Story perspectives
Venezuela's Crisis Deepens: Oil Production Plummets Post-Maduro Capture
1/11/2026
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Story summary
- Venezuela's economic crisis worsens after a U.S. military operation captured President Nicolás Maduro.
- Oil production could fall from 1.2 million barrels per day to under 300,000 due to U.S. sanctions and a blockade on energy exports.
- Reviving the oil sector will require substantial investment and restructuring of crippling debt.
- Cuba, dependent on Venezuelan oil, is in its worst economic crisis in decades, raising regional stability concerns.
