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Russia Claims Ownership of Oil Assets It’s Developing in Venezuela
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Why This Matters
Russia has asserted ownership of oil assets in Venezuela, developed by state-owned firm Roszarubezhneft, amid US claims of Western oil firms reviving Venezuela's oil industry.
Market Impact
Market impact analysis based on bearish sentiment with 70% confidence.
Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Russia on Tuesday asserted ownership of all oil assets a state Russian company is developing in Venezuela, following the claims of U.S. President Donald Trump that major American and Western oil firms would help revive Venezuela’s oil industry. Russia’s Roszarubezhneft, a state-owned firm that took over Rosneft assets in 2020 following U.S. sanctions on Rosneft’s Venezuelan oil trade, said on Tuesday that “all assets of Roszarubezhneft in Venezuela are owned by the Russian state,” as they have been bought at…
Original article published by
OilPrice.com
on January 13, 2026.
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Analysis and insights provided by AnalystMarkets AI.