Can't explain the physiology perse because the interferences don't make sense. You can't have a change in venous saturation without changes in cardiac output or oxygen extraction (and therefore, consumption). These are all related to the Fick Principle:
VO2 (Oxygen Consumption) = Cardiac Output x Hgb x (SaO2 - SvO2)
You can see, in order for VO2 to be the same with a fixed CO, you can't have any change in the difference between the saturation of the arterial and venous systems.
I suppose if you had abnormal hemoglobin or a super high left shift of the Hgb disassociation curve (like in the setting of CO-Hgb) but in that case, the oxygen never leaves the Hgb, so the SvO2 is higher, not lower (in reference to the calculated value, not measured value)