Venezuela pitches oil contract to initiate talks with drillers (details light)
Venezuela's move to pitch an oil contract signals an intention to reignite discussions with drilling companies, which could hint at a potential reopening of its oil sector after years of sanctions.
Newsquawk Weekly Economic Calendar - 18th-22nd May 2026
Newsquawk Daily Economic Releases - 18th May 2026
Venezuela pitches oil contract to initiate talks with drillers (details light)
Telecoms entrepreneur Riley and former backer Oakley are said to be plotting a GBP 1bln Gamma (GAMA LN) takeover, Sky reports
US President Trump "discourages" Taiwan from going independent
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
The implications for oil supply dynamics are significant, as increasing output from Venezuela may impact global prices and the strategic positioning of competing oil exporters. Traders should monitor how this develops, particularly in relation to WTI and other major benchmarks.
Related headlines
- Turkish Energy Minister says that they are starting an oil exploration in the Western Black Sea in the coming days1 hour ago
- CPC oil terminal on the Black Sea was reportedly attacked by drones overnight2 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL15 hours ago
- Stocks of crude oil in the US SPR fell by about 1.2mln barrels to 285.4mln barrels last week, lowest since 198217 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl26 min ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent32 min ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement39 min ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened47 min ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal51 min ago
- Japanese PM Takaichi says Japan will strengthen and diversify energy supplies, including oil, while boosting cooperation on critical minerals and supply-chain resilience with the US, Australia and other partners1 hour ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes2 hours ago
- Iranian media notes of controlled explosions scheduled in the south of Isfahan, Iran, until 14:00 local time (11:30 BST)2 hours ago
- Iran's MP says there is a "possibility of re-examining the plan to withdraw from the NPT in the parliament", ILNA reports 3 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20264 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war6 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates6 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes7 hours ago
- IRGC says it attacked two US vessels, eight oil vessels and ten violating ships with the intention of crossing the prohibited and unsafe area of the Strait of Hormuz7 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin mostly higher with the region shrugging off the weak lead from Wall St, where all major indices declined on return from the long weekend amid rising oil prices and ongoing geopolitical escalation9 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging10 hours ago
The whole workspace, free to try.
Try it free