Politis

Oil Prices Fall After Maduro’s Arrest – Washington Eyes Venezuela’s Reserves

Published January 5, 2026, 09:30
Oil Prices Fall After Maduro’s Arrest – Washington Eyes Venezuela’s Reserves

Oil prices initially fell by 1% and then recovered some of their losses following the announcement of Venezuelan President Nicolás Maduro’s arrest. The initial drop was due to expectations that the United States would allow American oil companies to exploit Venezuela’s large crude oil reserves. President Trump stated that Washington would “govern” Venezuela until a “safe, proper and fair transition” takes place. Venezuela possesses some of the largest oil reserves in the world, surpassing even Saudi Arabia and Iran. However, oil production in Venezuela is low, at around 1 million barrels per day, compared to 3.5 million when Hugo Chávez took power. Analysts estimate that any disruptions to Venezuelan production will be limited as the global market is already considered adequately supplied.