Venezuela and Repsol (REP SM) signed strategic agreements, while Venezuela's interim president Rodriguez says that the deal can make Venezuela a gas exporter
Newsquawk Staff ·
Venezuela and Repsol (REP SM) signed strategic agreements, while Venezuela's interim president Rodriguez says that the deal can make Venezuela a gas exporter.
What it means
Venezuela's strategic agreements with Repsol signal a potential shift in its energy landscape, particularly regarding gas exports. The interim president's assertion implies not just a reaffirmation of foreign investment in Venezuela but also hints at possible increased energy supply to global markets, which could affect pricing dynamics across commodities. Traders should consider how this development might influence oil and gas prices, as well as geopolitical sentiment towards Venezuela.
- US President Trump says he is terminating Biden's methane regulations
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Iranian President is to visit Russia today to attend the gas exporting countries' summit, Tasnim reports
- Goldman Sachs still sees upside risks to its year-end benchmark forecast for Dutch TTF gas of EUR 70/MWh
Related headlines
- US Energy Secretary Wright says the suspension of sanctions on Russia is temporary; US is ramping up LNG exports6 hours ago
- US President Trump says he is travelling to a rally in Corpus Christi, Texas, where the US will receive 1mln barrels of Venezuelan oil as a result of the military operation, followed by the biggest oil deal in the history of the world8 hours ago
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources8 hours ago
- Iran and Belarus sign memorandum on energy cooperation, reports IRNA9 hours ago
- 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 oil9 hours ago
- Maersk (MAERSKB DC) is temporarily introducing an emergency inland fuel and energy surcharge on all inland transport cargo in Northern Europe until further notice, with electric trucks and rail solutions exempt10 hours ago
- 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 projects10 hours ago
- Russian President Putin says Russia should avoid going too far with the green agenda and must consider ending the ongoing conflict and lifting sanctions13 hours ago
- Tanzania announces discovery of 23bcf of estimated natural gas reserves in Mnazi bay13 hours ago
- Russian President Putin says global gas prices have risen sharply but could also fall sharply, RIA reports; Putin proposes that gas-exporting countries cooperate to optimise fuel supply routes, TASS reports13 hours ago
- Senior Ukrainian official says the ceasefire in Oleshky will last until November 1st13 hours ago
- Russian Deputy PM Novak says a fourth tanker carrying Russian diesel is expected to arrive in the US on October 28th, Interfax reports; says Russia can reroute and sell all its gas supplies elsewhere if Europe rejects them, TASS reports14 hours ago
- Qatar extends force majeure on LNG cargoes to Italy's Edison (EDNR IM) until the end of December, Reuters reports14 hours ago
- OPEC+ is reportedly expected to maintain December oil production targets at Sunday's meeting, sources say15 hours ago
- Iranian President Pezeshkian and the Emir of Qatar discussed expanding political, economic, and energy cooperation and strengthening coordination among gas-exporting countries16 hours ago