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Venezuela deal won't solve oil crisis from Hormuz disruption: Rystad Energy
Source: youtube.com
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War
Rystad Energy’s Chief Economist Claudio Galimberti said it will take “a few years” for Venezuela to significantly increase crude oil production. The outlook implies a longer-than-expected supply timeline, which is mildly negative for near-term oil supply expectations.
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mildly negative
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