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The Situation in Venezuela is Actually Bullish for Prices – Tyler Richey Quoted in MarketWatch

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The near-term impact of the situation in Venezuela is actually bullish for prices from a supply standpoint says Tyler Richey

Oil prices end 3% higher for the week as Venezuela looks to run out of storage capacity

The near-term impact of the situation in Venezuela is actually bullish for prices from a supply standpoint, as its state-owned PDVSA has reportedly shut down an unknown amount of oil-well production due to a lack of sufficient physical oil storage and still largely locked-down port operations, said Tyler Richey, co-editor at Sevens Report Research.

Oil prices Friday also found support from unrest in Iran and Israeli threats of potential military strikes on Iranian oil infrastructure, which would impact supplies, said Richey.

Also, click here to view the full article published in MarketWatch on January 10th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Sevens Report Co-Editor Quoted in MarketWatch

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Oil prices have found support from unrest in Iran Says Tyler Richey

Oil rises 3% this week — and not just because of Venezuela

For now, oil prices have found support from unrest in Iran, and from Israeli threats of potential military strikes on Iranian oil infrastructure, which would impact supplies, said Tyler Richey, co-editor at Sevens Report Research.

Venezuela continues to be in the spotlight, and the near-term impact of the situation there is actually also bullish for prices from a supply standpoint, Richey told MarketWatch.

The state-owned Petróleos de Venezuela, or PDVSA, has reportedly shut down an unknown amount of oil-well production due to a lack of sufficient physical oil storage and still largely locked-down port operations, he said.

That eventually could pressure prices lower, as Venezuela has nowhere to put the barrels still flowing out of the ground — leaving it in a very similar debacle to that which the U.S. found itself in back in April 2020, when storage hit capacity and some operators were forced to pay someone to take delivery of their oil, Richey noted. That might be an area where President Trump may want U.S. oil companies to step in with help.

That’s an amount of oil that will no longer be going to China or Russia — and the demand for those barrels hasn’t changed overnight, so they will need to be sourced elsewhere, “temporarily tightening global physical-market dynamics,” said Richey.

Also, click here to view the full article published in MarketWatch on January 9th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

How Venezuela Could Impact Markets

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What’s in Today’s Report:

  • How Venezuela Could Impact Markets
  • Weekly Market Preview: Does Economic Data Start 2026 Goldilocks?
  • Weekly Economic Cheat Sheet: The Big-Three Monthly Economic Reports This Week

Futures are modestly higher despite more geopolitical volatility as the U.S. shocked the world and infiltrated Venezuela and arrested President Maduro.

Market reaction to Maduro’s arrest has been generally muted, however, including in the oil markets where oil is only slightly higher, as political change in Venezuela likely will mean more oil production, not less.

There were no notable economic reports overnight.

Today focus will be on geo-politics (any continued fallout from the Maduro arrest) and economic data, as we get our first important economic report of 2026, the ISM Manufacturing PMI (E: 48.4).  Stability remains the key for economic data as we start the new year, so an in-line or slightly better number will be welcomed by markets.

 

Sevens Report’s Tyler Richey Says Venezuela Tanker Seizure Won’t Spike Oil Prices

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Tyler Richey sees geopolitical risk rising, but limited impact unless exports are disrupted.

U.S. seizes oil tanker off Venezuela. Why one analyst says it’s ‘a smart move.’

Tyler Richey, co-editor of Sevens Report Research, said in an email Wednesday that disruptions to Venezuelan oil “would add another factor to the already present geopolitical fear” that has rattled the oil futures market for more than a year.

“The wild card to watch is whether or not Guyana’s oil production growth is impacted due to disputes over offshore oil resources” with Venezuela, Richey said. However, “barring a material impact on Venezuelan oil exports or Guyana oil production growth expectations, the price impact on oil should be limited.”

Also, click here to view the full article published in MarketWatch on December 10th, 2025. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.