AMERICAS OIL: US Flows to US Show Signs of Slowing: Argus
Nov-19 12:33
Ship tracking data suggests Venezuelan crude shipments have begun to slow this week, although the US military build-up in the Caribbean have not halted flows entirely, Argus said.
- There are no new cargoes of Merey, Venezuela’s main export grade to US refiners, scheduled to be exported to the US this week, according to Kpler data
- A Chevron source in Venezuela also reported no imminent shipments, though exports to China appear unaffected.
- Chevron continues to operate in the country under a modified sanctions waiver, resuming exports to the US in August.
- Venezuela produces around 1m b/d of crude, with roughly 150,000 b/d sent to the US in October. Chevron alone exported about 400,000 b/d earlier in 2025.
- Market sources told Argus that US demand for heavy crude often eases late in the year as refiners work down inventories, which may be contributing to the slowdown.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI: CANADA SEP INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%
Oct-20 12:30
- MNI: CANADA SEP INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%
- CANADA SEP RAW MATERIALS PRICES +1.7% MOM; EX-ENERGY +3.1%
GLOBAL POLITICAL RISK: Week Ahead 20-26 October
Oct-20 12:26
Download Full Report Here
(MNI) London – All timings are subject to change.
Monday 20 October:
- United States-Australia: President Donald Trump hosts Australian PM Anthony Albanase at the White House in what will be the first one-on-one meeting between the two. Amid China’s imposition of export controls on critical minerals, Australia’s abundant supply could forge strong links between the two leaders, despite hailing from opposite ends of the political spectrum. Securing the future of the AUKUS submarine pact will be another top aim for Albanese amid speculation the Trump administration could push for greater Australian contributions to the project, or delay the timeline for the provision of three-to-five nuclear-powered submarines. Albanese arrives at 11:00ET before an Oval Office meeting at 11:15ET (16:15BST, 17:15CET).
EURIBOR OPTIONS: Large Call Spread buyer
Oct-20 12:11
ERH6 98.25/98.37cs, bought for 1.5 in 30k (ref 98.075, 10del).
