Shares of the three major Chinese oil companies experienced a collective decline. At the time of writing, PetroChina (00857) fell by 3.99% to HKD 8.18; CNOOC (00883) dropped 3.2% to HKD 21.16; and SINOPEC CORP (00386) decreased by 1.28% to HKD 4.64. This movement follows news that the United States launched a military strike against Venezuela and detained President Maduro. Former President Trump explicitly stated that "major U.S. oil companies will invest tens of billions of dollars, focusing on repairing Venezuela's severely damaged oil infrastructure to help restore its production capacity and generate revenue," while also confirming that "the oil embargo on Venezuela remains fully in effect." Public data indicates that Venezuela possesses the world's largest proven oil reserves, but its current daily oil production is less than one million barrels, accounting for under 1% of global oil output. Goldman Sachs believes that, considering the extent of infrastructure degradation, any recovery in production will likely be "gradual and partial." However, should Venezuela's production increase significantly over the long term, combined with production growth from the United States and Russia, it would further elevate the risk of downward pressure on oil prices in 2027 and beyond.