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Fishermen pass an oil tanker in the Gulf of Venezuela off the shore of Punta Cardon, Venezuela, Wednesday, Jan. 14, 2026. (AP Photo/Matias Delacroix)

From Canada to China, fall of Maduro is transforming global oil market

By Joseph Hammond - Special to The Washington Times Shares

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“It will take two to three years of steady investment, say $80 billion, and we might be able to produce 1.6 million per day,” said Jose Chalhoub, a former analyst for Petroleos de Venezuela S.A., Venezuela’s state-owned oil and gas company.

From Canada to China, fall of Maduro is transforming global oil market →

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