The shock overthrow of Assad in Syria has brought attention back to geopolitics in the Middle East, but fundamentals continue to weigh on oil prices
Oil prices remain under pressure despite the recent developments in Syria , with oil market fundamentals countering geopolitical uncertainty.- Expectations for a weaker dollar in 2025-2026 are being gradually reconsidered as Donald Trump's re-election and the prospect of stronger-than-expected US economic performance improved the outlook of the greenback.
US oil major Chevron NYSECVX confirmed it had not held any discussions with the incoming Trump administration on its Venezuelan operations, having ramped up production above 200,000 b/d in recent months, almost 25% of the country's total.White House Lets Trump Decide on Oil Leases.
Oil Prices WTI Brent Syria Assad Geopolitics Demand
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