{"id":12423,"date":"2026-01-19T05:03:22","date_gmt":"2026-01-19T05:03:22","guid":{"rendered":"https:\/\/alfanouscar.com\/blog\/?p=12423"},"modified":"2026-01-19T05:03:22","modified_gmt":"2026-01-19T05:03:22","slug":"rephrase-the-same-what-will-happen-in-the-international-oil-market-following-the-united-states-intervention-in-venezuela-in-a-different-way-no-more-than-118-characters-as-if-you-were-a-native-ame","status":"publish","type":"post","link":"https:\/\/alfanouscar.com\/blog\/rephrase-the-same-what-will-happen-in-the-international-oil-market-following-the-united-states-intervention-in-venezuela-in-a-different-way-no-more-than-118-characters-as-if-you-were-a-native-ame\/","title":{"rendered":"Rephrase the same What will happen in the international oil market following the United States’ intervention in Venezuela? in a different way no more than 118 characters, as if you were a native American speaker as expert on content creation and dont talk about yourself or your experience"},"content":{"rendered":"
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  1. Fall in Venezuelan production<\/a>\n<\/li>\n
  2. Obsolete infrastructure<\/a>\n<\/li>\n
  3. Call to US oil companies<\/a>\n<\/li>\n
  4. Consequences for Spanish companies<\/a>\n<\/li>\n<\/ol>\n

    The reaction of the international oil market<\/strong> to the United States’ intervention<\/strong> in Venezuela has been more limited than expected: on Monday, 5 January, the price of oil was virtually unchanged, with an average price decline of 0.6%<\/strong>. A barrel of Brent (the benchmark<\/strong> for the European market) was trading at \u00a360.42, 0.5% less than in the previous session, while West Texas Intermediate (WTI, the benchmark for the American market) was trading at \u00a359.96 per barrel, 0.6% less.<\/p>\n

    In case there were any doubts, OPEC+<\/strong> (which includes OPEC countries, plus Russia, Kazakhstan, Azerbaijan, Malaysia, Mexico, Bahrain, Brunei, Oman, Sudan and South Sudan, oil-producing countries that do not belong to the organisation) has clarified in a statement that the events in Venezuela<\/strong> will not change its plans to keep its crude oil supply stable<\/strong> at least until next April<\/strong>.<\/p>\n

    Oil closed 2025<\/strong> with a year-on-year decline of close to 20%<\/strong>, due to excess supply<\/strong>. Both Brent and WTI recorded their largest percentage declines<\/strong> since the pandemic.<\/p>\n

    OPEC logo – REUTERS\/DADO RUVIC<\/figcaption><\/figure>\n

    Fall in Venezuelan production<\/h2>\n

    With this data in mind, one of the arguments that has been repeated most often in recent hours to explain the United States’ intervention<\/strong> in Venezuela and the arrest of Nicol\u00e1s Maduro<\/strong> loses weight: the Trump administration’s desire<\/strong> to gain control of Venezuela’s significant oil reserves<\/strong>.<\/p>\n

    It should be noted that Venezuela’s current oil production<\/strong> is very low; in fact, the state of New Mexico<\/strong> has a higher annual crude oil production than the Caribbean country. Even the United Kingdom<\/strong> has a production level very similar to Venezuela’s: just 100,000 barrels less<\/strong> per year.<\/p>\n

    It is true that Venezuela has the largest proven oil reserves<\/strong> in the world, concentrated in the so-called Orinoco Oil Belt<\/strong>. However, this is a highly concentrated crude oil, which requires the use of diluents<\/strong> and special technology<\/strong> for its extraction, complicating and increasing the cost of operations.<\/p>\n

    Oil extraction in this area requires prior investment in the construction of a specialised refinery<\/strong> capable of processing this type of crude oil, as well as specialised labour<\/strong> and logistical infrastructure<\/strong>. For this reason, the price per barrel of extraction<\/strong> would skyrocket, making extraction unprofitable from an economic point of view.<\/p>\n

    Furthermore, these types of refineries emit large amounts of CO2<\/strong> into the atmosphere, which would further complicate the situation from an environmental point of view<\/strong>.<\/p>\n

    According to OPEC data<\/strong>, Venezuela’s proven reserves<\/strong> in 2024 were 303.22 million barrels<\/strong>. However, five years earlier, in 2020, these reserves amounted to 303.56 million barrels<\/strong>. The conclusion is that in these five years, hardly any oil has been extracted from these reserves.<\/p>\n

    Thus, although according to data from the United States Energy Information Administration (EIA)<\/strong>, Venezuela accounts for approximately 17% of the world’s proven oil reserves<\/strong>, its current production<\/strong> is only a fraction of that amount<\/strong>.<\/p>\n

    \"Representantes
    Representatives from Venezuela at one of the OPEC meetings held in 2025 – PHOTO\/OPEC<\/figcaption><\/figure>\n

    Obsolete infrastructure<\/h2>\n

    The explanation is that, since the early 2010s, the lack of investment<\/strong> in infrastructure maintenance and modernisation, coupled with US sanctions<\/strong> on the Venezuelan oil sector, has led to a drastic reduction<\/strong> in Venezuela’s oil production<\/strong>.<\/p>\n

    At the beginning of the 21st century, production amounted to more than three million barrels per day<\/strong> (the record is 3.7 million barrels per day<\/strong> in 1997). In 2024, however, average production barely reached 921,000 barrels per day<\/strong>.<\/p>\n

