Increased pressure on Venezuela raises crude oil risk premium
pre-market1 source ↓written by the desknot a recommendation
Washington's seizure of a sanctioned tanker off Venezuela's coast is raising the risk premium for crude oil. Chevron is in talks with the Trump administration to maintain operations in Venezuela amid escalating sanctions. Meanwhile, Kurdistan's shift to a gas-backed power system is affecting electricity dynamics with Baghdad, further complicating the energy landscape.
Not investment advice. For informational purposes only.