Oil price on global markets She went down. The inheritance impulse was a message by president Donald Trump of the planned acquisition of deposits belonging to Venezuela. Even 50 million barrels of sanctioned oil are expected to go to ports in the United States.
The massive drop in oil prices began on Wednesday, January 7th. According to current data, a barrel of West Texas Intermediate oil in deliveries on II costs at NYMEX in fresh York City $56.36, lower by 1.35 percent. This is simply a direct consequence of the decision Washington made to increase control of the oil manufacture in Venezuela.
U.S. president Donald Trump announced on Tuesday that the Venezuelan authorities would hand over 30-50 million barrels of "sanctioned oil". He besides announced that it would be up to him to usage the proceeds of the sale of natural material. "I am pleased to inform you that the Provisional Venezuelan authorities will hand over to the United States between 30 and 50 Million barrels of advanced quality, subject to oil sanctions" – wrote Donald Trump on the fact Social platform.
“This oil will be sold at marketplace price and I, as president of the United States of America, will control this money to guarantee that it is utilized for the benefit of Venezuela and the United States” – he added.
The U.S. president reported that he instructed the energy minister to immediately implement this plan and transport oil by ships straight to ports in the US. The amount of oil that Donald Trump is talking about may correspond to its two-month extraction, and the marketplace value of the natural material is about $1.8-3 billion. The U.S. besides demands the authorities in Caracas to limit ties with China, Russia, Iran and Cuba," ABC states, and specified actions, according to analysts, would mean a complete political reorganisation of the country.
Meanwhile, oil has been cheaper since the beginning of the fresh year after it scored the strongest yearly drop in quotations in 2025 in 5 years.
"In general, the fundamental prospects for oil prices stay pessimistic, suggesting that there is simply a possible for further declines in oil prices" – Warren Patterson, head of natural materials strategy at ING Groep NV, rated. Venezuela was erstwhile a power in oil production, but, as analysts indicate, in the last 20 years, the extraction of natural material has fallen sharply and now accounts for 1% of global supplies.
The decrease in oil prices is very slow reaching Poland. In our case, the final price is affected by much more factors, including horrendal taxes, imposed on the natural material by the greedy governments of Warsaw.
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