What it may take to get Venezuela back to 3+ million barrels per day by 2030

Summary

The segment discusses the political transition in Venezuela after Nicolas Maduro's capture and Delcy Rodriguez becoming acting president. Michelle Caruso-Cabrera says oil executives believe Venezuela could return to 3.5 million barrels per day by 2030 if stability and security are restored, and she highlights a 2020 anti-blockade law that allows the executive branch to pursue privatizations and deals with oil companies. The conversation also covers Maria Machado's opposition role and US concerns about de-Baathification-style instability.

• Venezuela swore in Delcy Rodriguez as acting president after the US capture of Nicolas Maduro.
• Oil executives see potential for Venezuela to return to 3.5 million barrels per day by 2030 if stability and security are restored.
• Reaching that output level would require substantial investment.
• A 2020 anti-blockade law lets Venezuela's executive branch enter deals and pursue full privatizations, removing old 51%-60% state ownership requirements.
• Rodriguez may have leeway to cooperate with the US and oil companies if she chooses.
• Maria Machado's opposition hopes are delayed, with US officials wary of de-Baathification-style instability.
• The discussion has implications for future Venezuelan oil supply and oil-company investment terms.