EPRINC briefing
Venezuela Oil
7 publications
Briefing summary
Following the January 3, 2026 U.S. military action and extradition of President Maduro, EPRINC has been at the forefront of analysis on what the political transition means for Venezuela's oil and gas industry, investment conditions, and the global heavy-crude market.
On January 15, 2026 EPRINC hosted a webinar presenting some of our research and investigating the implications of this profound transition. Below is a collection of our research, data, and media coverage on this topic.
What is the outlook for Venezuela's oil industry after Maduro?
Can Venezuelan crude help refill the SPR?
CommentaryRevisiting The Strategic Petroleum Reserve (SPR)The prospect for conflict in the Middle East, pending collapse of production in Venezuela, and turmoil in North Africa all remind us the world oil…Jun 2019PressEPRINC’s research cited in Just The News article “Importing Venezuelan oil one proposal among many to refill the Strategic Reserve depleted by Biden”EPRINC’s research was cited in a Just The News article titled “Importing Venezuelan oil one proposal among many to refill the Strategic…Jan 2026
How do sanctions affect Venezuelan production and exports?
ChartVenezuela: U.S. Crude Oil Imports and Diluent AvailabilityU.S. crude oil imports from Venezuela have fallen from 730 thousand barrels per day (9.25% of total requirements) before the 2019 sanctions to about…Chart 2026-02ChartU.S. Crude Oil & Product Imports from Venezuela Under Shifting Sanctions Regimes – RevisitedU.S. crude oil and product imports from Venezuela have swung with successive sanctions regimes—falling to zero after Executive Order 13850 took…Chart 2026-01ChartU.S. Crude Oil & Product Imports from Russia and Venezuela under Shifting Sanctions RegimesBroader sanctions context: how U.S. import patterns shift under geopolitical pressure.Chart 2024-15PressMax Pyziur cited in The Observer Thomas Graham’s article “US action in Venezuela fails to budge oil markets”EPRINC’s Max Pyziur is cited in Thomas Graham’s article “US action in Venezuela fails to budge oil markets,” published in…Jan 2026