VENEZUELAN OIL OUTPUT GAINS SEEN AS LONG-TERM A meaningful rise in Venezuelan oil production would take years, not months, even if President Nicolás Maduro were removed, due to technical constraints and weak investment conditions, according to Citi Research. While higher output could add supply and weigh on oil markets in 2027–28, near-term effects remain bullish as Venezuelan barrels continue to be lost until a deal is reached with the U.S. Oil supply risks are expected to support Brent around $60 per barrel in the coming weeks.(*Walter Bloomberg)