格隆汇2月21日｜伦敦金属交易所(LME)20日宣布，将永久实施旨在限制大额交易头寸影响的全面规 则，以控制铝等金属市场的价格剧烈波动。若持仓者在合约到期前一个月内持有的头寸超过LME仓库 系统可用库存的50%，则必须以封顶的利率(即低价或零成本)将头寸借给其他买家，直到持仓比例降至 50%以下。与2025年的临时规则相比，此次不仅扩大了适用范围，还将前端月份的期权头寸纳入监管框 架。此举是针对Mercuria、Vitol和Gunvor等大型贸易巨头在铝市场积累巨额头寸(有时甚至超过可用库 存)的回应。 ...

US negotiating with India on Venezuelan oil sale, US envoy says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Interim trade deal effective April, India trade minister says- US made oil supply diversification central to India trade talk ...

India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil, sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A Bharat Petroleum fuel station is pictured in Gurugram, India, June 4, 2025. REUTERS/Priyanshu Singh [Purchase Licensing Rights, opens new tab]- Companies[Bharat Petroleum Corporation Ltd]Follow[Hpcl-Mittal Energy Limited]Follow[Hindustan Petroleum Corp Ltd]FollowShow more companiesNEW YORK/NEW DELHI, Feb 18 (Reute ...

book "Oro Rojo" about Venezuela's troubled state-run company PDVSA and Mom to three boys.## Read Nextago [Energycategory][Oil gains 3% as Russia-Ukraine talks abruptly end, Iran-US tensions support]ago [Energycategory][Exclusive: Libya brings in Western traders in blow to Russian fuel flows]ago [Sustainabilitycategory][Global Energy Alliance seeking to raise $100 million by 2028 to digitise India's electric grids, CEO says]ago [Energycategory][Santos to cut 10% of jobs, review portfolio; shares slip on prof ...

Geneva sets the tone for mid-February trading, concurrently holding two high-stakes negotiations. The surprisingly positive vibes emanating from US-Iran talks are counterweighed by a much sterner sentiment in the Russia-Ukraine meeting, with the latter being much more bullish for crude amidst intensifying attacks on Russia’s energy infrastructure. ICE Brent has shed more than $1 per barrel after Tehran announced some form of understanding with the US, trading below $68 per barrel.US oil major Chevron (NYSE: ...

Core Insights - The US has relaxed sanctions on Venezuela's energy sector, allowing global energy companies to resume operations and negotiate new contracts following the removal of President Nicolas Maduro [1] Group 1: Sanctions and Licenses - The US Treasury Department's OFAC issued general licenses to companies like Chevron, bp, Eni, Shell, and Repsol, enabling them to operate oil and gas projects in Venezuela [2] - A separate license allows international companies to engage with PDVSA for new investments, requiring additional permits from OFAC and excluding transactions with entities in Russia, Iran, or China [3] Group 2: Company Responses and Developments - Chevron stated that the new General Licenses and changes in Venezuela's Hydrocarbons Law are crucial for developing Venezuela's resources and enhancing regional energy security [4] - India's Reliance Industries has secured a general license from the US to purchase Venezuelan oil directly, facilitating a shift from Russian crude to discounted Venezuelan oil [5] Group 3: Economic Strategy and Future Prospects - The relaxation of sanctions is part of a broader strategy to support Venezuela's economic recovery and responsible investment, with a $100 billion reconstruction plan aimed at revitalizing the oil industry [6] - ExxonMobil and ConocoPhillips are evaluating potential re-entry into Venezuela after their assets were expropriated in 2007 [7]

美国总统特朗普称将访问委内瑞拉，这是美军上月控制该国前总统马杜罗后，美国加速攫取委内瑞拉石 油资源的最新动向。与此同时，美国正重构委内瑞拉石油销售的资金流向，并向全球能源巨头大幅放宽 在该国的业务限制。 据央视报道，特朗普在白宫接受媒体采访时证实访问委内瑞拉的计划，但未透露具体时间和行程安排。 他声称美委双方正密切合作，美国大型石油企业正在委内瑞拉开采石油，委内瑞拉"将从中获得很大一 部分收益"。 本周四，美国能源部长克里斯·赖特（Chris Wright）接受媒体采访时表示，委内瑞拉石油销售收入目前 已超过10亿美元。他同时透露，美国已在财政部设立账户，资金将不再流经卡塔尔。 此前，特朗普政府曾将最初的5亿美元石油销售收入存入美国控制的卡塔尔账户。民主党参议员查尔斯· 舒默（Chuck Schumer）和亚当·希夫（Adam Schiff）周四提出立法，要求特朗普政府问责办公室对卡塔 尔账户进行独立审计。 赖特解释称，选择卡塔尔是为规避委内瑞拉债权人可能冻结美国银行账户内资金的风险。值得注意的 是，美国对委内瑞拉政府的承认问题以及复杂的制裁豁免条款，仍限制着该国石油出口的全面恢复。 美国财政部周五发布两项一 ...

