Last week’s toppling of Nicolás Maduro by the United States will have a major impact on international energy markets. Donald Trump has committed US oil companies to billions of dollars in expenditure to rebuild Venezuela’s damaged oil infrastructure and increase production. Caracas and Washington have also reached a deal to export up to 50 million barrels of Venezuelan oil worth up to $2 billion to the United States, effectively diverting supplies from China.

Two sources provide thought-provoking comment on the matter.

On Reuter’s Econ World podcast, host Carmel Crimmins is joined by Reuters Energy Columnist Ron Bousso to discuss the implications of the takeover and why the world may be entering a new era of resource competition. Listen here.

Alternatively, read this analysis from Aurora Energy Research.