Venezuela, Trump and oil
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The capture of Venezuelan President Nicolás Maduro has reopened a question the oil market has largely sidelined for years: What changes if Venezuela’s oil industry begins to normalize under U.S. influence?
Analysts are braced for a $17.3 trillion oil price upheaval that could send shockwaves through the bitcoin price and crypto
Venezuela is sitting on 303 billion barrels of crude, and what happens to that stockpile is critical for oil prices.
Following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday, according to U.S. President Donald Trump.
"The physical global oil market situation remains the same. Oil prices have declined due to an oversupplied global oil market."
Investors were bracing for futures to start trading later on Sunday after the U.S. captured Venezuela’s President Nicolás Maduro.
Oil prices inched up on Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments after U.S. President Donald Trump seized Venezuelan President Nicolas Maduro,
Venezuela’s PDVSA has begun curbing crude production as storage capacity fills up following a U.S. blockade that has halted the country’s oil exports, Reuters reported Sunday, citing sources familiar with operations.