Chevron (CVX), Vitol and other oil firms are competing for deals to export Venezuelan crude in talks with US officials, according to reports
Newsquawk Staff ·
- CVX is seeking authorization to export PDVSA's own production, according to sources.
What it means
Chevron and other firms vying for Venezuelan crude export deals signal a potential thaw in relations over oil sanctions, which could impact global supply dynamics. If successful, this may not only enhance CVX's operational capacity but also affect pricing and availability of WTI and Brent, influencing energy markets broadly.
- [ANALYSIS] US Midterms: Senate, Governor and PUC indicative timings
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-16
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
- Venezuela's October oil exports 1.08mln bpd, almost unchanged, according to shipping data
Related headlines
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources5 days ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.37 LOWER AT 96.09/BBL5 days ago
- US Midterms Cheat Sheet for Traders4 days ago
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources5 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist5 days ago
- Williams (WMB) says elections are not expected to delay data center projects5 days ago
- The Yemeni Armed Forces reportedly attack vital facilities in the southern region of Saudi Arabia, reports Sabereen News5 days ago
- US military threats against Iran are hindering progress in the conflict resolution process, according to an Iranian political source cited by RIA Novosti5 days ago
- Iranian Foreign Ministry Spokesperson says "Past experiences preclude any optimism regarding Washington's seriousness in diplomacy"5 days ago
- Spokesperson for the Iranian negotiating delegation says that "we continue to exchange messages through intermediaries", Al Hadath reports5 days ago
- i24 journalist Stein says "Iran rejects the American proposal"5 days ago
- Axios' Ravid on Iran's Secretary of the Supreme State Razaei comments, says he rejects the latest US position on the deal to resume the ceasefire and launch negotiations5 days ago
- A senior source tells Al Arabiya that the US has informed the Qatari mediator of its approval of the submitted proposal; the mediators are awaiting Iran's response to the proposal after receiving it yesterday.5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 days ago