How America’s Action in Venezuela Guaranteed Guyana’s Oil Future

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The article discusses how Guyana's oil future is secured due to the US intervention in Venezuela, which has led to a surge in oil discoveries and production in Guyana, making it a major oil producer and exporter.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Once one of South America’s poorest countries, Guyana is now ranked among the world’s richest because of the vast petroleum wealth contained in its territorial waters. A swath of major oil discoveries in the offshore Stabroek Block by operator ExxonMobil, with partners Chevron and CNOOC, saw Guyana emerge as a major oil producer and exporter. There is considerable production growth ahead which will boost the economy and global oil supply. U.S. intervention in Venezuela, with President Nicolas Maduro captured during a daring night raid,…

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Original article published by OilPrice.com on February 28, 2026.
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