Goldman: Venezuela Oil Output Could Rise Long-Term, Pressure Global Prices After US Action

• Goldman Sachs predicts Venezuela's oil output may increase long-term, potentially pressuring global crude prices.
• The forecast follows the US's capture of Nicolás Maduro and its stated intent to rebuild Venezuela's energy sector.
• Recovery would be gradual and partial, requiring significant investment due to degraded infrastructure, despite Venezuela holding the world's largest proven oil reserves.
• US President Donald Trump pledged US companies would invest billions to restore Venezuela's oil sector to its former glory.
• Increased Venezuelan output, alongside Russia and US production, poses downside risks to oil price forecasts for 2027 and beyond.

Why It Matters: US intervention in Venezuela could lead to long-term oil output rise, impacting global crude prices.