Oil

Commercial tankers now being deliberately used as instruments of reciprocal economic pressure

Rising bond yields remain a drag for equity valuation

Higher borrowing costs are typically a headwind for non-yielding bullion

Unlike in the past, the group’s supply decisions have had a limited impact on the market

THE Trump administration’s deepening involvement in Venezuela – first with the ouster of longtime leader Nicolas Maduro and now with a deal to take a stake in its oil industry – could complicate China’s strategy in Latin America. 

The concessions are awarded without a competitive process

The US now has a majority right to about one-fifth of Venezuelan crude. Yet many questions remain unanswered

This is up from about 1.35 million bpd in July

This will be part of a sweeping oil production deal that Trump announced with Venezuela