🚨 Global Oil Update — Markets on the Edge 🚨
It has been confirmed that a second ship near Venezuela is now owned by China, and the shipment was large, approximately 1.8 million barrels of first-grade Venezuelan crude, Miri 16, heading towards China. This was not just a shipping issue; it sent a strong signal. Miri 16 is the most expensive oil in Venezuela and is widely used by complex oil refineries. Losing this volume is not a minor issue; it creates real pressure on supplies. Looking at the bigger picture, U.S. oversight of Venezuelan oil flows is increasing, while China remains deeply involved in global energy trading, and oil markets are increasingly influenced by political and strategic decisions. It's no longer just about supply and demand; it's about influence, control, and oversight of major energy routes. Markets react quickly, not slowly. When supply tightens, risk is repriced immediately. The result is upward pressure on crude oil prices, a higher geopolitical risk premium, and renewed volatility in energy-related assets. Energy has once again become a strategic asset, not just a simple commodity. When shipments are disrupted, supply becomes tighter, and markets feel the strain. Keep an eye on global routes, political signals, and most importantly... price movements. $LIGHT $ACT $FOLKS
