๐จ SHOCKING OIL UPDATE: Venezuela Ships First Crude Cargo to Israel ๐ป๐ช๐ข๏ธ๐ฎ๐ฑ
Venezuela has just sent its first crude oil shipment to Israel in years after reopening its oil export sector under the new interim government following the ouster of Nicolรกs Maduro. (Bloomberg.com)
๐ก Why this is huge:
โข This marks the first Venezuelan oil export to Israel since 2020, signaling a major shift in trading relationships. (The Jerusalem Post)
โข The cargo โ reportedly heading to Israelโs Bazan Group refinery โ comes as Venezuelan exports ramp up under U.S. supervision after sanctions were eased. (gCaptain)
โข Venezuela is projected to ramp production back toward pre-embargo levels (~1.1โ1.2M bpd) by mid-2026, further boosting global supply. (Reuters)
๐ Geopolitical & Market Impact:
โข A NATO partner (Israel) importing Venezuelan crude is a major energy-diplomatic pivot. (The Jerusalem Post)
โข Oil markets could react through refining margins, Brent/WTI pricing, and shipping flows as Venezuelan barrels re-enter global trade. (gCaptain)
โข Traders should monitor OPEC+ output, production data, and geopolitical news for ripple effects in energy and commodities.
#OilUpdate #venezuela #EnergyMarkets #GlobalTradeRisk #CrudeExports