    This has caused Venezuela to disappear from the ranking of the world’s largest oil producers<\/strong>, which is headed by the United States<\/strong>, followed by Saudi Arabia<\/strong>, Russia, Canada and China.<\/p>\n

    A recent study by energy consultancy Wood Mackenzie<\/strong> estimates that getting Venezuela back to producing 1.5 million barrels per day<\/strong> would cost between $20 billion and $30 billion<\/strong>, not including the maintenance of oil and gas pipeline infrastructure, which would require a similar investment.<\/p>\n

    Making the leap to a production of 3 million barrels per day<\/strong>, close to the 1997 record<\/strong>, would require investments of between \u00a385 billion and \u00a3130 billion<\/strong> over a period of ten years, according to the consultancy firm.<\/p>\n

    \"Instalaci\u00f3n
    PDVSA oil facility in Venezuela – PHOTO\/@PDVSA<\/figcaption><\/figure>\n

    Call to US oil companies<\/h2>\n

    With the aim of modernising and reviving Venezuela’s oil production<\/strong>, which is in dire need of investment, the Trump administration<\/strong> has made an offer to the executives of the major US oil companies<\/strong>, many of whose assets in Venezuela were seized by the Bolivarian government<\/strong>.<\/p>\n

    Trump is now offering these companies the chance to recover those assets<\/strong>, or at least receive compensation<\/strong> for their confiscated properties, in exchange for returning to Venezuela and investing<\/strong> in the revival of the country’s oil industry.<\/p>\n

    In this way, the Trump administration is ensuring, on the one hand, that US companies expand their markets<\/strong> and recover what they lost due to the expropriations of Ch\u00e1vez and Maduro<\/strong>, and on the other hand, that a sector that is very important for Venezuela’s economy<\/strong> is rebuilt, thus offering better prospects for the population<\/strong> and minimising the possibility of a new uprising or coup d’\u00e9tat.<\/p>\n

    Among the oil companies most interested in returning to Venezuela is ConocoPhillips<\/strong>, which obtained an award in its favour of $11 billion<\/strong> for the expropriation of its Petroznata, Hamaca and Golfo de Paria fields<\/strong>.<\/p>\n

    \"El
    US President Donald Trump delivers a speech during a visit to the Double Eagle Energy oil rig in Midland, Texas, USA, on 29 July 2020 – REUTERS\/CARLOS BERRIA<\/figcaption><\/figure>\n

    For its part, ExxonMobil<\/strong> obtained $900 million<\/strong> in compensation in 2011 for the nationalisation of its Cerro Negro and La Ceiba fields<\/strong>. In addition, in 2023, a new ruling awarded it $77 million<\/strong> in compensation.<\/p>\n

    The only US oil company that has maintained its operations in Venezuela is Chevron<\/strong>. Although the original debt to the oil company amounted to $5 billion<\/strong>, a special licence<\/strong> from the US government allowed it to continue exporting oil, enabling it to recover a large part<\/strong> of that amount.<\/p>\n

    Consequences for Spanish companies<\/h2>\n

    The United States’ intervention in Venezuela<\/strong> has changed the game, with the interests of major Spanish companies<\/strong> also at stake.<\/p>\n

    Obviously, the main company involved is the oil company Repsol<\/strong>, which, at the end of the first half of 2025, had a debt of \u20ac358 million<\/strong> that, in principle, was to be paid with crude oil<\/strong>. However, this operation was halted due to the embargo imposed by the United States<\/strong>.<\/p>\n

    Sources close to the company say that discreet negotiations<\/strong> are underway with the US authorities<\/strong> to reach an agreement that will allow the Spanish company to repatriate the oil<\/strong>.<\/p>\n

    Apart from the oil sector, other major Spanish companies are waiting to see how events unfold so that they can recover their debts from the Venezuelan government: BBVA (\u20ac180 million in dividends)<\/strong>; Iberia (\u20ac200 million); Air Europa (\u20ac180 million), Telef\u00f3nica (\u20ac200 million)<\/strong>; Meli\u00e1 (\u20ac140 million); and Duro Felguera (\u20ac120 million)<\/strong>.<\/p>\n<\/p><\/div>\n

    Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from contentand romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time<\/p>\n","protected":false},"excerpt":{"rendered":"

    Fall in Venezuelan production Obsolete infrastructure Call to US oil companies Consequences for Spanish companies The reaction of the international oil market to the United States’ intervention in Venezuela has been more limited than expected: on Monday, 5 January, the price of oil was virtually unchanged, with an average price decline of 0.6%. A barrel […]<\/p>\n","protected":false},"author":3,"featured_media":12424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[11],"tags":[940,3092,3096,3097,1182,4235,4326,890,1808,1809,234,3095,11007,544,9549,59,3093,100,5045,4236,202,3088,3094,5223,3098,444,248,5522],"class_list":["post-12423","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-american","tag-characters","tag-content","tag-creation","tag-dont","tag-economia","tag-economie","tag-economy","tag-estados-unidos","tag-etats-unis","tag-experience","tag-expert","tag-happen","tag-international","tag-intervention","tag-market","tag-native","tag-oil","tag-petrole","tag-petroleo","tag-portada","tag-rephrase","tag-speaker","tag-states","tag-talk","tag-united","tag-united-states","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/12423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=12423"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/12423\/revisions"}],"predecessor-version":[{"id":12425,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/12423\/revisions\/12425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/12424"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=12423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=12423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=12423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}