Newscasts - Venezuela's oil supply isn't a 'buy' signal for energy stocks

Lazard

06/01/2026 21:07

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_rvcznosn&referenceId=tag:reuters.com,2026:newsml_RW468006012026RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: Rohit Chopra, portfolio manager at Lazard Asset Management, said that despite U.S. President Donald Trump's hopes of getting top U.S. oil companies back into Venezuela, the past "weekend's development" did not present "just a buy-all-energy companies" stock scenario.

Short Link: https://lseg.group/4ppSOfe

Video Transcript:

This weekend's development is not just a buy all energy companies. I think what it is, is the development of understanding what does stabilization in Venezuela look like. The world right now is in a surplus of oil. The oil that's coming out of Venezuela is heavier, so requires higher complexity and more development in terms of refiners. But I do think that this is good for global inflation over time.