US Action in Venezuela Revives Oil Risk Premium Amid OPEC Meeting
20 hours agoBusiness
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US Action in Venezuela Revives Oil Risk Premium Amid OPEC Meeting

The United States' capture of Venezuelan President Nicolas Maduro has reintroduced a geopolitical risk premium into oil markets, shifting focus back to crude prices. While this action injects uncertainty, analysts suggest a longer-term possibility of Venezuelan supply returning under U.S. oversight. This development occurs as OPEC producers, accounting for half the world's oil, are expected to maintain steady output despite internal tensions and the U.S. action. Venezuela possesses vast oil reserves, but production has significantly declined due to mismanagement and sanctions.

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