India, Jan. 4 -- The US military's capture of Venezuelan President Nicolas Maduro has sparked intense debate about oil and energy markets worldwide. While the operation was officially linked to criminal charges, President Donald Trump openly said that Venezuela's vast oil resources played a major role in US strategy.

With Venezuela home to some of the world's largest oil reserves, analysts and traders are now asking, Will this alter global oil production, pricing or supply chains?

Venezuela holds roughly 300 billion barrels of proven crude oil reserves, more than Saudi Arabia or the US, largely in the heavy crude fields of the Orinoco Belt. Despite this massive storehouse, output has fallen sharply over the decades because of mismanagem...