Crude oil prices had a rocky start to 2021. There are plenty of wildcards which will continue to fuel price volatility for the foreseeable future, the most notable being supply threats with global oil production expected to expand despite sharply diminished demand growth. One such event is whether Venezuela, after suffering one of the worst economic collapses witnessed outside of war, can rebuild its shattered energy sector and return to pre-2017 production levels to pump more than two million barrels per day.
Venezuela’s autocratic president…Could A Comeback In Venezuelan Oil Crash The Markets?
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