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Biden s Sanctions Relief Sends Signal to Brazil to Cozy Up to Venezuela

Biden s Sanctions Relief Sends Signal to Brazil to Cozy Up to Venezuela
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Reports: Blinken Hopes Brazil s Lula Helps Clean Up Mess in Venezuela

The United States reportedly hopes that Brazilian President Luiz Inácio Lula da Silva will use his “influence” to help Venezuela.

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Analysts unveil new oil-price predictions for 2024

Here s what could happen to crude oil prices for the rest of the year and beyond.

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Venezuelan oil production to swiftly decline under renewed U S sanctions

While it’s unclear whether the U.S. would restore a total ban or allow oil major Chevron Corp to hold limited operations in Venezuela, production could nevertheless drop to 600,000 or 700,000 bpd in a matter of months, according to said Fernando Ferreira, director of geopolitical risk at Rapidan Energy Advisors.

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Oil Prices Just Flipped into a Contango Pattern What It Is, and Why It s Worrisome

The current dynamics of demand and production indicate the oversupply could persist for a while, a bad sign for oil investors.

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