It would take time and billions of dollars to fix Venezuela's oil infrastructure
Crude oil remains under sustained pressure, with rallies viewed as selling opportunities amid persistent oversupply and soft demand. Both WTI and Brent show downside bias unless key resistance levels are reclaimed.
Rachel VanLandingham, Southwestern Law School Professor of Law and former JAG Officer, talks about the legality of the US seizing an oil tanker off the coast of Venezuela as well as their strikes against a Venezuelan boat in September, calling it a case for murder. She joins Joe Mathieu on 'Bloomberg: Balance of Power.
President Trump suggested the U.S. would keep the oil from the seized Venezuelan ship, but typically seized assets are sold. The U.S. government often sells confiscated goods and keeps the proceeds, experts said, including recent seizures of Iranian assets
Wendy Schiller, Professor of Political Science at Brown University, discusses the US's seizure of a sanctioned ship off the Venezuela coast, President Trump's latest approval rating drop, and the outlook for midterm elections. US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela, marking a serious escalation of tensions between the two countries.
The Organization of the Petroleum Exporting Countries left its oil-demand outlook unchanged as it prepares to pause output hikes in early 2026, but modestly raised its forecast for this year's supply growth from rival producers
Crude oil falls below key Fibonacci levels as Ukraine tensions, tanker seizures, and IEA demand outlook shifts pressure the market toward a bearish short-term view.
OPEC supply growth and key trendline breaks pressure natural gas and oil prices, raising downside risks as traders assess shifting market momentum.
WTI crude oil extended losses on supply glut fears and weak demand, while natural gas maintained a bullish structure supported by strong fundamentals and geopolitical tensions.
Oil rose in the early Asian session amid rising tensions between the U.S. and Venezuela.
The U.S. seized an oil tanker off the coast of Venezuela, President Donald Trump said Wednesday, in a move likely to ramp up tensions with the government of President Nicolas Maduro.
The move comes amid heightened tension between Washington and Caracas, and hours after the country's opposition leader left the country on a boat.