Recent events in Venezuela have so far had limited immediate impact on global commodity markets — but the longer-term implications could be significant, especially if Western investment returns to the country In this episode, analysts from J.P. Morgan Global Research explore the outlook for oil, natural gas and metals.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base & Precious Metals Research

Otar Dgebuadze, Natural Gas Research

This podcast was recorded on January 9, 2026.

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How events in Venezuela could reshape global commodities

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