US Interior Secretary Burgum says the US is ending discount on Venezuelan oil for China
The announcement from US Interior Secretary Burgum regarding the end of the discount on Venezuelan oil for China signals a significant geopolitical maneuver aimed at reducing Russia's influence in Latin America.
US Fed Balance Sheet (Jan/07) 6.57T (Prev. 6.64T )
US President Trump instructing representatives to buy USD 200bln in Mortgage Bonds to drive down mortgage rates and make cost of owning a home more affordable
US Interior Secretary Burgum says the US is ending discount on Venezuelan oil for China
Newsquawk US Market Wrap: Stocks mixed and bonds hit ahead of NFP
US President Trump says he had a great meeting with the Intel (INTC) CEO Lip-Bu Tan; INTC just launched first sub 2nm CPU processor designed, built and packaged in USA
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Knocking Russia out of the Venezuelan oil market.
- Venezuela won't use Russian diluent anymore.
This action could tighten global oil supply, potentially placing upward pressure on energy prices while impacting related commodities like gold and metals. Traders should monitor how this shift influences risk sentiment and USD dynamics, especially against currencies of oil-importing nations like China and the broader implications for emerging markets.
Related headlines
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi20 hours ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th19 hours ago
- US EQUITY OPEN: US indices reverse initial CPI losses20 hours ago
- Newsquawk European Market Wrap - 11th September 202620 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL16 hours ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets14 hours ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources18 hours ago
- US President Trump reiterates that Iran will never possess a nuclear weapon20 hours ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+15 hours ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print15 hours ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC15 hours ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran17 hours ago
- US President Trump reiterates USD 5k payment to all US adults will happen 15 hours ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan14 hours ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan19 hours ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources18 hours ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open19 hours ago
- Newsquawk Weekly Economic Calendar - 13th-18th September 202620 hours ago
- Spot premiums for Azeri BTC crude oil rose over USD 10/bbl against dated Brent, according to traders21 hours ago
- Iran has reportedly launched drones towards ships in the Strait of Hormuz, reports Israel Channel 1216 hours ago
The whole workspace, free to try.
Try it free