Episode summary
Commodities in Flux After US Captures Venezuela’s Maduro | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 21 min
Summary
The day’s focus was the shock after the U.S. capture of Nicolás Maduro and the immediate scramble over who controls Venezuela and its oil future. President Trump said the U.S. needs “total access” to Venezuela and insisted, “We’re in charge,” while also signaling he could work with acting president Delcy Rodríguez if she cooperates. The host and guests framed the policy as improvised but rooted in a larger effort to secure U.S. leverage in the region.
The episode argued that any attempt to rebuild Venezuela’s oil industry would be slow, expensive, and uncertain. One analyst said restoring production could take about $100 billion and roughly $10 billion a year over a decade, while Bloomberg’s energy reporting said the market has largely shrugged off the immediate supply risk because Venezuela produces less than 1% of global crude. China condemned the U.S. move and warned against overthrowing Venezuela’s government, underscoring the geopolitical stakes.
Markets reflected the broader risk mood more than a direct oil shock. Gold climbed above $4,400 an ounce and silver rose sharply, while crude was little changed. The discussion also linked Venezuela to the administration’s wider regional agenda, including warnings to Colombia and renewed pressure on Greenland and China.
Key takeaways
- The host said Trump’s team sees Venezuela as a test of U.S. leverage, with the president declaring the U.S. needs “total access” and “We’re in charge.”
- An analyst said rebuilding Venezuela’s oil sector could require about $100 billion, including roughly $10 billion a year over the next decade.
- Bloomberg’s energy coverage said the oil market has largely dismissed the immediate supply threat because Venezuela produces less than 1% of global crude.
- China called the U.S. capture of Maduro a violation of international law and urged Washington to release him and negotiate instead.
- Gold and silver rallied on the geopolitical shock, but WTI crude was little changed around $57.29 a barrel.
Notable quotes
“We're going to run everything. We're going to run it, fix it. We'll have elections at the right time”
“President Trump says the US needs total access to Venezuela”
“I think overall, you just look at what is being produced out of Venezuela and they produce less than 1% of global supply”
“China expresses grave concern of the US seizing Nicholas Maduro and his wife and taking them out of the country”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager — And I'm Karen Moscow. Here are the stories we're following today. — Karen, we begin with the latest on the situation in Venezuela following an extraordinary weekend of air strikes in and around Caracus and the capture of President Nicolas Maduro. With questions swirling about what comes next, President Trump says the US needs total access to Venezuela.
We're going to run everything. We're going to run it, fix it. We'll have elections at the right time. But the main thing you have to face is a broken country. — President Trump spoke aboard Air Force One on his way back to Washington from Mara Lago where he oversaw the weekend strike. The president says the US will work with acting Venezuelan President Deli Rodriguez, though he says he has not spoken to her. Rodriguez put out a statement last night inviting the US to work with her on a cooperation agenda. It's a contrast to her initial reaction calling for Maduro's return as we hear from Bloomberg's Jill Disus.
Definitely a change in tone from her initial statements which were denouncing the actions of the US and calling for Maduro's return. But I think the really important thing to remember here is that I mean Trump seems um you know certainly content with leaving her in charge. So, you know, I'd kind of point to that as being uh potentially a factor there and in her now talking about cooperation.
It's Bloomberg's Jill Dus. As for Maduro, he is due to appear in Manhattan federal court today to face charges that could keep him and his wife behind bars for the rest of his life. A trial on narotism charges is not expected until next year.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- venezuela leadership
- venezuelan oil supply
- precious metals rally
- fed rate cuts
- oil flows to china
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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