Tag: oil supply
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Oil Prices Edge Higher on US Inventory Draw and Venezuela Watch
Oil Sways on Inventory Draw and Venezuela Spotlight Oil prices edged higher on Thursday following a brief retreat, supported by a larger-than-expected draw in US crude inventories. Investors are weighing short-term supply dynamics against ongoing geopolitical risk, particularly developments surrounding Venezuela. The move higher comes as traders digest data from energy reports and reassess the…
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What the US Strike in Venezuela Could Mean for Gas Prices and Oil Markets
Overview: A Disruptive Event in a Major Oil Provider Any sustained disruption in Venezuela’s oil operations can ripple through global energy markets. Venezuela holds one of the world’s largest proven oil reserves, though its production has been constrained by decades of underinvestment and political turmoil. A significant U.S. strike, whether executed to target oil infrastructure,…