US Secretary of State Rubio says that Venezuela under Maduro posed a strategic risk to the US and it will take time for the transition out of Maduro to take place
US Secretary of State Rubio's comments signal an intensified focus on Venezuela, highlighting its strategic risk to the US under Maduro's regime.
US EIA Distillate Stocks Change (Jan/23) 0.329M vs. Exp. -0.55M (Prev. 3.348M)
US EIA Refinery Crude Runs Change (Jan/23) -0.395M (Prev. -0.354M)
US Secretary of State Rubio says that Venezuela under Maduro posed a strategic risk to the US and it will take time for the transition out of Maduro to take place
US Treasury Secretary Bessent there will be some "exciting announcements" coming today
Chevron (CVX) is reportedly said to increase exports of Venezuelan oil to 300k BPD in March
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- US is much further along on the Venezuela project than anticipated this month.
The assertion that the US is further along in addressing this situation may indicate a more proactive stance, potentially impacting oil prices, regional stability, and risk sentiment towards emerging markets.
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