See especially (i) my second response re. China’s big risk regarding repayment of its $100b loans, collateralized with a promised flow of Venezuelan oil, and equally (ii) Janiv Shah’s first comment, on the more immediate China impact. It was a pleasure to be on with the well known oil expert Janiv Shah, VP RystadEnergy.
I have several more interviews on Venezuela I will be posting (print, radio, TV, and my own writing), including oil issue, but also on the domestic Venezuelan opposition vs. Chavista politics, and on the geostrategic logic of the Trump administration’s intervention. This has to do obviously with China, but even more so with Russia’s capacity to be a major player in the global oil market. This has to do very much with the USA strategy to end the war in Ukraine by being able to take Russian barrels step-wise off the global market. See my many posts here recently on this latter topic.
I am happy to speak to civil society, business, government audiences (and to consult) on these matters tomod.com@gmail.com .
The Global Barrel 