Trump Eyes Venezuela Oil Control | Balance of Power 1/5/2025

Watch on YouTube ↗  |  January 05, 2026 at 20:01  |  43:07  |  Bloomberg Markets
Speakers
Norah Mulinda — Market Reporter, Bloomberg
Joe Mathieu — Host, Bloomberg Radio
Heather Conley — Senior Fellow, CSIS
Eric Farnsworth — Senior Associate, Americas Program, Center for Strategic and International Studies

Summary

The episode covers the U.S. capture of Nicolas Maduro and the Trump administration's plan to influence Venezuela's transition and oil sector. Markets reacted with broad gains, especially in energy stocks, while analysts debated the long-term feasibility and geopolitical implications. The political panel focused on domestic fallout, congressional processes, and foreign-policy risks involving Cuba, Greenland, Russia, and Ukraine.

  • Maduro is arraigned in New York and pleads not guilty to narco-terrorism charges.
  • Trump says the U.S. will run Venezuela until a transition; Delcy Rodriguez is acting president.
  • U.S. oil executives are expected at the White House as Trump vows to revive Venezuela's energy sector.
  • Energy stocks rally, with Chevron, Exxon Mobil, ConocoPhillips, Halliburton, and Baker Hughes gaining.
  • Norah Mulinda says investors are betting long-term on Venezuela oil despite a multi-year timeline.
  • Political panel debates MAGA reaction, Marco Rubio's role, the war powers vote, and appropriations.
  • Heather Conley discusses European concerns over sovereignty, Greenland/NATO risks, and Ukraine peace talks.
  • Gold, silver, and crude oil also rise amid the geopolitical developments.
Ideas
Norah Mulinda Market Reporter, Bloomberg 31:38
Chevron uniquely exposed to Venezuela oil revival.
Chevron is one of the only large U.S. oil companies still operating in Venezuela, giving it direct, differentiated long-term exposure to President Trump's pledge to revive Venezuela's energy sector. Even though rebuilding the country's oil infrastructure could take a decade, investors are betting long-term on that revival, and Chevron's existing presence makes it a key beneficiary.
CVX MED
Norah Mulinda Market Reporter, Bloomberg 31:51
Energy sector gains on Venezuela long-term bets.
The S&P 500 energy sector is the best-performing sector as traders look through the multi-year timeline for rebuilding Venezuela's oil industry and bet on a long-term revival of Venezuelan oil supply. Broad-based gains across energy names indicate investors are using the geopolitical development as a long-term reason to buy the sector.
XLE MED
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This Bloomberg Markets video, published January 05, 2026, features Norah Mulinda discussing CVX, XLE. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Norah Mulinda  · Tickers: CVX, XLE