Venezuelan Oil Market a ‘Huge Undertaking’, Need ‘Significant Assurances’

Energy markets are staying relatively calm because of uncertainty, says Graham Stock. Venezuelan oil will take a long time to come back online, and significant assurances before capex commitments are made. He thinks it would take over $100 billion over the next 10 years to bring Venezuela back up to 3 million barrels per day.

Trading 360

09 Jan 2026

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