
What does Maduro’s capture mean for global oil prices? Will India be hit?
US President Trump announced plans for US oil companies to invest billions in Venezuela's oil sector after the capture of President Maduro, aiming to revive its struggling infrastructure. Experts say increased Venezuelan oil supply could pressure global oil prices, but significant output gains will take years due to infrastructure challenges. India is unlikely to be affected as it no longer imports significant Venezuelan crude; however, a US-led revival could help recover $1 billion in dues owed to Indian firms.