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Oil Market

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US secures 30% premium on Venezuelan crude after Maduro's capture
business1 month ago

US secures 30% premium on Venezuelan crude after Maduro's capture

The U.S. Energy Secretary says Washington is achieving about a 30% higher realized price for Venezuelan crude than three weeks ago, as the first post‑Maduro sale of roughly $500 million proceeds and more oil sales are expected. President Trump has floated handing over sanctioned Venezuelan oil (30–50 million barrels) with proceeds benefiting both nations, and investors are watching for ongoing investments in Venezuela’s energy sector amid political uncertainty. Global oil markets show modest moves as investors digest the developments.

U.S. and Maduro's Venezuela Strategies Signal Ongoing Tensions in Oil Markets
world1 month ago

U.S. and Maduro's Venezuela Strategies Signal Ongoing Tensions in Oil Markets

The potential overthrow of Venezuelan President Maduro is unlikely to significantly impact global energy markets in the short term due to existing oversupply and weak demand, despite geopolitical tensions and Venezuela's vast oil reserves. Analysts suggest that while some disruption is possible, it won't cause a major price surge, and future developments could even lead to increased oil production if sanctions are lifted and foreign investment resumes.

Oil Prices Steady Amid Supply Risks and Geopolitical Tensions
business2 months ago

Oil Prices Steady Amid Supply Risks and Geopolitical Tensions

Oil prices dropped over $1 per barrel due to concerns about a global supply glut and reduced war risk premiums, amid ongoing hopes for a Ukraine peace deal that could impact sanctions and oil supply. Despite recent rebounds from lows, prices are on track for their steepest annual decline since 2020, with supply exceeding demand and geopolitical factors influencing short-term prices.