Venezuela’s return: North America to absorb incremental heavy oil supply as Brent outlook remains unchanged
Enverus Intelligence® Research projects Venezuela’s oil production to rise by 500,000 barrels per day, with minimal Brent price impact as North American markets absorb incremental supply. Discover key insights on global oil markets, U.S. Gulf Coast, and Canadian crude from the latest EIR report.
January 14, 2026
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