Head Topics

Oil inches up after US reimposes Venezuela oil sanctions

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

TOKYO : Oil prices rose in early trade on Thursday, slightly paring the previous session's losses after the United States said it would reinstate oil sanctions Venezuela, while the European Union talked of fresh curbs on Iran. Brent futures were up 10 cents, or 0.11 per cent, at $87.39 a barrel, while U.

El Palito refinery of the Venezuelan state oil company PDVSA is pictured, in Puerto Cabello, Venezuela February 10, 2024. REUTERS/Leonardo Fernandez Viloria/File PhotoTOKYO : Oil prices rose in early trade on Thursday, slightly paring the previous session's losses after the United States said it would reinstate oil sanctions Venezuela, while the European Union talked of fresh curbs on Iran.

The U.S. said it would not renew a license set to expire on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro's failure to meet his election commitments. Venezuela exported 600,000 barrels per day in the first quarter, of which 165,000 bpd were destined for the United States, ANZ Research said, adding that as volumes are moderate, the impact is likely to be 'small'.

The U.S. House of Representatives will vote on long-expected aid packages for Ukraine, Israel and the Indo-Pacific on Saturday to provide over $95 billion in security assistance, including $61 billion to address the conflict in Ukraine.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US signals Venezuela oil sanctions relief at risk as deadline loomsWASHINGTON: The Biden administration has signalled that it could reimpose oil sanctions on Venezuela on Thursday (Apr 17) in response to what US officials see as President Nicolas Maduro's failure to meet his commitments for free and fair elections this year.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan earn scrappy win over North Korea in World Cup qualifierTOKYO: Ao Tanaka's goal after two minutes gave Japan a nervy 1-0 win over a spirited North Korea in a World Cup qualifier in Tokyo on Thursday (Mar 21).
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore shares opened higher on Thursday—STI gained 0.6%In the broader market, gainers outnumbered losers with a ratio of 111 to 30, with 49.5 million securities valued at S$80.6 million changing hands.
Source: IndependentSG - 🏆 2. / 72 Read more »

STI Closes Down 0.31% on ThursdayThe Straits Times Index (STI) closed at 3,227.61 down 0.31% on Thursday, 11 April, at 5:21 p.m. Singtel and Seatrium were at the foot.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Singapore stocks took a hit on Thursday—STI down 0.9%Banking stocks weren't spared in the morning hustle either.
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore shares rose on Thursday—STI gained 0.5%Trading activity saw 35.6 million securities valued at S$52.2 million changing hands.
Source: IndependentSG - 🏆 9. / 63 Read more »