U.S. Tariffs on Venezuelan Oil Buyers Could Tighten Global Market -- Market Talk

Dow Jones03-25

0924 GMT - U.S. President Trump's decision to impose a 25% tariff on buyers of Venezuelan oil could lead to a substantial tightening in the global oil balance, according to ING. Venezuela, a key exporter of heavier crude oil grades, counts China, the U.S. and India as its largest buyers. "In recent years, Venezuela increased oil production and exports as the Biden administration eased sanctions, providing a waiver to Chevron to operate in the country," analysts at the firm say. "Venezuela produced 918,000 [barrels per day] of crude oil in February, up from 760,000 b/d in 2023, while it exports around 750,000 b/d." Chevron's sanction waiver is set to expire on May 27, while the 25% tariffs should come into effect on April 2. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

March 25, 2025 05:25 ET (09:25 GMT)

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Venezuela, a key exporter of heavier crude oil grades, counts China, the U.S. and India as its largest buyers. \"In recent years, Venezuela increased oil production and exports as the Biden administration eased sanctions, providing a waiver to Chevron to operate in the country,\" analysts at the firm say. \"Venezuela produced 918,000 [barrels per day] of crude oil in February, up from 760,000 b/d in 2023, while it exports around 750,000 b/d.\" Chevron's sanction waiver is set to expire on May 27, while the 25% tariffs should come into effect on April 2. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2025 05:25 ET (09:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Tariffs on Venezuelan Oil Buyers Could Tighten Global Market -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Tariffs on Venezuelan Oil Buyers Could Tighten Global Market -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-25 17:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0924 GMT - U.S. President Trump's decision to impose a 25% tariff on buyers of Venezuelan oil could lead to a substantial tightening in the global oil balance, according to ING. Venezuela, a key exporter of heavier crude oil grades, counts China, the U.S. and India as its largest buyers. \"In recent years, Venezuela increased oil production and exports as the Biden administration eased sanctions, providing a waiver to Chevron to operate in the country,\" analysts at the firm say. \"Venezuela produced 918,000 [barrels per day] of crude oil in February, up from 760,000 b/d in 2023, while it exports around 750,000 b/d.\" Chevron's sanction waiver is set to expire on May 27, while the 25% tariffs should come into effect on April 2. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2025 05:25 ET (09:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0630314457.HKD","symbol_name":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522012815","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522012815","pubTimestamp":1742894700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0924 GMT - U.S. President Trump's decision to impose a 25% tariff on buyers of Venezuelan oil could lead to a substantial tightening in the global oil balance, according to ING. 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Venezuela, a key exporter of heavier crude oil grades, counts China, the U.S. and India as its largest buyers. \"In recent years, Venezuela increased oil production and exports as the Biden administration eased sanctions, providing a waiver to Chevron to operate in the country,\" analysts at the firm say. \"Venezuela produced 918,000 [barrels per day] of crude oil in February, up from 760,000 b/d in 2023, while it exports around 750,000 b/d.\" Chevron's sanction waiver is set to expire on May 27, while the 25% tariffs should come into effect on April 2. 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