US EditionOil rises on fears of supply disruption as US-Venezuela tensions escalate
Sanctions and naval actions have led to a short-term squeeze on Venezuelan oil supplies, with potential regime change possibly increasing production to 2 million barrels per day, analysts say.
- U.S. President Donald Trump has increased military pressure on Venezuela, aiming for regime change, according to analysts who see Cuba as a related target.
- The White House is perceived to view Venezuela and Cuba together as ideological threats, linked to China's influence in Latin America.
- Control over Venezuela's oil, which has the largest reserves globally, is seen as a key goal for the U.S., potentially affecting Cuba's economy.
- Cuba has supported Venezuela amidst U.S. aggression, but analysts suggest its capacity to assist is limited.
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11 Articles
Channel News Asia
Oil rises on fears of supply disruption as US-Venezuela tensions escalate
TOKYO, Dec 15 : Oil prices rose on Monday, recouping part of last week's 4 per cent slide, as concerns over potential disruptions from escalating U.S.-Venezuela tensions outweighed lingering oversupply worries and the effects of a potential Russia-Ukraine peace deal. Brent crude futures rose 25 cents, or 0.4
Why U.S. action in Venezuela may also topple Cuba's regime
U.S. President Donald Trump’s second term in office has borne witness to a dramatic and unprecedented escalation in tensions between the U.S. and President Nicolás Maduro’s Venezuela. The White House has deployed a naval task force towards Venezuela and destroyed over 20 boats with the purported aim of preventing the flow of narcotics to American shores. However, many view the buildup as a pretext for regime change; Trump has repeatedly suggeste…
Oil Prices Rise Globally Amid Escalating Tensions Between the U.S. and Venezuela
Oil prices rose on Monday, recovering part of last week’s 4% decline, as concerns over potential production disruptions stemming from escalating tensions between the United States and Venezuela outweighed ongoing worries about oversupply and the possible impact of a peace agreement between Russia and Ukraine.
Oil prices rose again as supply disruptions related to escalating tensions between the US and Venezuela outweighed concerns about oversupply and the impact of a potential peace agreement between Russia and Ukraine, RBC-Ukraine reported, citing Reuters. Brent crude futures rose 33 cents, or 0.54%, to $61.45 per barrel, while West Texas Intermediate crude rose 31 cents, or 0.54%, to $57.75 per barrel. Both contracts had fallen more than 4% in the …
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