Trump Announces Closely Working With Venezuela's Interim President

Summary

President Trump announced close cooperation with Venezuela’s Acting President Rodriguez, confirming that US oil majors are actively extracting oil in the region following the removal of former President Maduro.Zhitong

Impact Analysis

They’re basically confirming the takeover is complete. This ‘close cooperation’ with Acting President Rodriguez isn’t just a photo-op; it’s operational cover. Trump explicitly stated US majors are already extracting oil and the revenue sharing is set .

The market is pricing this as a messy, drawn-out regime change, but the signal here is that the infrastructure is secure and the taps are opening now. This creates an immediate supply shock for heavy crude that the futures curve hasn’t fully digested.

Bottom line—the geopolitical risk premium on Venezuela is gone; it’s now a US asset play. I’d fade any oil rallies based on supply tightness. The trade here is long complex Gulf Coast refiners who just got their cheapest feedstock back, and potentially long the specific US majors named in the extraction deals. It’s ‘Drill, Baby, Drill’ but on foreign soil.