President Trump says Venezuela will turn over 30 to 50 million barrels of crude oil to the US, worth up to $2.8 billion, following the capture of President Maduro.
American oil and gas companies are shifting investment toward natural gas as LNG export capacity expands, with exports set to rise nearly 40% from 2024 levels amid growing global demand.
US gasoline prices are expected to average just $2.97 per gallon in 2026, marking the first sub-$3 annual average since 2020 as oil oversupply weighs on markets.
The oil cartel maintains output levels through Q1 2026 as Saudi-UAE friction and Venezuela crisis add uncertainty to already oversupplied markets.
Despite US military action in Venezuela and the capture of President Maduro, oil prices remain subdued as analysts point to the country's small share of global supply.
Henry Hub natural gas prices climb toward $4.30/MMBtu this winter as colder-than-expected temperatures boost heating demand across the United States.
Shell, Chevron, ExxonMobil, TotalEnergies, and Abu Dhabi's ADNOC are all reportedly evaluating a potential acquisition of BP amid falling share prices.