US Energy Secretary says Venezeula oil output can rise +30% vs current levels of around 0.9mln BPD in the short-to-medium term, according to sources
The US Energy Secretary's comments on Venezuela's potential oil production increase of over 30% from current levels could signify a substantial shift in supply dynamics, particularly if realized in the near term.
Operations have reportedly resumed at four Libyan oil terminals
Halliburton Company (HAL) Q4 2025 (USD): EPS 0.70 (exp. 0.56), Revenue 5.66bln (exp. 5.41bln)
US Energy Secretary says Venezeula oil output can rise +30% vs current levels of around 0.9mln BPD in the short-to-medium term, according to sources
Swedish pension fund Alecta has divested most of its US Treasury holdings, according to DI; has sold SEK 70-80bln worth of Treasuries
Mosaic (MOS) announces extension of phosphate production curtailments in Brazil
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This development might exert downward pressure on WTI prices as increased supply from Venezuela could impact the delicate balance of global oil markets, especially amid ongoing geopolitical tensions.
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