What Could Happen to the Oil Market if Iran’s and Venezuela’s Sanctions Are Lifted?

  • Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Instant Insight
  • Date 11 September 2023
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Abstract

Disagreements between oil producers and consumers for keeping a stable market has resulted in actions from both sides, elevating concerns about the near future stability of the oil sector. On one side, producers have concerns about future demand uncertainties, while consumers look for more affordable oil prices. Some consider easing sanctions in Venezuela and Iran could help the consumers’ goal. However, easing sanctions on these two countries will have a limited impact on the market.

Authors

Julio Arboleda

Julio Arboleda

Research Fellow Julio is an economist and civil engineer with over 20 years of experience in the energy field. His experience includes… Julio is an economist and civil engineer with over 20 years of experience in the energy field. His experience includes energy policy and data analysis for international organizations, governmental advisory services, and the construction of energy projects. Julio also has a passion for sustainable energy and project management, both supported by his postgraduate studies. Before joining KAPSARC, Julio worked as a senior energy consultant within different organizations. For over seven years, during his position as energy policy analyst at OPEC, he was one of the major contributors to the OPEC World Oil Outlook (WOO). His experience in both the governmental and private sectors, in the field and office, allows him to understand the dynamics of the energy sector.

Expertise

  • Energy Market Analysis and Outlook
  • Oil Market Forecast
  • Energy Policies Impact
  • Technology Developments and Alternative Energy Technologies

Publications See all Julio Arboleda’s publications

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