If the United Socialist Party falters, and if Maduro is deposed, the consequences for the world oil market could be significant. After all, Venezuela does control the world’s largest known oil reserves and still produces two million barrels per day. As of April 25, a reported 26 Venezuelans have died in political protests against the current regime. This is also the situation that could see the largest jump in oil prices for the longest period of time. It would also benefit American shale producers, which have been waiting for months for oil prices to rise a little higher to make production profitable.
Source: Forbes April 26, 2017 20:15 UTC