US President Trump says 50mln bbls of Venezuelan oil are on the way to Houston and US-Venezuela energy cooperation is going well
President Trump's announcement about Venezuelan oil heading to Houston suggests a potential easing of tensions and a strengthening energy partnership between the US and Venezuela.
Australian S&P Global Services PMI Flash (Feb) 52.2 (Prev. 56.3)
Australian S&P Global Composite PMI Flash (Feb) 52.0 (Prev. 55.7)
US President Trump says 50mln bbls of Venezuelan oil are on the way to Houston and US-Venezuela energy cooperation is going well
New Zealand Imports (Jan) 6.73 (Prev. 7.60, Rev. From 7.6)
New Zealand Exports (Jan) 6.21 (Prev. 7.51, Rev. From 7.65)
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This could impact oil prices directly, with WTI and Brent likely to see increased volatility as the market digests the implications for supply and relations in the region. A more stable energy supply could also influence dollar flows and risk sentiment across equities.
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