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-0.000403063280935084 0.000644901249496272 0.000806126561870282 -0.000161225312374011 0.000241837968561073 8.06126561870626E-05 -0.000403063280935084 -0.000322450624748021
Stock impact report

Trump's Venezuela Gambit Could Erode OPEC's Clout in Oil Markets [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
OPEC's efforts to continue influencing global oil supply and prices could be further undermined by the U.S. intervention in Venezuela and President Donald Trump's idea to control the oil industry of the world's biggest crude resource holder. OPEC member Venezuela is estimated to hold 303 billion barrels of crude oil, more than each of its fellow OPEC producers, Saudi Arabia, Iraq, Iran, or the United Arab Emirates (UAE). The U.S. controlling the Venezuelan reserves, and U.S. companies investing in recovering the struggling oil industry in the South American country could seriously tip the scale of energy market dynamics to U.S. favor. This would undermine OPEC's influence on the global oil markets, analysts say. Any meaningful recovery of Venezuela's oil supply, which is currently at less than 1% of global daily demand, would need billions of U.S. dollars , probably upwards of $100 billion, in investments, and years to take hold. And that's considering that there will be solid Show less Read more
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