Vi e w p o i n t | 05 Jan 2026 05:31:47 ET │ 10 pages Oil Monitor Venezuela 'quarantine', Iran protests, Russia/Ukraine escalation, supportive for oil for now, likely net bearish longer term CITI'S TAKE Our baseline view is that we are likely to continue losing Venezuelan barrels from the global market, a net bullish factor, until a deal is done between the US administration and the current (or future) leadership of Venezuela. Ultimately, we expect a deal scenario is likely, but this could take months or lo ...

Oil markets are focused on Venezuela tensions and the suspension of crude oil loadings at Kazakhstan's CPC terminal. Venezuela Starts Cutting Production as Trump Ratchets Up His Strangling Strategy - Donald Trump’s maximum pressure strategy on Venezuela is finally starting to impact Venezuela’s oil production, with state oil company PDVSA beginning to shut down wells in the Orinoco Belt amidst swelling inventories and ongoing tanker seizures. - Venezuela’s oil production has been continuously growing i ...

- christian hartmann/Reuters The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1406 ET – Crude futures end a shortened pre-Christmas session with little change as U.S. actions to contain Venezuela’s oil trade and continuing Russia-Ukraine tensions provide support against views of oversupply. The Venezuela blockade is the main focus going into the holiday weekend, Dennis Kissler of BOK Financial says in a note. “While the ...

The president planning to go to the Middle East to mark the Israel Hamas peace deal in the next few days. Joining us to talk about how a cooling of tensions in the Middle East might impact the energy markets is Haleem Croft, RBC Capital Markets managing director, global head of commodity strategy. Haleem, good to see you.Thanks for the help today. >> Thank you for having me on. I >> I wonder what you make of the the action in oil.Uh yesterday some were taken back that there really wasn't much, but that's cl ...

J P M O R G A N Global Commodities Research 12 June 2025 Oil Markets Weekly 7% probability of something that has never happened Oil surged as much as 5% on reports that the US embassy in Iraq is preparing to be evacuated in response to heightened security risks in the region. Concurrently, the US State Department announced plans to order non-essential embassy personnel and their families to leave Bahrain and Kuwait, and the British Navy issued a rare warning to ships in the region, stating it "has been made ...