Venezuela — probable futures

Forward‑looking scenarios concerning Venezuela and its globally‑connected markets.

30 scenarios tracked, ranked by probability. Each carries our model odds, the live crowd price, and the markets it moves.

52%1–3 years
What if Venezuela reopening drags Gulf-Coast heavy-crude spreads?
mixed
50%1–3 years
What if Venezuela dollarization stabilizes the economy?
risk-on
46%1–3 years
What if Venezuela debt restructuring revives defaulted bonds?
risk-on
46%1–3 years
What if Venezuela transition opens reconstruction investment?
risk-on
45%6–18 months
What if Venezuela hyperinflation re-accelerates as bolivar collapses?
risk-off
44%6–18 months
What if Venezuela transition fragments, migration surges north?
risk-off
40%1–3 years
What if Venezuela-Guyana clash pulls in US carrier group?
risk-off
40%6–18 months
What if Heavy-sour glut widens discounts as upgraders run flat-out?
mixed
39%0–6 months
What if Venezuela's inflation re-accelerates and forces another redenomination?
risk-off
38%1–3 years
What if Venezuela-backed influx destabilizes Trinidad and Guyana?
risk-off
36%1–3 years
What if Venezuela-Guyana ICJ ruling defuses Essequibo?
risk-on
31%0–6 months
What if US sanctions block Venezuela's $5.9bn Citgo sale?
risk-off
29%1–3 years
What if Sanctions relief reopens a major economy to trade?
risk-on
21%6–18 months
What if Sanctions snapback removes Venezuelan barrels again?
risk-off
20%0–6 months
What if the US imposes full secondary sanctions on Venezuelan crude?
risk-off
20%1–3 years
What if Venezuela normalization and return relieve regional strain (good)?
risk-on
19%6–18 months
What if Venezuela sanctions snapback strips 0.8 mb/d of heavy crude?
risk-off
18%6–18 months
What if Venezuela migration wave strains Colombia and Peru fiscally?
risk-off
15%0–6 months
What if Venezuela sanctions relief sticks, Chevron crude returns?
mixed
15%6–18 months
What if Venezuela strikes Stabroek, hitting ExxonMobil oil?
risk-off
15%1–3 years
What if Essequibo annexation push escalates with Guyana?
risk-off
15%6–18 months
What if Colombia-Venezuela border flares with armed groups?
risk-off
14%6–18 months
What if Venezuela oil sabotage spikes amid power struggle?
risk-off
13%1–3 years
What if post-Maduro Venezuela splinters into an oil war?
risk-off
11%6–18 months
What if Venezuelan heavy crude exports collapse back toward 2020 lows?
risk-off
11%1–3 years
What if a surge of sanctioned Venezuelan and Iranian barrels floods an oversupplied oil market?
risk-off
11%1–3 years
What if re-imposed US sanctions on Venezuelan oil tighten the heavy-sour crude market?
risk-off
9%6–18 months
What if Venezuela invades Guyana to seize its oil?
risk-off
8%6–18 months
What if loss of medium-sour barrels from Iran and Russia leaves refiners short of the grades they need?
risk-off
6%1–3 years
What if a Latin American resource dispute disrupts commodity supply?
risk-off