Venezuela’s Planned Oil Investment Increase Draws Market Attention

Venezuela anticipates around $1.4 billion in new oil investment this year, up from $900 million in 2023, according to interim president Delcy Rodriguez, as reported by Reuters. The funds are expected to stem from production-sharing agreements under negotiation between the government and international oil firms amid a broader reform of the country’s hydrocarbons framework. The move follows recent U.S. authorizations for limited oil-related activity in Venezuela, which could support incremental supply and holds relevance for global benchmarks Oil – US Crude and Oil – Brent Crude, as well as related markets such as Natural Gas, given the country’s extensive reserves and potential impact on longer-term production expectations.

Over the past month, Oil – US Crude has gained about 3.73%, while Oil – Brent Crude has advanced roughly 4.80%, reflecting a backdrop of tighter supply expectations and ongoing geopolitical risk that could be tempered over time if Venezuelan output meaningfully recovers. Natural Gas has risen more sharply, up approximately 22.83% over the same period, underscoring heightened volatility and sensitivity to both weather and supply dynamics. On a short-term basis, 1-day technical analysis currently shows a Buy signal for Oil – US Crude, a Buy signal for Oil – Brent Crude, and a Buy signal for Natural Gas, suggesting near-term positive momentum even as investors weigh policy risks and the pace of any actual increase in Venezuelan production. Investors can explore more updates, prices, and analysis across global markets at Commodities.