Forex News Blog
A recent plea from Venezuela for Saudi and Russia to hold off on adding to global oil supplies and disruptions from Nigerian exports helped the market see through positioning data as oil trades higher.
On 28 May 2018, the Council adopted the following conclusions on Venezuela. 1. The EU recalls its previous statements on Venezuela, in particular the High Representative’s declaration on behalf of the EU of 22 May. […]
Oil prices dropped on Thursday on expectations that OPEC members will increase production in the face of worries over supply from both Venezuela and Iran. A sudden build up in crude oil inventories in the […]
Oil prices held steady on Friday on solid demand, ongoing production cuts led by producer cartel OPEC and U.S. sanctions against Iran, a major crude exporter. However, markets continued to be below multi-year highs from […]
Oil prices were stable on Monday as increasing U.S. rig count indicated further increases in American production, one of the few factors holding back crude in an otherwise bullish environment. Brent crude oil futures traded […]
Crude supply from OPEC nations declined to a 10-month low in the previous month, mainly because of the maintenance at a field in the United Arab Emirates and continued production declines in Venezuela. The Organization […]
Venezuelan President Nicol?s Maduro warned that if the opposition to his administration does not register for the presidential election on April 22, there will be elections anyway, and a winner will be elected legitimately. “If […]
The Colombian government revealed what it called as a “comprehensive strategy” to deal with the wave of migration from Venezuela, which includes investments in social services, transportation, and basic sanitation products such as meat and […]
The delegation of Venezuela’s government on Tuesday signed the agreement for peace and coexistence proposed to opposition representatives in the framework of the peace talks held in the Dominican Republic. However, the opposition refused to […]
The President of Venezuela, Nicol?s Maduro, said that “everything is set to sign a peace agreement” with the opposition to his government after talks held in the Dominican Republic. “All voices that are willing to […]