Venezuela Financial News

By Rodrigo Campos and Jorgelina do Rosario

Oil and Natural Gas Corp hopes to recover over $500 million in dividends pending since 2014 for its stake in Venezuelan projects as sanctions on the nation were eased, a source said on Thursday. The source declined to be named due to sensitivity of the matter. The Biden administration on Wednesday eased sanctions on Venezuela's oil sector after the government and opposition parties reached a deal for the 2024 election, in the most extensive rollback of Trump-era restrictions on Caracas. U.S.

By Marianna Parraga

CARACAS (Reuters) — The Venezuela Creditors Committee said on Monday it is confident an orderly debt restructuring can occur, following an electoral agreement reached between the government and the opposition that led the United States to ease some sanctions in the oil sector.

1 per cent week-on-week gains for the last two weeks, on the possibility of supply disruption in the Middle East — the world's biggest oil-supplying region — if the conflict were to spread. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a November 17 expiry, were last trading 2.08 per cent lower at ₹7,213 per bbl, having swung between ₹7,213 and ₹7,343 per bbl during the session so far, against a previous close of ₹7,366 per barrel. Also Read: Domestic crude oil production at 2.4 MMT in September, imports rise 6.1% YoY: PPAC -The intensification of diplomatic efforts to prevent the Israel-Hamas conflict from further escalation could have calmed oil prices on Monday.

Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region. Brent crude futures fell 60 cents to $91.56 a barrel and U.S. West Texas Intermediate crude futures lost 61 cent to trade at $87.47 a barrel at 0038 GMT. For the past week, contracts rose more than 1% for a second consecutive weekly jump, on fear of potential supply disruption if the Israel-Hamas war grows into a wider confrontation in the Middle East, the world's biggest oil-supplying region. «Israel agreed to hold off its attack on Hamas following pressure from the U.S.,» ANZ Research said in a client note.

By Mayela Armas and Vivian Sequera

(Reuters) -U.S. President Joe Biden will host leaders from South American nations at the White House for a summit on Nov. 3 where the United States will reaffirm its commitment for cooperation on economic growth and tackling irregular migration, the White House said on Friday.

Manchester United is gearing up to face Sheffield United in the upcoming Premier League fixture this Saturday. Under the guidance of Erik ten Hag, United has faced some challenges at the beginning of the season. However, they were able to clinch a dramatic victory over Brentford just before the international break.

TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers globally, announced its momentous entry into the Venezuelan market today. “This makes TVS Motor the first Indian automobile manufacturer to enter the market with a host of 14 SKUs for the enthusiastic riders of Venezuela, with their local distributor, SERVISUMINISTROS JPG," the company said in today's regulatory filing.

By Rodrigo Campos and Mayela Armas

₹7,398 per bbl, having swung between ₹7,221 and ₹7,410 per bbl during the session so far, against a previous close of ₹7,365 per barrel. MORE TO COME"Exciting news! Mint is now on WhatsApp Channels

The U.S. has imposed sanctions on a group of people and firms based in Iran, China, Hong Kong and Venezuela, tied to the development of Iran’s ballistic missile and drone programs

By Katya Golubkova

By Matt Spetalnick

Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with trying to prevent any regional escalation of its war with Hamas. Following a drop of more than a dollar on Monday, Brent futures rose $0.74 to $90.39 a barrel at 10:40 a.m (1440 GMT).

Argentina will play Peru in FIFA 2026 World Cup qualifying match. If Lionel Messi plays at Peru, coach Lionel Scaloni might have to remove either Julián Alvarez or Lautaro Martinez from the lineup that beat Paraguay. Argentina's captain Lionel Messi has reunited with the Albiceleste squad for the internationals scheduled for October. However, the fitness of the seven-time Ballon d'Or winner remains uncertain. The 36-year-old Inter Miami forward has been absent from four of his club's last five matches due to a scar tissue issue. As Argentina entered the international break with a perfect record of two wins in South America's World Cup qualification tournament, Peru, on the other hand, only had one point to their name. World Cup qualifier for CONMEBOL between Argentina and Peru will be played at Estadio Nacional del Perú in Lima on Tuesday. The kick-off is scheduled at 10 pm (ET) or 7 pm (ET). Argentina vs Peru World Cup qualifier for CONMEBOL game will be live streamed on Fanatiz. The next World Cup in the United States, Mexico and Canada is expanding to a 48-team format, meaning direct entry to the top six teams in South America. The seventh-place team will contest an intercontinental playoff for a berth. World Cup winner Argentina leads continental qualifying with 9 points, followed by Brazil (7), Colombia (5), Uruguay, Chile and Venezuela (4), Ecuador (3), Paraguay and Peru (1), and Bolivia (0). The fourth match day in South American qualifying also features Ecuador against Colombia, Paraguay against Bolivia and Venezuela taking on Chile.

₹7,188 per bbl, having swung between ₹7,132 and ₹7,528 per bbl during the session so far, against a previous close of ₹7,239 per barrel. Also Read: Indian crude basket to average $87/bbl, OMCs to bear the brunt as oil surges 6% over Israel-Hamas war Iran pledged pre-emptive action from the ‘resistance front’ of its allies that include the Hezbollah movement in Lebanon, reported Reuters.

Investing.com — Oil prices steadied Tuesday after the previous session’s selloff as traders keep an eye on developments in the Middle East as well as the potential for additional supply from Venezuela.

Investing.com — Oil prices steadied Tuesday after the previous session’s selloff as traders keep an eye on developments in the Middle East as well as the potential for additional supply from Venezuela.

By Paul Carsten