Oil prices fell back slightly on the news of easing tensions between Venezuela and the U.S., but Biden's trip to Israel will keep oil markets on edge.
Oil prices have fallen back slightly on the news that the U.S. plans to ease sanctions on Venezuela's oil exports, but geopolitical tension in the Middle East will keep oil markets on edge.Chart of the Week- Qatar has been actively leveraging fears over energy security in the long run with decades-long term LNG supply deals still only covering a third of its incremental production from the North Field East and North Field South expansions.
2 billion buyout bid for Australia’s Liontown Resources after Australia’s richest person Gina Rinehart raised her stake in Liontown to 19.9%, seeking to block the A$3 per share takeover.Lebanon Block 9 Sees No Gas Discoveries. Lebanon’s energy minister confirmed that exploratory drilling at the country’s offshore Block 9 yielded no hydrocarbon discoveries, pouring cold water on the plans of TotalEnergies NYSETTE and ENI BITENI in the Eastern Mediterranean.
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