The situation in Venezuela remains dynamic, closely linked to global oil market developments. The US, particularly through the influence of Marco Rubio, is strengthening its position in Latin America, and President Donald Trump has commented on regional events and energy resources. The reboot of Venezuelan power and the return of American companies could already impact global oil prices because of market expectations.
The oil market is reacting to possible changes in Venezuelan government, the return of investments, and the potential increase in heavy oil exports, leading to price declines. Other factors include oil oversupply, stagnation in the Chinese economy, and global green energy trends. OPEC+ faces pressure as the US, Canada, Guyana, and Brazil bring new volumes of oil to the market.
This is important for Ukraine, as cheaper oil reduces import costs and creates a resource shortfall for Russia. Political struggles in Venezuela continue: Vice President Delcy Rodriguez has expressed her readiness to cooperate with the US, but external support is not as likely as before. US representatives, particularly Rubio, highlight the need to work with the current government and hold elections after security and capital repatriation guarantees are in place.
Pope Francis expressed support for democratic changes in Venezuela, noting the importance of freedom for its people. The US clearly signals it will not allow significant influence from China and Russia. Lack of support from neighboring countries (Brazil, Colombia, Cuba) makes changes in Venezuela almost inevitable, according to analysts.
Developments in Venezuela will affect global oil prices and could increase pressure on the Russian economy. Ukraine depends on market stability, and weaker Russian resources work to its advantage. As analysts note, the situation in Venezuela is not only a political contest, but also a key part of the global energy and economic game.
