The United States’ seizure of Venezuela’s president, Nicolas Maduro, has the potential to reshape the global oil market, as America gains effective control over a country with the world’s largest proven oil reserves, analysts said.
While crude prices may rise marginally in the short term, the move could boost long-term supplies and tighten the US’ grip over the oil market at a time when its position was starting to look more vulnerable, they said.
“Once the US gains control of the country,…
Source: US removal of Maduro has potential to reshape global oil market: analysts
