US Operation in Venezuela Sparks Global Oil Market Scrutiny Amid Supply Concerns
1 day agoBusiness
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5 SourcesCaracas, Venezuela
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US Operation in Venezuela Sparks Global Oil Market Scrutiny Amid Supply Concerns

Global oil markets are closely watching Venezuela following a reported US military operation that allegedly captured President Nicolás Maduro. While international crude prices have remained steady near $60 a barrel, concerns exist about potential disruptions to Venezuela's significant oil reserves. Despite US sanctions limiting exports, American companies are expected to play a larger role. Venezuela's state oil company reports normal operations, though some port facilities sustained damage. India's refiners are unlikely to be significantly impacted due to prior exits from Venezuelan crude.

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