EUR/USD
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Gold
4581.86
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Oil
59.259
0.228%
USD/JPY
158.072
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1.33795
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GBP/JPY
211.500
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Real-time News
January 17th - On January 16th local time, the United States is accelerating the expansion of Chevrons oil production license in Venezuela. U.S. Energy Secretary Chris Wright stated that the U.S. is completing the relevant authorization "as quickly as possible." Wright said that under the proposed new licensing arrangement, Chevron will be allowed to pay the Venezuelan government in cash, instead of paying with crude oil in kind. This adjustment will allow Chevron to sell all of its crude oil production in Venezuela. Analysts point out that expanding the license will significantly improve Chevrons commercial flexibility in Venezuela and also reflects the latest policy direction of the U.S. on Venezuelan energy issues.On January 17th, Venezuelan Acting President Delcy Rodriguez announced at a meeting of the National Productive Economy Council on the 16th that Venezuela had signed a commercial contract for liquefied petroleum gas (LPG), marking the official start of the countrys export of this energy resource. Rodriguez pointed out that this achievement is directly related to the efforts made by Venezuelas national oil and gas industry to increase production levels.On January 17th, local time, Nicolás Maduro Guerra, son of Nicolás Maduro and a Venezuelan lawmaker, stated at a conference of Venezuelan legal professionals on the 16th that Venezuela should establish diplomatic relations with the United States and set up an embassy. In his speech, Maduro Guerra stated that Venezuela must maintain relations with all countries in the world. "I believe we should establish relations with the United States and set up an embassy; this is our right to self-determination." He also stated that Venezuela can maintain relations with countries with opposing stances, but this should be handled within a political framework. He added, "Venezuela should become a peaceful country and conduct business relations with the whole world."On January 17, Venezuelan Acting President Delcy Rodríguez announced the appointment of Miguel Pérez Pierrera as Minister of Information and Communications of the Peoples Government, Aníbal Coronado as Minister of Transport of the Peoples Government, and Freddie Níñez as Minister of Information and Communications of the Peoples Government.Federal Reserve Vice Chairman Jefferson: Regarding labor supply, immigration policy has slowed overall labor growth.
