Oil Majors Meet White House on Potential Venezuela Investments

The White House plans to meet on Friday with leading U.S. and international oil producers, refiners, traders, and oilfield service providers to discuss prospective investment in Venezuela’s energy sector, according to a U.S. official. The talks come as Washington considers options to help restore crude production in the heavily sanctioned country, a development that could eventually affect global supply dynamics and benchmark prices for Oil – US Crude (WTI) and Oil – Brent Crude. Any easing of constraints on Venezuelan output would likely be gradual, but investors are watching for policy signals that could shift medium-term supply expectations and risk premia in the oil market.

Over the past month, WTI has edged down about 0.25%, suggesting a relatively stable but slightly softer price environment, while Brent has risen roughly 0.58%, indicating a modest divergence between the two benchmarks that may reflect differing perceptions of global demand and seaborne supply. On a short-term basis, both WTI and Brent show a 1-day technical stance of Hold and Hold, respectively, pointing to a neutral trading outlook as markets assess whether potential Venezuelan supply changes will materially alter current price trends. Investors can explore more updates, prices, and analysis across global markets at Commodities.