Maduro Capture Unlikely to Disrupt Global Oil Market Amidst Oversupply Forecasts
1 day agoBusiness
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Maduro Capture Unlikely to Disrupt Global Oil Market Amidst Oversupply Forecasts

The capture of Venezuelan President Nicolas Maduro following US airstrikes is not expected to significantly impact the global oil market. Venezuela's oil infrastructure remains operational, and its current output is a small fraction of global supplies. Despite the geopolitical development, forecasts of global oversupply suggest market stability. US oil companies may assist in rebuilding Venezuela's infrastructure, though this is considered an ambitious and distant prospect.

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