A land dispute between Venezuela and Guyana has the potential to stir up risks in the oil market, but crude prices on Thursday continued to trade near their lowest levels in nearly six months.
“Unless war sirens start blowing, all the posturing between Venezuela and Guyana is ‘Much Ado About Nothing’ and impresses no one,” said Manish Raj, managing director at Velandera Energy Partners.
““Unless war sirens start blowing, all the posturing between Venezuela and Guyana is ‘Much Ado About Nothing’ and impresses no one.” ”
Voters in Venezuela on Sunday approved a referendum to claim sovereignty over a piece of land from neighboring Guyana, located in the oil-rich Essequibo region.
Venezuela has said the territory was stolen…
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