US President Trump says President of Venezuela is doing a great job; oil is beginning to flow and the professionalism and dedication between both countries is a very nice thing to see
Newsquawk Staff ·
US President Trump says President of Venezuela is doing a great job; oil is beginning to flow and the professionalism and dedication between both countries is a very nice thing to see.
What it means
President Trump's positive remarks about Venezuela suggest a potential thaw in U.S.-Venezuelan relations that could lead to increased oil production from Venezuela. This development might ease supply constraints in the oil market, slowing upward price pressures and potentially impacting related currencies and equities associated with the energy sector.
Sources
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"
Related headlines
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects2 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade38 min ago
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East1 hour ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press1 hour ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm1 hour ago
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.2 hours ago
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue3 hours ago
- Russian President Putin holds bilateral meeting with Iranian President Pezeshkian1 hour ago
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT57 min ago
- Atlanta Fed GDPnow Model (Q3): 3.5% (prev. 3.4%)1 hour ago
- Constellation Energy (CEG) has been offered USD 5bln in financing by the US government for nuclear reactors1 hour ago
- Meta's (META) USD 25bln stock offering ended five-times oversubscribed, Bloomberg reports2 hours ago
- US FTC has reportedly told Cintas (CTAS) and UniFirst (UNF) that they will block the USD 5bln merger, Semafor reports3 hours ago
- AMD (AMD) and Meta (META) collaborate across CPUs, GPUs, networking, systems and software to power Meta services and AI infrastructure; AMD will invest USD 1bln in Meta's equity offering4 hours ago
- Apple (AAPL) introduces new 14-inch Macbook Pro with M6 chip, starts at USD 1,999; also introduces iMac with M6 chip delivering a major boost in performance and AI capabilities4 hours ago