Episode 435: PODCAST: US Venezuela operation raises long-term questions for global oil market

Episode 435: PODCAST: US Venezuela operation raises long-term questions for global oil market

The US military operation in Venezuela at the start of 2026 resulting in the capture of president Nicolas Maduro had a modest immediate impact on oil prices.

However, questions raised by these events are highly consequential for global markets and the future geopolitical power balance.

Shares in some US-listed oil companies rose sharply after the operation, but who will be the real winners and losers in the long term? What are the implications for global oil and gas markets, amid protests rocking Iran and the possibility other resource-rich countries and territories such as Canada, Colombia, Greenland or Mexico could be on Washington’s target list?

Senior reporter Aura Sabadus has invited ICIS global crude oil editor Barney Gray and senior oil analyst David Jorbenaze to reflect on latest developments and the long-term outlook for markets.

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Avsnitt(433)

Episode 444: The next big commodity in gas markets is not gas, it is data

Episode 444: The next big commodity in gas markets is not gas, it is data

Europe's gas market is entering a new era in which transparency is becoming just as valuable as the resource itself. As policymakers tighten requirements around carbon emissions, methane monitoring an...

30 Juni 27min

Episode 443: Europe’s biomethane sector gains momentum despite policy challenges

Episode 443: Europe’s biomethane sector gains momentum despite policy challenges

While Europe’s long-term biomethane potential remains strong as output is projected to reach up to 35bcm by 2030, growth is being slowed by regulatory bottlenecks, permitting delays and feedstock cons...

20 Maj 25min

Episode 442: Poland bets on LNG and tariff reform to strengthen CEE gas hub status

Episode 442: Poland bets on LNG and tariff reform to strengthen CEE gas hub status

Since Russia sharply reduced gas supplies to Europe in 2022, Poland has emerged as a key regional gas crossroads, underpinned by its Swinoujscie LNG terminal, expanded interconnections and access to B...

15 Apr 30min

Episode 441: War, energy shocks and what comes next

Episode 441: War, energy shocks and what comes next

Energy markets were jolted into crisis after war erupted in the Middle East on 28 February, abruptly ending expectations of a calm year marked by abundant oil and gas supply and falling prices.As the ...

24 Mars 30min

Episode 440: LNG remains critical to Europe's security of supply despite geopolitical and regulatory risks

Episode 440: LNG remains critical to Europe's security of supply despite geopolitical and regulatory risks

The US-Israeli led war against Iran has unleashed extreme volatility across energy markets, with natural gas prices rising as much as 70% in the first ten days of March.Traders fear that the longer th...

11 Mars 30min

Episode 439: Deeper EU market is key to address economic, security challenges

Episode 439: Deeper EU market is key to address economic, security challenges

Europe’s single market is widely regarded as the jewel in the crown of EU integration. However, the energy crisis of 2022 showed that its electricity and gas markets remain fragmented, exposing the bl...

25 Feb 35min

Episode 438: Lithuania's LNG terminal is a key CEE energy security actor - CEO

Episode 438: Lithuania's LNG terminal is a key CEE energy security actor - CEO

Lithuania’s offshore Klaipeda LNG terminal had a record year in 2025, with the port’s utilisation rate soaring well above the EU average. Operator KN Energies anticipates an even better year in 2026. ...

27 Jan 25min

Episode 437: EU biomethane market blooms but challenges slow down progress

Episode 437: EU biomethane market blooms but challenges slow down progress

The EU’s biomethane market has been developing at speed.Since 2023, production has risen more than 30% and the fuel is fast becoming not just an instrument to reach energy transition targets but is al...

21 Jan 26min

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