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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.
OIL
Venezuelan crude oil production is estimated to decline to 890kbpd by the end of 2025, if the US will reimpose sanctions according to Rystad Energy’s senior VP Jorge Leon.
- That would be 250kbpd below the case if the US will extend the sanctions relief.
- Venezuelan crude and products exports in March stood at 884.935kbpd, the highest level since early 2020, and up from around 617kbpd in February according to shipping data and PDVSA documents, cited by Reuters.
- Venezeula's main opposition group, the Unitary Platform (PU) has, at the third attempt, been able to register a candidate for the upcoming presidential election on 28 July. There has been significant focus on the registration of candidates, given that an open electoral process under the Barbados Agreement has been seen as a necessity for the US if it is not to re-impose sanctions on the Venezuelan O&G sector from 18 April. So far there has been no comment on the registration from US officials.
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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