WS #10675
Death toll from Venezuela twin earthquakes rises to 164; US pledges aid amid partial sanctions relief, limited direct US market impact but potential oil supply disruption. UAE's reported May 1 OPEC exit would reduce OPEC's crude share from 35% to 31%, weakening quota discipline and potentially adding $5-$10/bbl downside pressure on oil. Ukraine drone strikes hit two Bashneft refineries in Ufa and Poltavskaya oil depot, causing fires; adds downward pressure on Russian oil supply but limited global impact.
Venezuela earthquake aftermath
Death toll from Venezuela twin earthquakes rises to 164; US pledges aid amid partial sanctions relief, limited direct US market impact but potential oil supply disruption.
UAE's reported May 1 OPEC exit would reduce OPEC's crude share from 35% to 31%, weakening quota discipline and potentially adding $5-$10/bbl downside pressure on oil.
Ukraine drone strikes hit two Bashneft refineries in Ufa and Poltavskaya oil depot, causing fires; adds downward pressure on Russian oil supply but limited global impact.