MNI BRIEF: Japan Q1 GDP To Fall 0.4% Q/Q; Annualised -1.6%

MNI BRIEF: Canada Opposition Leader Removed From Legislature

CANADA Q1 FLASH ANNUALIZED GDP +2.5%, +0.6% QOQ

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

US MBA: REFIS -3% SA; PURCH INDEX -2% SA THRU APRIL 26 WK

MNI: US MBA: MARKET COMPOSITE -2.3% SA THRU APR 26 WK

Small upward revision to UK manufacturing PMI; little market impact

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Venezuela Tightens Oil Prepayment Rules

OIL

Venezuela's PDVSA is toughening terms for oil purchases after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings, company documents seen by Reuters showed.

  • The new rule requires prepayment of cargoes entirely in cash or in some cases payment via goods and services before Venezuela will release the oil. It was put in place this month after several buyers skipped out on payments.
  • A total of 28 vessels including 21 supertankers were waiting near PDVSA's ports to load some 45mn barrels of crude and fuel for exports as of 27 Jan. Another four ships had loaded but were waiting for authorizations to depart according to TankerTrackers.com.
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.