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OPEC presses pause
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
The looming risks of a US-Venezuela war
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
Letter from Saudi Arabia: US-Saudi energy ties enter a new phase
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
The duality of US shale
A sector beset by pessimism and pain amid price weakness contrasts with data signalling production strength and resilience
OPEC+ nears output targets amid unsolved riddles
OPEC+ has proven to be astute at bringing back oil production, but mysteries around Chinese buying, missing barrels and oil-on-water have left the group in wait-and-see mode
OPEC+ exposes its producers’ limits
Saudi Arabia, the UAE and Iraq appear to be only members able to increase output as Russia approaches close to maximum capacity
Fear and loathing in US LNG buildout
Overall gas optimism is blighted by concerns over lingering regulatory and infrastructure hurdles that could hamper expansion of US LNG exports, weaken security and stifle AI ambitions
Deepwater’s race against time
E&Ps are on the lookout for the next big deepwater discovery amid questions over the Guyana and Santos basins, but technological advancements provide optimism
Venezuela US Donald Trump Opec
Justin Jacobs
30 August 2017
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Venezuela's combustible crisis

President Nicolás Maduro's power grab has plunged the nation deeper into despair. What's the end game?

The latest dispatches from Venezuela often come in the form of shaky phone-shot videos uploaded to social media. There was the surreal footage in June of a commandeered police helicopter hovering over the Caracas skyline with rogue officers lobbing grenades at the nation's Supreme Court and exchanging gunfire with guards. On 1 August, just hours after polls closed for President Nicolás Maduro's controversial constituent assembly election, Antonio Ledezma's family posted footage of the opposition leader being shunted from his house by a team of intelligence agents in the middle of the night. A few days later, bystanders captured an apparent rebellion at the Fuerte Paramacay military base in V

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