U.S. captures Maduro, shifting control of Venezuela's oil and impacting markets
The arrest of Nicolás Maduro has raised questions about control over Venezuela's oil industry, which is primarily managed by the state-owned PDVSA, with potential influence from U.S., Russian, and Chinese companies. Political instability and sanctions have severely impacted production and exports, and any regime change could further disrupt the industry. While some companies like Chevron are positioned to benefit from a more pro-U.S. government, the long-term recovery of Venezuela's oil sector faces significant physical and financial challenges.