No Data
Express News | Trump confirmed that the US military will deploy a second aircraft carrier to the Middle East.
Eni-BP JV, Azule Hits Oil With 500M-barrel Well in Offshore Angola
OPEC Weighs Resuming Oil Production Increases Starting in April - Report
Fizzled Out: Heard on the Street Recap -- WSJ
Trump announced that he will visit Venezuela. Venezuela's oil revenue has exceeded 1 billion US dollars, and the US has transferred the funds to a Treasury account.
The United States has altered the transfer route for Venezuela's oil sales revenue, depositing it directly into the U.S. Treasury instead of via a Qatari account, with the funds now exceeding $1 billion. The initial choice of Qatar was aimed at avoiding the risk of creditor asset freezes. The U.S. non-recognition of the Rodriguez government has created legal challenges. Despite the U.S. easing sanctions on Venezuela and issuing licenses, Venezuela’s state oil company only sells oil to companies granted individual permits. Coupled with cautious bank financing and complex licensing terms, this has constrained the expansion rate of Venezuela's oil exports. In January, Venezuela’s oil exports rose to 800,000 barrels per day but remain below last year’s average levels.
Express News | Reports indicate that Venezuela's state-owned oil company has refused to sell crude oil to buyers without U.S. licenses.