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Oil Markets on Edge After US Attack on Venezuela
US military action led to the arrest of Venezuela's leader and aims to access the world's largest proven oil reserves of 304 billion barrels, influencing global oil prices.
- On Saturday, US forces struck Venezuela after President Donald Trump ordered military action, culminating in the arrest of Venezuelan leader Nicolás Maduro and his wife.
- Venezuela holds approximately 304 billion barrels, the world's largest proven oil reserves, but heavy and extra-heavy crude, international sanctions, and poor infrastructure limit the Venezuelan oil sector's exportability.
- US oil companies weighing drilling decisions face a dilemma: tapping Venezuelan reserves could increase global oil supply, but added output may depress prices and reduce their profits.
- The immediate market focus will be on crude price moves as futures traders react when markets reopen, while crude oil prices directly influence American consumers’ pump costs.
- Crude prices have fallen markedly since the beginning of last year, and analysts cite three factors that may limit the raid's near-term price impact, including sanctions and infrastructure.
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US President Trump says openly that he is talking about lucrative business in Venezuela. But there are still questions: What is the state of the oil industry there? And why is it interesting for the US? An analysis with satellite images and graphics.
·Munich, Germany
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Will the Us Attack Affect Oil Prices? in the Longer Term, There Is One Focus Point to Keep an Eye On
In the short term, the market will probably react mutedly to the US action in Venezuela, while in the longer term it could result in lower and more stable oil prices, says a chief analyst. But that depends on several things.
·Aarhus, Denmark
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I am convinced that now – about what is happening in global politics – everyone has finally understood that international law no longer exists. It is no longer”, writes Russian ideologist Aleksandr...
·Romania
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Total News Sources17
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 37% Center
Bias Distribution
- 38% of the sources lean Left, 37% of the sources are Center
38% Left
L 38%
C 37%
R 25%
Factuality
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