Core Viewpoint - Valero Energy is poised to become the leading foreign refiner of Venezuelan crude oil, planning to purchase up to 6.5 million barrels in March for its Gulf Coast refineries, following the easing of U.S. sanctions on Venezuela [1] Group 1: Valero's Position and Actions - Valero was among the first U.S. refiners to resume Venezuelan crude imports after a $2 billion oil supply deal with Venezuela's interim government and the easing of sanctions [2] - If Valero successfully acquires 10 or more cargoes in March, it could process approximately 210,000 barrels per day, surpassing Chevron as the top U.S. refiner of Venezuelan crude [2] - This would mark the highest volume of Venezuelan crude processed by Valero since U.S. sanctions were imposed on Venezuela's oil industry in January 2019 [3] Group 2: Chevron's Role and Supply Dynamics - Chevron is expected to increase its Venezuelan crude exports to around 300,000 barrels per day in March, up from 220,000 barrels per day in January, with a significant portion likely going to Valero [3] - Valero is anticipated to receive most of its planned import volume from Chevron in March, highlighting the interdependence between the two companies [4] Group 3: Market Context and Future Expectations - Valero has engaged in negotiations with trading houses like Trafigura for additional cargoes, which were among the first authorized by the U.S. government to trade Venezuelan oil [4] - A Valero spokesperson indicated that Venezuelan crude is expected to constitute a significant portion of its heavy-crude purchases in February and March [6] - Valero has a historical long-term supply agreement with PDVSA for crude purchases prior to the sanctions, indicating established ties with Venezuela's state oil company [7]

Core Viewpoint - The U.S. is accelerating its efforts to seize Venezuelan oil resources following the control of the country by former President Maduro, with President Trump planning a visit to Venezuela to discuss oil extraction with U.S. companies [1] Group 1: U.S. Actions and Policies - President Trump confirmed plans to visit Venezuela, stating that U.S. oil companies are actively extracting oil there, which will benefit Venezuela significantly [1] - The U.S. Department of Energy announced that Venezuelan oil sales revenue has exceeded $1 billion, with funds now being redirected to U.S. accounts instead of Qatar [1][3] - The U.S. Treasury has issued two general licenses that significantly relax sanctions on Venezuela's energy sector, although the state-owned oil company still restricts sales to companies with specific permits [2][6] Group 2: Financial and Legal Considerations - The U.S. previously set up an account in Qatar to receive Venezuelan oil sales revenue to avoid risks of creditors freezing U.S. bank accounts [3] - The legal complexity arises from the U.S. not formally recognizing the government led by Rodriguez, complicating the process of depositing funds into U.S. accounts [4][5] - The U.S. Treasury's new licenses allow major oil companies to resume operations in Venezuela, but transactions must comply with specific conditions, including payment through U.S.-controlled funds [6][7] Group 3: Trade and Export Dynamics - Despite the relaxation of sanctions, the Venezuelan state oil company has been slow to expand exports due to the requirement of specific licenses for buyers [6][8] - Recent shipping data indicates that Venezuelan oil exports increased from 498,000 barrels per day in December to approximately 800,000 barrels per day in January, but this remains below average levels [9]

Core Insights - Venezuela's state-run oil company PDVSA has recently restricted oil sales to companies lacking individual U.S. licenses, which has limited exports and hindered the rapid depletion of its storage tanks [1] Group 1: U.S. Licensing and Trade - The U.S. government has issued a general license allowing oil exports and individual licenses to traders like Trafigura and Vitol for billions of dollars in oil exports [2] - The general licenses aim to exempt companies from U.S. sanctions on Venezuela's oil industry, which have been relaxed following the capture of President Nicolas Maduro [3] - Despite the issuance of general licenses, buyers report that the broad nature of these licenses has created ambiguity, making it difficult to understand what is permissible [4] Group 2: Banking and Financing Challenges - U.S. banks are hesitant to finance Venezuelan oil transactions due to the complexities surrounding the licenses, leading to increased due diligence [5] - This reluctance from banks may not significantly impact major traders who have substantial cash reserves but could complicate operations for smaller companies entering the Venezuelan oil market [6] Group 3: Government Response and Sanction Relaxation - The White House has indicated that the Trump administration is rapidly issuing general licenses in response to high interest from oil and gas companies in Venezuela's energy sector [7] - The Treasury Department has issued additional general licenses that allow major oil producers like Chevron, BP, Eni, Shell, and Repsol to expand their activities in Venezuela, marking a significant relaxation of production-targeted sanctions [8]