Venezuela Coup: Why Crude Oil Market Stays Calm Despite Geopolitical Shock

• President Nicolas Maduro overthrown in Venezuela; US President Donald Trump implicated.
• Despite major geopolitical upheaval, global crude oil market remains largely calm.
• Venezuela's current oil production is less than 1 million barrels/day, under 1% of global supply.
• Global oil supply currently exceeds demand, especially in Q1, limiting impact of supply disruption.
• Analysts suggest a new government could lift sanctions, potentially increasing long-term supply and lowering prices.

Why It Matters: Venezuela's low current oil output and global oversupply keep crude market stable despite the coup.