Oil prices declined on Tuesday as markets assessed the possibility of increased Venezuelan crude production after the US captured the Latin American country’s president, Nicolás Maduro, reinforcing expectations of abundant global supply this year amid a subdued demand environment. Brent crude futures slipped 0.2% to $61.62 per barrel by 0103 GMT, while US West Texas…
China’s export controls China is currently the world’s biggest exporter, with a trade surplus above $1 trillion. The country uses this dominance to flex its global power, imposing export controls to gain favorable outcomes. In the past two years, China has imposed export controls on critical minerals such as gallium, germanium, graphite, rare earths, and…
US bombing in Venezuela has created ripples across the world, with President Donald Trump saying on Saturday that his country planned to tap Venezuela’s vast oil reserves to sell to other nations. Trump’s overthrow of President Nicolas Maduro in the oil-rich nation is however unlikely to translate into higher crude production, according to experts. Venezuela…
