Oil prices unlikely to be hit in the near term following US capture of Venezuela’s Maduro

Pipelines and an oil pump jack are seen in an oil field near Lake Maracaibo in Venezuela. Most analysts believe oil prices will continue to fall through 2026 amid a global supply glut.

PHOTO: REUTERS

Ovais Subhani

Follow topic:

SINGAPORE – The

removal of Venezuelan President Nicolas Maduro by the United States

in a stunning military operation is unlikely to have meaningful near-term impact on global crude oil prices, analysts said.

Hence, Singaporeans who own petrol-powered cars need not worry for now.

Oil prices unlikely to be hit in the near term following US capture of Venezuela’s Maduro

Follow topic:

See more on