OIES Podcast – The U.S. ousts Maduro: Implications for the oil market and beyond

The podcast analyzes the repercussions of the U.S. intervention in Venezuela on energy markets, focusing on oil and China's involvement. It questions whether the intervention is primarily about oil or regional dominance under the Monroe Doctrine. Paul Horsnell suggests oil is being treated as "Victor's spoils," while Michal Meidan details China's oil-related debt and investments in Venezuela, noting that Venezuelan crude constitutes a small percentage of China's imports and can be easily replaced. The discussion also covers the potential impact on short-term oil balances, the feasibility of the U.S. controlling Venezuelan oil revenues, and the longer-term prospects for Venezuela's oil production, considering infrastructure challenges and political instability.