Tag Archives: Venezuela

Is there any way that politics could influence global oil prices (in either direction)? Or do we have to accept the market’s and a cartel’s (OPEC) dominance?

Over the last 12 months, oil prices in global markets have been volatile. This has been a problem for some (Russia, Saudi, Venezuela), and a blessing for others (China and India). For some governments, the Russian government in particular, falling oil prices pose a serious threat.

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