Crude Oil

The European defence stocks rose to a "record high" on Thursday as oil prices and dollar gained ground. Geopolitical tensions rumbled from Venezuela to Greenland, keeping traders guessing. seizure Two Venezuelan-linked oil tanks in the Atlantic were reported alongside the news that U.S. Secretary Marco Rubio will?attend Meet?Denmark leaders Next week we will be discussing Greenland, and there are also some mixed economic statistics. STOXX, Europe's aerospace and defence stock index, has risen nearly 2% in the first hour of a fifth consecutive day of gains. They have already risen 13% so far this year and over 260% since Russia...

After two days of declining prices, oil prices increased on Thursday as the?U.S. Investors were encouraged to purchase futures as they watched Venezuela's developments. Brent crude futures rose 24 cents or 0.40% to $60.20 per barrel at 0343 GMT. U.S. West Texas Intermediate crude crude was up 22 cents or 0.39%. The benchmarks for both oil and gas fell by more than 1% on Wednesday, with the market expecting plenty of supply in 2019. Morgan Stanley analysts, for example, estimate that there will be a surplus as high as 3,000,000 barrels a day during the first half 2026. Mitsuru Muraishi...

Crude futures fell?and stocks in Asia declined as markets struggled to deal with the ramifications and fate of Venezuela's petroleum reserves. The oil prices continued to fall after U.S. president Donald Trump announced that Venezuela would "turn over" up to 50 million barrels to be sold at market price, following the capture and toppling of the nation's leaders. Japanese shares fell sharply while gold and industrials metals were near record highs. Geopolitical tensions in South America and China dominated the yen rally, while investors looked for clues on the timing of possible interest rate cuts from the Federal Reserve. Michael...

Rocky Swift gives us a look at what the future holds for European and global markets. While Venezuelan President Nicolas Maduro waits for his fate in a New York jail, it appears that nearly $2 billion of Venezuela's oil is also destined for the United States. Donald Trump's recent use of military force in achieving policy goals has resulted in the toppling of a?leader? and the country's oil reserves. He has hinted in recent days at possible strikes against Colombia, Mexico and Greenland. The markets have largely taken these events in stride. Crude oil has reacted the most to the...

The dollar edged up as investors focused their attention on important market data that will be released later this week to help gauge Federal Reserve policy. Oil ?prices declined. Investors were monitoring developments in Venezuela. Maria Corina Machado has promised to return to Venezuela quickly. She praised U.S. president Donald Trump for toppling Nicolas Maduro and declared her movement prepared to win a fair election. Trump's administration will meet with executives of oil companies this week to discuss increasing production in Venezuela. There's a great deal of retooling needed to prepare these downstream producers for this crude oil. It is...

Investors focused on the key data that will be released later this week to help gauge the outlook of the Federal Reserve policy. Prices of oil are falling. Investors were monitoring developments in . Maria Corina Machado has promised to return to her country as soon as possible, hailing U.S. president Donald Trump for overthrowing her opponent, Nicolas Maduro. She also declared that her movement was ready to win an election free of corruption. Trump's administration will meet with executives of oil companies this week to discuss increasing production in Venezuela. There's a lot of retooling needed to prepare these...

Kevin Buckland gives us a look at what the future holds for European and global markets. The global stock market's march to higher peaks shows no sign of slowing down. Tokyo, Taipei, and Seoul were among the markets that soared to new peaks on Tuesday. This was after the Dow made the same move overnight on Wall Street. Once trading begins, the FTSE 600, DAX 100 and STOXX will likely extend their record-breaking runs. The political turmoil in Venezuela has not slowed the market. Investors have been grabbing oil and defense shares with a risk-free attitude. Crude oil traders are...

On Monday, major?stock indices rose and oil prices rose. Energy shares climbed and investors were largely calm about potential market ramifications following a U.S. strike that captured Venezuelan President Nicolas Maduro. Early in the morning, Dow Jones Industrial Average reached a new record high. S&P 500's energy index rose more than 2 percent, with Exxon Mobil shares up over 2 percent and Chevron shares up over 5 percent. Financial shares rose as well, and an S&P defense index was up over 1%. Donald Trump, the U.S. president, said that after the dramatic events in Venezuela at the weekend he would...

