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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.
OIL
The Biden administration’s threat to reimpose sanctions on Venezuela from April 18 risks removing one key buffer that has slowed crude’s ascent towards $100/b, according to Bloomberg.
- With the temporary sanctions deal set to expire at 04:00 GMT April 18, the US said it will not renew the agreement unless it sees further progress from Venezuela towards free and fair elections.
- Venezuela’s output recovered 23% in 2023 as a result of sanctions relief, helping to cap a rally driven by OPEC+ voluntary output cuts.
- However, some in the market remain sceptical that the US will implement full sanctions, given the pressure to tame gasoline prices in an election year.
Source: Bloomberg
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.
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