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Will the venezuela news be pro or con for the market?

Posted on 1/3/26 at 8:09 am
Posted by LChama
Member since May 2020
3442 posts
Posted on 1/3/26 at 8:09 am
Monday
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51807 posts
Posted on 1/3/26 at 8:13 am to
Doesn't seem significant. Probably means oil prices go up with the uncertainty in the country now
Posted by LChama
Member since May 2020
3442 posts
Posted on 1/3/26 at 8:15 am to
So china will need to get their oil from somewhere else now. Wonder where
Posted by kaaj24
Dallas
Member since Jan 2010
884 posts
Posted on 1/3/26 at 8:20 am to
It’ll be a blip Monday.

See how China responds
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51807 posts
Posted on 1/3/26 at 8:20 am to
China imports about 76% of the exported oil from Venezuela which is probably disrupted now. But they only accounted for less than 4% of China's imports.

cnbc

That could easily be absorbed by the Saudis, but guessing they would rather prices go back up



Picture added for reference
This post was edited on 1/3/26 at 8:37 am
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
9028 posts
Posted on 1/3/26 at 9:56 am to
A bit mixed. Probably expect a pop on Monday and prices back down (or lower) by Friday.

LINK
Posted by lynxcat
Member since Jan 2008
25053 posts
Posted on 1/3/26 at 10:55 am to
Immaterial.
Posted by PinevilleTiger
Pineville, LA
Member since Sep 2005
6365 posts
Posted on 1/3/26 at 12:24 pm to
Unless China uses this as a green light to invade Taiwan, the market will pop and oil will hit the 40’s. Venezuela can flood the World with cheap, heavy crude.
Posted by notiger1997
Metairie
Member since May 2009
61489 posts
Posted on 1/3/26 at 12:48 pm to
quote:

Venezuela can flood the World with cheap, heavy crude.


They can, but that’s probably a few years off.
This post was edited on 1/3/26 at 12:49 pm
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79512 posts
Posted on 1/3/26 at 1:01 pm to
No effect.

But crawfish prices will go up.
Posted by Dandaman
Louisiana
Member since May 2017
802 posts
Posted on 1/3/26 at 2:33 pm to
CVX?
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51807 posts
Posted on 1/3/26 at 2:35 pm to
Probably near term negative for cvx with the uncertainty. Unless we put boots on the ground to protect their assets
Posted by bass
Member since Oct 2016
4751 posts
Posted on 1/3/26 at 10:54 pm to
Markets will creep down a few hundred points. I don’t see any catalyst for the upside and things seem to be in a lull since the holidays.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15863 posts
Posted on 1/4/26 at 4:38 am to
Read somewhere this hurts O&G companies from Canada because they produce more heavy crude than most American companies.
Posted by Art Blakey
Member since Aug 2023
290 posts
Posted on 1/4/26 at 3:27 pm to
quote:


They can, but that’s probably a few years off.


Yep, I think current production is 700k/day, potential is 3.5M or so after pulling the warm blanket of collectivism off their dilapidated infrastructure.
Posted by Diseasefreeforall
Member since Oct 2012
7236 posts
Posted on 1/4/26 at 3:46 pm to
I don't expect serious investment in Venezuela considering the political uncertainty and Trump being out of office in 3 years. Plus oil prices may not support it.
Posted by bigjoe1
Member since Jan 2024
1518 posts
Posted on 1/4/26 at 4:27 pm to
quote:

I don't expect serious investment in Venezuela considering the political uncertainty and Trump being out of office in 3 years. Plus oil prices may not support it.

Oil is below $60/barrel plus the Russian /Ukraine war likely ends this year and with sanctions lifted Russia turns on the spigots. Won't be surprised to see oil near $50 this year.
This post was edited on 1/4/26 at 7:21 pm
Posted by Mr. Curious
Chocolate City
Member since Aug 2004
761 posts
Posted on 1/4/26 at 7:48 pm to
Go check out Chevron, Halliburton and Schlumberger.
Posted by VMO7
Member since Mar 2018
50 posts
Posted on 1/5/26 at 12:24 am to
Been banging this drum for a bit here - but check out Tidewater for long-term upside. They are also owed $62M from Venezuela.

LINK
Posted by TigerV
Member since Feb 2007
2862 posts
Posted on 1/5/26 at 5:04 am to
Yea, I think Chevron has the most upside of the majors followed by the service companies as those are the companies that can take advantage of a ramp up in activity the quickest.
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