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How US action on Venezuela effects European oil prices

How US action on Venezuela effects European oil prices

The Pat Kenny Show vor 7 Monaten

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11:42

Oil prices are shaped as much by politics as by supply and
demand, and so events thousands of kilometres away can still hit
close to home. In recent weeks, renewed action by U.S. president
Donald Trump against Venezuela has once again put the country’s
vast oil reserves at the centre of global attention.

While Ireland doesn’t buy Venezuelan oil directly, moves in
Washington can still ripple through European energy markets,
influencing prices, volatility and fuel costs. So how could
political decisions in the United States affect what drivers,
households and businesses here in Ireland end up paying?

CEO of Henderson Risk Group, Duncan Bullivant joined Pat Kenny on
the show to discuss.