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The oil market in 2026 will not be about Venezuela but about OPEC+ cutting or not

Publicerad: 5 January 2026, 09:44

Lower this morning as Rodriguez opens for US cooperation.

Brent crude is down 1. 4% to USD 69.

95/b this morning.

The acting president in Venezuela, Delcy Rodriguez, has struck a much more conciliatory tone and offered to cooperate with the US.

This reduces the risk for an extended embargo on Venezuelan oil exports with oil potentially flowing.

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The oil market in 2026 will not be about Venezuela but about OPEC+ cutting or not

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