Matt Badiali How Oil Prices Can Be Impacted By Geopolitical Conflict


There is no denying that the oil market is volatile. Based on the current geopolitics there may be some significant changes taking place in the oil sector. Oil has also undergone a noticeable increase in the last few months. Matt Badiali understands that anyone who decides to invest in oil must carefully consider the impact that geopolitics may have on trade and oil prices.

One of the most significant changes that is taking place is the cancellation of the Iran deal. Iran benefited from access to frozen assets in exchange for scaling back their nuclear program during President Barack Obama’s presidency. As a result, the country was able to sell up to 3.8 million barrels of oil per day. Matt Badiali comprehends the end of the deal can significantly impact the global economy. Iran will no longer be able to freely participate in the global marketplace. In addition, countries such as Russia and China have voiced their dissatisfaction with the rescinding of the agreement. This may add to additional conflicts in the future between the United States, China and Russia. Read more at prnewswire.com to know more.

The middle east is also facing an increase in conflict between Yemen and Saudi Arabia. The rebels and terrorists in Yemen have taken over key cities. As a result, Saudi Arabia has decided to intervene in Yemen’s conflict. This had led to an increase in border conflicts and escalations. If the problems between Yemen and Saudi Arabia continue to increase oil prices and production can be significantly impacted.

Matt Badiali has also carefully observed the conditions of Venezuela. The country is currently facing a severe economic crisis, inflation and geopolitical tension. Lack of resources and production has led to a decrease in the country’s oil production. In 2014, Venezuela had 80 rigs of oil a day. By the end of 2018 the number is expected to decrease to only 40 active rigs. A more alarming comparison is the production of oil in 1997. Venezuela produced 3 million barrels of oil per day in 19987 and will only be able to produce 1.2 million by 2018.

For those who are seeking expert advice on investments. Matt Badiali is an excellent resource. His articles provide a unique viewpoint on a wide range of issues including oil prices. Readers can be assured that they will receive well researched information and first-rate investment advice. Specifically, in the areas of natural resources. Visit: https://dailyreckoning.com/freedom-checks-exposed/

 

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