If Venezuela becomes a major oil producer again, 'that could cement lower prices' long term and put pressure on Russia, analyst says
- Posted on January 4, 2026
- By Fortune
- 5 Views
If Venezuela becomes a major oil producer again, 'that could cement lower prices' long term and put pressure on Russia, analyst says
“There’s been a big benefit for Russia to see Venezuela’s oil industry collapse. And the reason is because they were a competitor on the global stage for that oil market.”
