Third oil supertanker about to depart from Venezuela, to carry crude to Caribbean storage, via shipping data
Newsquawk Staff ·
Third oil supertanker about to depart from Venezuela, to carry crude to Caribbean storage, via shipping data.
What it means
The departure of a third supertanker from Venezuela indicates continued efforts to export crude, likely driven by easing sanctions or increased demand in the Caribbean. This could have implications for oil prices, particularly WTI and Brent, as it signals movements in supply that may affect market sentiment amidst ongoing geopolitical tensions and energy negotiations.
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-16
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.37 LOWER AT 96.09/BBL
- 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 journalist
- Venezuela's October oil exports 1.08mln bpd, almost unchanged, according to shipping data
- [MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl
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