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2025-12-15 10:57:00
[Geopolitical Tensions Push Up Oil Prices, Market Focuses on Potential Supply-Side Risks] 1. International oil prices rose in Monday's trading, with WTI crude currently up 0.5%, trading around $57.73 per barrel. Market analysts believe that the escalating tensions between the US and Venezuela have temporarily overshadowed market concerns about oversupply and the possibility of a peace agreement between Russia and Ukraine. Oil prices fell more than 4% last week due to concerns about oversupply. 2. An analyst stated, "Current market sentiment is quite complex. On the one hand, the prospects for peace negotiations between Russia and Ukraine are swinging between optimism and caution; on the other hand, the escalating tensions between the US and Venezuela have triggered market concerns about potential oil supply disruptions." 3. It is understood that Ukrainian President Zelenskyy held a five-hour meeting in Berlin on Sunday with the participation of a US special envoy, during which he proposed abandoning his bid to join NATO. Related negotiations continued on Monday. While the US special envoy stated that the talks achieved "significant progress," he did not disclose specific details. 4. Market calculations show that, affected by falling crude oil prices and currency fluctuations, Russia's oil and gas revenues in December may have declined significantly year-on-year. Analysts point out that if Russia and Ukraine ultimately reach a peace agreement, it could create conditions for Russia, currently under Western sanctions, to increase its oil exports. Furthermore, the United States recently seized a Venezuelan oil tanker and imposed new sanctions on shipping entities associated with Venezuela. According to shipping industry sources and data, Venezuela's oil exports have subsequently declined significantly.
