Webinar
What’s next for Venezuela’s oil?
Opportunities and risks facing international investors, and the implications for global oil and refined product markets.
Date
21st January 2026
Time
3pm GMT / 9am CDT
Duration
1 hour
The US capture of Venezuela’s former president Nicolás Maduro has started a new era for the country, and its oil and gas industry in particular. President Trump has put the reconstruction of Venezuela’s energy sector at the heart of his plans for the future of the country. He hopes to encourage more than $100 billion in investment from US and other international companies, to restore Venezuela’s shattered oil infrastructure and revive its production. But the oil Majors are wary of committing more capital to a country where they have lost billions of dollars in the past, and several still have outstanding debts.
Join Wood Mackenzie’s experts as they explain the factors that will shape the future of Venezuela’s oil, the opportunities and risks facing international investors, and the implications for global oil and refined product markets.
Key topics
- How quickly will it be possible to restore Venezuela’s oil production?
- What are the key challenges the industry faces?
- What are the biggest opportunities and risks for international investors?
- How fast could Venezuelan oil production be restored?
- What are the implications for oil and refining markets?
Meet the speakers
Ed Crooks
Vice Chair Americas and host of Energy Gang podcast
Ed Crooks
Vice Chair Americas and host of Energy Gang podcast
Ed examines the forces shaping the energy industry globally.
Latest articles by Ed
-
Opinion
What Big Oil needs to invest in Venezuela
-
Opinion
Venezuela and what to expect for energy in 2026
-
Opinion
Venezuela regime change: what it means for oil production, crude and product markets
-
Opinion
Electric vehicles create problems for the grid. Could they also help solve them?
-
Opinion
Energy evolution: navigating the path to a sustainable future
-
Opinion
The Energy Pulse review of 2025
Alan Gelder
SVP Refining, Chemicals & Oil Markets
Alan Gelder
SVP Refining, Chemicals & Oil Markets
Alan is responsible for formulating our research outlook and cross-sector perspectives on the global downstream sector.
Latest articles by Alan
-
Opinion
Venezuela regime change: what it means for oil production, crude and product markets
-
The Edge
Oil’s resilience in the energy system
-
Opinion
5 key ways to decarbonise downstream
-
Opinion
How can European refiners thrive in an uncertain world?
-
Opinion
Flight path to net zero: aviation’s fuel outlook to 2050
-
The Edge
Securing offtake for green hydrogen
Dylan White
Principal Analyst, North American Crude Markets
Dylan White
Principal Analyst, North American Crude Markets
Dylan leverages cutting-edge data to offer real-time insight into the oil industry.
Latest articles by Dylan
-
Opinion
Venezuela regime change: what it means for oil production, crude and product markets
-
Opinion
North American oil & gas commodity data: how does WoodMac compare to EIA?
-
Opinion
Price swings ripple through North American oil markets
-
Opinion
Reduced flow on several US-bound Canadian pipelines following introduction of tariffs
-
Opinion
7 questions about Trump tariffs and their impact on the North American oil market answered
-
Opinion
ARA Gasoil Inventories
Adrian Lara
Principal Analyst, Upstream Latin America
Adrian Lara
Principal Analyst, Upstream Latin America
Latest articles by Adrian
-
Opinion
Venezuela regime change: what it means for oil production, crude and product markets
-
Opinion
What does Milei mean for oil and gas in Argentina?
-
Opinion
Gas resources in Latin America: the challenges to development