Missiles, Maduro And Oil: How Venezuela’s Collapse Sparked Fears Of A Global Crude Super Glut

In a dramatic overnight shift, a U.S. missile strike and the political collapse in Venezuela have upended the global oil narrative. A country holding nearly 20% of the world’s crude reserves is suddenly back in focus, even as markets brace for a looming oil super glut. With sanctions easing and Washington setting the terms of re-entry, fears have flipped from supply disruption to excess. The International Energy Agency warns surplus production could soar in 2026, dragging prices lower. While exporters face pressure, oil importers like India stand to gain, turning cheaper crude into a powerful economic stimulus.