Venezuela Power Shift Expected to Have Limited Short-Term Effect on Global Oil Prices
Analysts anticipate only modest movements in crude benchmarks following President Donald Trump’s removal of Venezuelan President Nicolás Maduro, concluding that ample global supply should mute any immediate shock to energy markets. Production Constraints Temper Market Reaction Venezuela, an Organization of the Petroleum Exporting Countries (OPEC) founding member, holds the world’s largest proven crude reserves. Despite […]