US Energy Secretary Wright thinks you'll see several hundred thousand BPD of additional Venezuelan oil production by year-end

Not yet satisfied by the changes at the IEA.

The remarks from US Energy Secretary Wright suggest an impending increase in Venezuelan oil production, with implications for global supply and potentially easing pressures on prices. This development is crucial as it could influence both WTI prices and broader energy market sentiment, depending on how the market interprets Venezuela's ability to ramp up production under current geopolitical constraints.