Oil Prices Surge Amid Venezuela's Political Shift
Update: 2026-01-04
Description
Oil prices expected to rise as Venezuelas oil exports plummet due to U.S. blockade, but global supplies remain ample, limiting short-term impact. Chevron continues exporting with U.S. approval, but embargo remains. Tensions rise with threats against Iran protests, OPEC plus allies hold steady on output. Venezuelas political shift under interim government keeps producers cautious, uncertainty looms.
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