Control over Venezuela's oil industry
U.S. President Donald Trump is considering the possibility of gaining control over Venezuela's oil industry, which could lower oil prices to $50 per barrel. According to Trump, the U.S. could obtain up to 50 million barrels of oil from Venezuela. This move could significantly impact the global oil market, as current oil prices are $56.7 per barrel for WTI and $60.7 per barrel for Brent.
Future forecasts
It is predicted that by 2026, there will be a record surplus in the global oil market. If the price of WTI falls to $50 per barrel, this could lead to Brent prices dropping to $54 per barrel, while Russian Urals could fall to $30 per barrel. Trump noted that the optimal price for oil is $50 per barrel, indicating his intention to stabilize the market through control over the Venezuelan oil company Petroleos de Venezuela.
These initiatives could significantly influence the oil market, as lower oil prices could reduce costs for consumers and improve the economic situation in the U.S. At the same time, control over Venezuela's oil industry could provoke negative reactions from other countries, especially those with interests in the region.
“The optimal price for oil is $50 per barrel”
Donald Trump
This highlights the complexity of geopolitical and economic relations in the energy sector, where the decisions of one country can have global consequences.