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Ninety One’s Capital Market Assumptions framework focuses on the key drivers of long-term performance. We do this to better understand possible future returns, enriching discussions with our clients.
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Investment Institute
Investment Institute
Podcast | Energy, geopolitics, and markets: reflections from Miami
Sahil Mahtani, Director of Ninety One’s Investment Institute, and Paul Gooden, Portfolio Manager for Global Natural Resources, discuss Venezuela and broader energy themes following the Goldman Sachs Global Energy Conference in Miami.
14 Jan 2026
Sahil Mahtani
Paul Gooden
The conference was scheduled at a fortuitous moment, with Venezuela moving to the centre of energy and policy conversations alongside wider questions around oil supply, sanctions, and capital allocation. US Energy Secretary Chris Wright and senior industry executives set out how Venezuelan oil and sanctions might evolve, while also addressing longer-term developments across global energy markets.
Sahil and Paul work through what stood out from the conference, linking Venezuela to themes including US power demand and grid constraints, LNG investment, shale productivity, offshore activity, and consolidation, including how markets might be impacted.
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