Sources say India will continue to import baseload volumes of Russian crude rather than halting imports entirely, in agreement with the US.

While the political environment in Venezuela remains in flux, the US is advancing its energy agenda. US firms have cautiously signaled investment interest, but is likely contingent on political stability, physical security, sanctions removal and attractive fiscal terms. At the same time, Washington’s plan to restore the Venezuelan oil sector will need to include PDVSA, which relies on a network of partners. A review of this cobbled competitive landscape may be on the table. We expect Caracas to advance short-term energy policy changes, but long-term investment clarity will be needed.

From power plants to parked cars, the electricity grid is evolving into an AI-managed ecosystem, leveraging responsive demand and distributed EV storage.