logo

BiyaPay Analyst: Venezuela Turmoil Impacts Oil Market, Petroleum Stocks Plunge, Goldman Sachs Bearish on Long-Term Oil Price

By: theblockbeats.news|2026/01/05 19:16:04
0
Share
copy

BlockBeats News, January 5th. Due to the impact of the Venezuelan political situation, Hong Kong's "Big Three Oil Companies" collectively weakened on Monday, with CNOOC falling more than 4% and PetroChina and Sinopec synchronously trending downward. On the news front, the United States has taken military action against Venezuela and sent a signal for future deep involvement in its oil industry, causing the market to reassess the global oil supply-demand landscape.

Goldman Sachs pointed out that in the short term, the outlook for Venezuelan oil supply remains highly uncertain, as it may gradually increase production due to sanctions adjustments, or it may be further restricted due to ongoing turmoil. However, from a medium- to long-term perspective, if Venezuelan production continues to recover and is coupled with US and Russian supply growth, it will significantly increase downward pressure on oil prices. Goldman Sachs maintains a bearish view on Brent crude in the medium term.

BiyaPay analysts believe that the current oil market is transitioning from "geopolitical premium" to "supply reassessment," and energy asset volatility may intensify. During this rising uncertainty phase, cross-market allocation and the flexible use of tools such as futures and contracts will be key to managing energy cycle changes. BiyaPay supports trading crude oil, precious metals, US and Hong Kong stock futures, and multi-market trading using USDT, making it easier for investors to seize structural volatility opportunities.

-- Price

--

You may also like

From OKX to Bybit, exchanges are changing tires on the highway at high speed

In the current context of tightening global regulations, if one can directly enter the market with a partner that has already established a compliance system, obtaining federal license endorsement, the credibility of a listed company, and access to banking cooperation channels, the cost is merely gi...

A Brief History and Future of Perpetual Contracts

Decentralized perpetual contract exchanges, such as Hyperliquid, are replacing traditional derivatives with structural advantages, becoming trillion-dollar financial platforms that attract global assets.

AI Agent Gets ID and Wallet on the Same Day | Rewire News Morning Brief

Agent infrastructure for the economy is forming faster than anyone expected

IOSG: Power Flexibility Paradigm Shift: From Macro Assets to Distributed Intelligence Layer

The power system is being asked to perform a task it was not designed to do.

Murata 35% Price Increase Explained: A Capacitor that Gives AI Empire a Cold

Choosing to raise at this point in time has a clear financial incentive

MiniMax: A Henan County Youth and His 300 Billion

Money, cards, and people were scarce, yet it spurred the highest levels of engineering prowess and architectural innovation.

Popular coins

Latest Crypto News

11:42

Plasma Engineering Leader: Plasma One is committed to creating a stablecoin payment gateway, and the product has entered the internal testing phase

The head of Plasma engineering stated that they have joined Plasma and are leading the development of the flagship product Plasma One. They pointed out that as infrastructure such as account abstraction, rapid settlement, and crypto payment cards gradually improves, the usability of crypto products ...
11:42

Data: Rudy Kadoch's associated wallet deposited 3 million USDC into HyperLiquid and purchased 50,330 HYPE

According to on-chain analyst Onchain Lens, a wallet associated with Rudy Kadoch first deposited 3 million USDC into HyperLiquid and purchased 50,330 HYPE for 2.018 million dollars. Currently, there are still about 982,000 dollars in unfilled buy orders, indicating a clear intention to continue accu...
11:42

Citigroup lowers BTC and ETH expectations: target prices for the next year are reduced to $112,000 and $3,175

According to market news, Citigroup has lowered its price forecasts for Bitcoin and Ethereum over the next 12 months, citing the stagnation of the "CLARITY Act" for the U.S. cryptocurrency market structure. The target price for Bitcoin has been reduced from $143,000 to $112,000, and for Ethereum fro...
11:42

RootData Transparency Alert: Exchanges such as Korbit, Bitkub, Luno, VALR, and bitFlyer are missing core information

Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), noting the lack of information on teams, key calendar events, token data, and more for centralized exchanges such as Korbit, Bitkub, Luno, VALR, and bitFlyer. It calls on project parties to submit/update information ...
11:42

Data: PIPPIN price plummets by 85%, a trader's floating profit retracts by over 6 million dollars

According to monitoring by Lookonchain, the price of PIPPIN has plummeted by 85% from its peak. An address spent $180,000 to purchase 8.16 million PIPPIN tokens 5 months ago and is still holding them. Its unrealized profit has shrunk from over $7 million to less than $1 million.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com