Venezuela’s Oil Production Grows at a Crucial Time Despite Challenges

Venezuela’s oil production is growing at a crucial time, with conflict in the Middle East disrupting traffic in the Strait of Hormuz, thereby crimping global petroleum supply. Since the U.S. captured President Nicolas Maduro in a daring night raid in early January 2026, Venezuela’s petroleum output has soared to multiyear highs. Recent regulatory reforms, the easing of U.S. sanctions and greater foreign investment are all key to reviving Venezuela’s struggling petroleum sector and increasing oil output in what was once South America’s…