Oil market might absorb Maduro shockTAKE IN STRIDE: The disruption is manageable and there is significant oil oversupply due to seasonally weak demand and OPEC+ production increases, a top analyst saidBloombergWhile the capture of Venezuelan President Nicolas Maduro following US airstrikes marked a seismic geopolitical development, early signals suggested that the global oil market would largely take the move in its stride. US President Donald Trump on Saturday said that sanctions on Venezuela’s oil industry would remain in place and US oil companies would help rebuild infrastructure and revive output. “We continue to operate in full compliance with all relevant laws and regulations.”Maduro’s capture raised speculation over the fate of the Venezuelan oil industry in the longer term. Trump said that US companies would spend billions of dollars to rebuild the Venezuelan oil sector and sell a “large amount” of oil to global buyers, including current customers and new ones. It was not immediately clear which oil companies he was referring to and he did not specify how soon they would be able to begin production.
