The memorandum signed at Miraflores Palace on September 19 follows deals BP, Eni, Repsol and Chevron struck with the new government this year. Venezuela still pumps under a million barrels a day against about three million in the late 1990s.
Reality
- Evidence32
- Adoption28
- Hype gap+22
- Incentives62
- Confidence33
Leaving OPEC would not lift a production target Venezuela is currently exempt from, so the interim government would be trading away a vote for nothing measurable, at the moment the White House says it controls the reserves.
Reality
- Evidence38
- Adoption20
- Hype gap+58
- Incentives62
- Confidence42
Two dollars under Oman/Dubai is a strange price for a corridor still running below normal. The September 6 OPEC+ meeting will show whether Riyadh was accommodating weak shipping or buying Asian share ahead of a 2027 capacity review.
Reality
- Evidence34
- Adoption58
- Hype gap+14
- Incentives45
- Confidence41
The reserves would more than double on paper, but Venezuela is lifting less than half what it did a decade ago. The private capital asked to fix that is being promised a policy whose stated aim is cheaper crude.
Reality
- Evidence20
- Adoption15
- Hype gap+55
- Incentives75
- Confidence50
Vox reports that blackouts, fuel shortages and broken cold chains have pushed Cuba's universal health system into a humanitarian crisis. Physician supply was never the binding constraint.
Reality
- Evidence38
- Adoption72
- Hype gap+14
- Incentives58
- Confidence45