Low prices, high stakes in the Caribbean
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Low prices, high stakes in the Caribbean
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The US has ramped up its naval presence in the Caribbean, following several strikes against suspected drug smuggling vessels off the coast of major oil producer Venezuela. Yet oil prices have barely budged as Latin American production continues to ramp up. What is the role of Guyana and Argentina's emerging crudes, and how do flows to destinations like India fit into Trump's strategy? How are Permian operators responding to sustained low prices?
Jeff Mower unpacks how low oil prices play into the Trump administration's military push in the Caribbean, along with Latin America oil markets reporter Jada Johnson and senior news reporters Ashok Dutta and Eamonn Brennan.
Links:
Vasconia FOB Colombia PCAGI00
Castilla Blend FOB Colombia AAVEQ00
Golden Arrowhead FOB Guyana GOLAH00
Liza FOB Guyana ALIZA00