My Kanal24 interview with Nataly Lutsenko, who was in Kyiv, Ukraine on11Jan25, posted here 18Jan.. I explained:
— The stepwise manner in which different Venezuelan oil basins can start being brought to market rapidly while recovery and new production can proceed to more complex and higher-investment projects over time.
— How a joint USA-Ukraine campaign has been advancing stepwise to remove Russian oil from the market. The previous oil-price cap strategy failed and has now been replaced with an new strategy that involves stepwise removing Russian oil from markets, with the technical possibility of removing the great majority and even ruining the old West Siberian fields.
The return of Venezuelan oil to the market will allow the USA to remove Russian sea-terminal ports’ oil exports from the market, not just for the short while the present global oil market glut persists, but also over the longer term.
Tom O’Donnell – in Berlin
The Global Barrel 