War and sanctions change balance of output in OPEC+ producers Russia, Iran, Venezuela

As the geopolitics of war continue to loom over the oil market, the outlook for three OPEC+ alliance members whose energy sectors have been hit by sanctions — Russia, Iran and Venezuela — are figured to evolve. Russia has been the primary focus of Western sanctions since it invaded Ukraine in February 2022, reducing the appetites of the US and…As the geopolitics of war continue to loom over the oil market, the outlook for three OPEC+ alliance members whose energy sectors have been hit by sanctions — Russia, Iran and Venezuela — are figured to evolve. Russia has been the primary focus of Western sanctions since it invaded Ukraine in February 2022, reducing the appetites of the US and…  Read More