Nicolas Maduro, the ousted Venezuelan president, is scheduled to appear at Manhattan federal court Monday to face narcoterrorism charges. His capture by U.S. forces has sparked uncertainty over the future of the oil-rich South American country. Maduro and his wife Cilia Flores were arrested in Brooklyn by U.S. troops after they were seized from Caracas during a surprise weekend raid. Both are expected to appear before U.S. district judge Alvin K. Hellerstein at 12:00 noon EST (1700 GMT) for the hearing. It's unclear whether either of them has hired a lawyer or will enter a plea. Since Maduro declared victory...

Gregor Stuart Hunter gives us a look at what the future holds for European and global markets. The dramatic weekend that saw U.S. forces capture Venezuelan President Nicolas Maduro has caused the oil market to be roiled as the first full trading week of 2019 begins, even though the global stock markets appear to have ignored geopolitical risk for the moment. Brent crude futures fluctuated between gains and losses, but ended the day at $60.49. Traders are assessing the impact of the U.S. military attack on Venezuela, the country with the largest reserves of oil in the world, on global...

The United States President Donald Trump has left open the possibility of a second incursion in Venezuela if it doesn't get what it wants from the interim leader. Trump told reporters that he would order another strike against Venezuela if it did not cooperate with the United States. The U.S. is working to help Venezuela open its oil industry and end drug trafficking. He also warned of military action against Colombia and Mexico, and said that Cuba's communist government "looked like it was ready to fall on its own." The Colombian Embassy in Washington and the Mexican Embassy in Washington...

The interim Venezuelan government, led by Nicolas Maduro, was to appear before a U.S. Court on Monday following his capture over the weekend by American forces. U.S. president Donald Trump left open the possibility of a second incursion in the event that the United States did not get what it wanted from Venezuela. Trump said to reporters on Sunday that he would order another strike against Venezuela if it did not cooperate with U.S. efforts in opening up its oil industry and stopping drug trafficking. He also threatened to take military action against Colombia and Mexico, and said that Cuba's...

The Wall Street Journal reported that U.S. president Donald Trump, along with his advisers, are planning to dominate the "Venezuelan Oil Industry" for many years. Trump told his aides that he believed his efforts could lower oil prices as low as $50 per barrel. The report cited people who were familiar with the situation as saying that the U.S. was considering a plan in which they would exert?some control? over Venezuela's PDVSA state-run oil firm, including purchasing and marketing the majority of its oil production. Could not confirm immediately the report. The White House didn't immediately respond to the?'?zeit imediat??'?...

PDVSA, Venezuela's state oil company, said Wednesday that it was?progressing with negotiations with the United States regarding oil sales.?A board member of the company informed?the?U.S. Will need to purchase cargoes at the international price. Washington announced on Tuesday that it had reached a deal with Caracas for access to up $2 billion of Venezuelan crude. This is a sign the Venezuelan government has responded to President Donald Trump’s demand that they be open to U.S. companies and risk further military intervention. Trump has said that he wants Delcy Rodrguez, the interim Venezuelan president, to be installed in this week's after...

Energy Secretary Chris Wright said that the United States must control Venezuela's oil revenue and sales to achieve the changes it seeks to see in Venezuela. Wright stated that he had been speaking with?U.S. Wright said he was speaking to?U.S. Donald Trump announced over the weekend that the U.S. will "take control" after U.S. troops ousted Venezuelan president Nicolas Maduro. This could allow U.S. companies to access the vast oil reserves of Venezuela. Wright added that instead of blocking the oil as it is now, the government will sell it to buyers around the U.S. Wright said that the?sales will...

Maria Corina Machado, Venezuela's principal opposition leader, has promised to return to Venezuela as soon as possible. She praised U.S. president Donald Trump for toppling Nicolas Maduro her rival and declared her movement prepared to win an election free of charge. "I plan to return to Venezuela as quickly as possible," said Machado. Machado is a 58-year-old lawyer and mother of three who fled Venezuela in October in disguise to accept the Nobel Peace Prize. She dedicated it to Trump. She told Fox News late Monday that she believed the transition should continue. "We won an election in?2024, by a...

