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

OILPRICE - Economy
Trumps Tariffs on Venezuelan Crude Spark Bullish Sentiment in Oil Markets
source : OILPRICE ( Middle East ) () 52
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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