TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LATAM Weekly Oil Summary: Veneuzela-Guyana Tensions Resume

OIL

The Wall St Journal is reporting that Venezuela has moved military hardware including "light tanks, missile-equipped patrol boats and armoured carriers" to its border with Guyana as a row over a disputed, oil-rich province escalates.

  • Venezuela had previously vowed to respond forcefully if drilling to start in the contested waters off Guyana.
  • ExxonMobil has insisted that it will explore the oil rich Essequibo region, contested between Guyana and Venezuela, despite risks that the move could escalate regional tensions, according to The Guardian.
  • An Exxon led consortium, responsible for all of Guyana’s crude extraction, is producing around 645,000 bpd at present, up from 400,000 bpd in late-2023 according to the US producer Tuesday.
  • The Panama Canal does not see a need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at the end of the dry season, according to Reuters.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.