Energy

What U.S.-Venezuela Oil Deal Is – And Is Not - About - Forbes

Source: Forbes

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DW NOTE

The Strait of Hormuz has been shut since February and global oil supply is down 4% this year, yet oil prices have fallen 25% from their highs. When scarcity doesn't produce scarcity pricing, someone has found alternate supply. Venezuela has the world's largest proven reserves and spent a decade under sanctions. Connect the dots.

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