Oil prices dropped on Tuesday, as traders assessed the possibility of increased Venezuelan crude production following the capture by the U.S. of President Nicolas Maduro. This added to expectations that global supplies would be ample this year due to weak demand. Brent crude futures fell by 0.2% at $61.62 per barrel as of 0103 GMT, while U.S. West Texas Intermediate crude crude dropped 0.3% to $58.15 per barrel. Ed Meir, Marex analyst, said: "I believe that if even a small part of the Trump playbook comes true, Venezuelan crude production should increase... If it increases, this will put more pressure...

Barry Pollack, the Washington lawyer that'represented WikiLeaks founder Julian Assange' will defend the toppled Venezuelan President Nicolas Maduro. The case could test the immunity claims of foreign leaders as well as the legality of his capture. Pollack appeared alongside Maduro in Manhattan federal court on Monday, where he pleaded no guilt days after Maduro was captured along with his wife in an U.S. Military raid. Assange's case gave Pollack an insight into cases rife with global intrigue, and the consequences they can have on America's reputation in the world. The case was a test of whether U.S. laws could criminalize...

Here are some key facts about Venezuela's oil and mining sector, after the capture of President Nicolas Maduro by U.S. troops on Saturday. RESERVES Official data show that Venezuela may have the largest oil reserves in the world, but its crude production is only a fraction of what it could be due to years of mismanagement, a lack of investment, and sanctions. According to the Energy Institute in London, Venezuela has about 17% of the global?reserves (303 billion barrels), ahead of Saudi Arabia as the leader of the Organization of Petroleum Exporting Countries. According to the U.S. Department of Energy,...

Neel Kahkari, Minneapolis Federal Reserve president, said that the main threat to the U.S. economic system from the Trump administration's capture over the weekend of Venezuela's President would be a rise in oil prices. However, this does not seem to have happened yet. Kashkari stated in an interview with CNBC that the risk comes "mostly from?oil price fluctuations". "When 'Russia' invaded Ukraine it sent a commodity shiver all over the world. Hamas's attack on Israel was not the same. The U.S., Venezuela and other countries are not involved in this conflict. "But that is the mechanism which... directly affects the...

Investors warn that the geopolitical risk may be underestimated by markets after Donald Trump threatened to take further action in America. After President Trump announced that the U.S. will take over the oil-producing nation, investors held their nerve, despite oil prices falling modestly. Gold prices rose, however, due to safe-haven flows. Trump's threats towards Colombia and Mexico, while Washington hasn't made such an aggressive intervention in Latin America since 1989 when it invaded Panama, highlighted the aggressive change in U.S. policies and brought geopolitical risks to the forefront for financial markets in the beginning of the year. Vishnu Varathan is...

The capture by the U.S. of Venezuelan president Nicolas Maduro has triggered a new surge in geopolitical risks, but initial market reactions have been relatively calm with oil volatile and gold rising on safe-haven flows. The dollar rose on Monday, while stocks rose. Here are some comments by market analysts DAVID CHAO, GLOBAL MARKET STRATEGIST FOR ASIA-PACIFIC, INVESCO, SINGAPORE The weekend's events are unlikely to have a significant impact on the global macro-conditions or markets in the near future, due to Venezuela's relative minor role today's energy landscape. This is why oil prices have not moved significantly, nor has the...

The global investors face a new surge in geopolitical risks after the U.S. captured Venezuelan President Nicolas Maduro. However, initial market reactions have been relatively calm with oil volatile and safe haven flows lifting gold. On Monday, stocks rose on the back of tech and defence sectors. The dollar also advanced. Here are some comments from market analysts. VISHNU VARATHAN HEAD OF MACRO RESEARCH ASIA EXJAPAN MIZUHO SINGAPORE "We're reminded that?geopolitical risk is much greater than a number cast on imported goods. "The sanctions against Venezuela and its exceptional dependence on oil exports... means that the Venezuelan regime change impact...

Many supporters of U.S. president Donald Trump have praised the capture and detention of Venezuelan leader Nicolas Maduro, describing it as a quick, painless victory. However, political analysts warn that support may wane if "the operation drags out" or echoes previous foreign interventions. Despite a few conservative figures criticizing the attack on Venezuela, and the detention of Maduro, as a betrayal to Trump's pledge "America First", most of Trump's Republican allies sided with him. Early support was given even though Trump had said that the United States temporarily "run" Venezuela, and would?work to?tap into its oil reserves. This raised the...