Venezuela’s PDVSA has suspended most of its crude oil exports for a review of the contractual terms that will be conducted under the new head of the company. The review aims to make sure there will be no payment defaults, Reuters reports, noting that since the imposition of U.S. sanctions on the trade in Venezuelan, PDVSA has had to resort to middlemen to market its oil and this has created complications with payments. Sanctions on Venezuelan oil trade were introduced in 2019 by the Trump administration, and the Biden administration’s…
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Congress Averts Government Shutdown as House and Senate Extend Funding
In a dramatic turn of events, the House and U.S. Senate passed a crucial stopgap spending measure just mere hours […]
The post Congress Averts Government Shutdown as House and Senate Extend Funding first appeared on Valuetainment.
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
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Congress Averts Government Shutdown as House and Senate Extend Funding
In a dramatic turn of events, the House and U.S. Senate passed a crucial stopgap spending measure just mere hours […]
The post Congress Averts Government Shutdown as House and Senate Extend Funding first appeared on Valuetainment.
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
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