BiyaPay Analyst: Venezuela Turmoil Impacts Oil Market, Petroleum Stocks Plunge, Goldman Sachs Bearish on Long-Term Oil Price

BlockBeats News, January 5th. Due to the impact of the Venezuelan political situation, Hong Kong's "Big Three Oil Companies" collectively weakened on Monday, with CNOOC falling more than 4% and PetroChina and Sinopec synchronously trending downward. On the news front, the United States has taken military action against Venezuela and sent a signal for future deep involvement in its oil industry, causing the market to reassess the global oil supply-demand landscape.

Goldman Sachs pointed out that in the short term, the outlook for Venezuelan oil supply remains highly uncertain, as it may gradually increase production due to sanctions adjustments, or it may be further restricted due to ongoing turmoil. However, from a medium- to long-term perspective, if Venezuelan production continues to recover and is coupled with US and Russian supply growth, it will significantly increase downward pressure on oil prices. Goldman Sachs maintains a bearish view on Brent crude in the medium term.

BiyaPay analysts believe that the current oil market is transitioning from "geopolitical premium" to "supply reassessment," and energy asset volatility may intensify. During this rising uncertainty phase, cross-market allocation and the flexible use of tools such as futures and contracts will be key to managing energy cycle changes. BiyaPay supports trading crude oil, precious metals, US and Hong Kong stock futures, and multi-market trading using USDT, making it easier for investors to seize structural volatility opportunities.