The oil market is tricky. Countries have plans. Oil is changing. People want cleaner energy. Oil prices are higher now.
The United States did something in Venezuela. This made oil prices rise. People worry about future oil. Trade problems also make people worried.
The U.S. took oil things in Venezuela. This might make OPEC less strong. Oil is made well in North and South America. So, OPEC+ will not make more oil. This is because of Venezuela.
More oil will be wanted by 2025. China, the U.S., and Canada have good economies. Middle East oil companies spend money on new oil. They want oil for later.
The world uses more energy. Clean energy is growing. But it does not stop old energy yet. This makes climate goals hard.
Gas is also growing fast. More gas will be sent out by 2030. This makes gas cheaper. Europe wants less gas from Russia.
Trade problems make people worried. The U.S. may tax goods from Europe. Leaders will talk about this. This can hurt the world economy.