Oil Prices Stabilise
Oil markets have steadied after recent losses as the US steps up action to restrict Venezuela’s oil sales, including the seizure of two tankers.
| Updated: 12d ago
Oil prices have stabilised after sliding in recent sessions, as fresh developments involving Venezuela draw the attention of global energy markets.
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Senior US officials said yesterday that Washington needs to tighten control over Venezuela’s oil sales and revenue, arguing the move is necessary to help stabilise the country’s fragile economy.
The comments came as the US seized two oil tankers linked to Venezuela in the Atlantic Ocean, signalling a tougher stance on enforcement and adding to ongoing geopolitical uncertainty in the energy sector.