What will impact the global oil market more: the collapse of Venezuela’s oil sector or the US exit from the Iran nuclear deal?
On this week’s Capitol Crude, Meghan Gordon and Brian Scheid talk with Amy Myers Jaffe, director of the Council on Foreign Relations’ energy security and climate program, answers that question. With millions of barrels at stake, Jaffe talks about the future of global oil market fundamentals as less and less Venezuelan crude flows onto the world market and countries and companies prepare for the re-imposition of strict US sanctions on Iran.
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