Oil Matters Episode 57: Orinoco Show
Venezuela Crisis Sends Shockwaves Through Oil Markets
The latest episode of Oil Matters unpacks the dramatic drop in crude futures and the geopolitical turmoil reshaping global energy markets. From Venezuela’s political upheaval to the shifting dynamics in global oil markets, this episode delivers the insights you need.
Watch this episode to explore:
- Why Brent and WTI futures plunged to multi-month lows—and what it means for global pricing.
- How physical crude prices stayed resilient despite market volatility.
- The real impact of US military action in Venezuela on global oil markets.
- Why OPEC+ chose to hold production steady—and what’s behind that decision.
- How Venezuelan crude could disrupt heavy/sour flows to the US Gulf Coast.
Orinoco Show
Geopolitical shocks have buffeted crude oil markets since mid-December, culminating in last weekend's capture of Venezuela's President by US forces.
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