Oil Markets Remain On Edge As Biden Heads To Israel

Oil prices have fallen back slightly on the news that the U.S. plans to ease sanctions on Venezuela's oil exports, but geopolitical tension in the Middle East will keep oil markets on edge.Chart of the Week- Qatar has been actively leveraging fears over energy security in the long run with decades-long term LNG supply deals still only covering a third of its incremental production from the North Field East and North Field South expansions.- Once the world’s largest gas exporter dethroned by the US, Qatar is expected to regain that spot again…