US President Trump's team works up a sweeping plan to control Venezuelan oil for years to come, while Trump believes his efforts could help lower oil prices to his favoured level of USD 50/bbl, according to WSJ
The report indicates a long-term strategy from President Trump's team aimed at controlling Venezuelan oil, which could potentially influence global oil supply dynamics.
[MARKET ANALYSIS] Oil futures rebounded following yesterday's choppy performance amid a slew of Venezuela-related headlines
China's MIIT held a meeting with the power and storage battery industry on regulating competition and said it is to enhance the inspection of battery prices, while it added it is necessary to strengthen market supervision
US President Trump's team works up a sweeping plan to control Venezuelan oil for years to come, while Trump believes his efforts could help lower oil prices to his favoured level of USD 50/bbl, according to WSJ
RBA Deputy Governor Hauser says likely seen the last rate cut in the cycle and the likelihood of near term rate cuts is very low, also notes November CPI data was helpful, but largely as expected, according to ABC interview
[MARKET UPDATE] Chinese markets conform to the mostly negative mood in the Asia-Pac region amid tech-related weakness with the Hang Seng Tech Index and ChiNext both declining by more than 1%
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If successful, it might help stabilize or reduce oil prices towards Trump's target, affecting not only energy markets but also currencies and wider financial conditions as oil prices play a critical role in inflation and economic growth forecasts.
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