MNI China Daily Summary: Monday, July 1

MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Wednesday

MNI: US MAY CONSTRUCT SPENDING -0.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Venezuela Risks Oil & Gas Sanctions Expiry in April

OIL

The US began reinstating sanctions on Venezuela on Monday according to a Reuters administration source – adding the 6-month waiver on oil and gas could be allowed to expire.

  • It comes after Venezuelan President Nicolas Maduro's regime has upheld bans on political opponents, including María Corina Machado.
  • The Maduro-allied Supreme Court on Friday kept in place a ban on opposition candidate Maria Corina Machado, upholding prior findings that she supported the sanctions and a U.S.-backed opposition interim government.
  • The US Treasury Department said on Monday evening any U.S. entities conducting transactions with Venezuelan state-owned gold mining firm Minerven will have until Feb. 13 to wind them down in the first increase in sanctions.
  • The energy sector sanctions relief run until April 18.
  • "Unless Maduro and his representatives in Venezuela are able to get back on track, specifically with regard to allowing all presidential candidates to compete in this year's election, we will not be in a position to renew General License 44, which provides relief to Venezuela's oil and gas sector when it comes up for renewal in April," the White House official said 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.