Trump's Tariffs on Venezuelan Crude Spark Bullish Sentiment in Oil Markets ...Middle East

Trump's decision to place sanctions on any country buying Venezuela's oil has sparked some bullishness in oil markets this week.- As London-based energy major Shell (LON:SHEL) issued its 2024 annual report ahead of this year’s Annual General Meeting, its general pivot back to fossil energy set the stage for other companies to follow suit.- In line with higher shareholder returns in the US, Shell hiked its distribution target to 40-50% of operations cash flow, up from the current 30%-40% range, whilst also trimming its investment budget by…

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