In October, the US agreed to ease sanctions on Venezuela in exchange for progress toward a fair election next year. But Venezuela has not fully held up its side of the US sanctions deal, and now it is threatening to annex the oil-rich Essequibo region of neighboring Guyana.

David Goldwyn, president of Goldwyn Global Strategies LLC, joins to podcast to discuss the status of US sanctions on Venezuela and what comes next.

Stick around after the interview for Starr Spencer with the Market Minute, a near-term look at oil market drivers.

Capitol Crude is taking a break for the holidays. We'll be back with new episodes in January.