Venezuela is to raise crude shipments to 1.06mln bpd and fuel sales to 134k by year-end, PDVSA vice president says
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US President Trump is reportedly sceptical of Iran’s Strait of Hormuz proposal, WSJ reports citing sources; says White House will continue to negotiate with Iran; White House expected to provide its response and counterproposals in the coming days
Venezuela is to raise crude shipments to 1.06mln bpd and fuel sales to 134k by year-end, PDVSA vice president says
[MARKET UPDATE] US equity futures open around flat (ES +3 points, NQ +5 points); T-Note futures U/C; WTI futures +USD 0.10/bbl; Spot XAU +USD 3/oz
US Transportation Secretary Duffy says Congress would have to get involved with providing USD 2.5bln in aid to low-cost airlines
On the Newsquawk feed at , 20 minutes before this page.
Context
Venezuela’s announcement to raise crude shipments to 1.06 million bpd and fuel sales indicates a significant supply-side expansion, which could impact global oil prices. This move may reflect Venezuela's recovery effort and could affect WTI and Brent benchmarks, particularly if it alters the current balance between supply and demand. Traders should watch for potential price reactions, especially from OPEC dynamics and broader market sentiment around energy commodities.
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