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01-09-26 spal
| Panas - we are ready for you recommendations! |
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01-09-26 panasonic
Cheers from CES Las Vegas, tempted to sell all pdvsa and allocate in AI + Robotics, extraordinary what has been achieved in such short time.
Even panelists are speechless, demand is there, profit margins not sure will be enough down the road.
Best stuff is privately owned :-( |
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01-09-26 savo
Great days ahead for Venezuela.. free of MCM and free of sanctions...
Chevron, Vitol, Trafigura vie to control Venezuelan oil exports, sources say
By Shariq Khan, Marianna Parraga and Dmitry Zhdannikov
January 8, 20268:55 PM GMT-3Updated 3 hours ago
NEW YORK/HOUSTON/LONDON, Jan 8 (Reuters) - Oil major Chevron Corp (CVX.N)
, opens new tab, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter.
The competition reflects a desire by many in the oil industry to access the South American country's crude stocks and production, with U.S. officials seeking to control Venezuelan oil sales indefinitely.
U.S. President Donald Trump has demanded that Venezuela give the United States full access to its oil sector just days after the U.S. captured the South American country's President Nicolas Maduro on Saturday. U.S. officials have said Washington will control the country's oil sales and revenues indefinitely.
Both Vitol and Trafigura were set to join Chevron and other major oil companies in meetings at the White House on Friday over the roles they may have in Venezuela's oil industry, Reuters reported on Thursday.
Ahead of the meetings, the companies have been lobbying the U.S. government hard to secure a share of what are expected to be lucrative oil export agreements from Venezuela.
The companies are contesting initial deals to market the up to 50 million barrels of oil that state-run oil company PDVSA (PDVSA.UL) has accumulated in inventories amid a severe oil embargo that has involved four tanker seizures, two of the sources said.
This week, PDVSA said negotiations were progressing, but provided no details. Its main joint venture partner, Chevron, is well placed to negotiate an expansion of its license to operate in Venezuela as the only major oil company still in the country.
Chevron could also trade at least a portion of PDVSA's own production, three sources said. However, for the first time in years, the U.S. oil major must compete with other foreign companies.
PDVSA wants to make sure that joint venture partners and former customers are part of the deal so it can complete debt repayment, expand output and secure fair prices for crude grades bound for specific destinations, two of the sources said.
Is the only U.S. oil major operating in Venezuela, which it does under an authorization from the U.S. government, that exempts it from sanctions on the country.
On Wednesday, the U.S. Department of Energy said it was engaging with commodity marketers and banks to execute and provide financial support for Venezuelan crude and fuel sales. It did not specify which companies.
Details about the competition for these contracts had not previously been reported.
The sources requested anonymity to discuss confidential information. Vitol and Trafigura declined to comment. Chevron, PDVSA, and the White House did not immediately reply to requests for comment.
TRADING HOUSES ENTER THE FRAY
Geneva-headquartered Vitol has already received a preliminary license from the U.S. government to begin negotiations for the import and export of oil from Venezuela for 18 months, four sources told Reuters on Thursday.
Vitol and Trafigura had traded Venezuelan oil prior to U.S. sanctions in 2019 and marketed cargoes initially received by some of PDVSA's partners in recent years. Their capacity to have tanker fleets in Venezuela quickly and trade barrels exceeds that of others currently operating in Venezuela.
"U.S. majors are central to production, but large international trading houses bring global reach and optionality the majors lack. It therefore makes clear sense for these traders to engage proactively with the U.S. government to discuss next steps," Jean-Francois Lambert of consultancy Lambert Commodities said.
US INDEFINITE CONTROL OF OIL SALES
The Trump administration set its sights on Venezuela's oil industry soon after U.S. forces captured Maduro on January 3. Washington has said it wants to control Venezuela's oil sales and revenue indefinitely.
Trump has said he wants U.S. companies to invest in Venezuela and rebuild its oil industry to produce more oil and bring global energy costs down. Some oil executives have begun arranging trips to Caracas to do initial assessments.
Analysts and industry executives have expressed skepticism, noting Venezuela's degraded infrastructure, poor quality crude, and political uncertainty. U.S. oil majors have said they want "serious guarantees" before they make investments in Venezuela.
Years of under-investment and sanctions have led Venezuela's output to fall to around 1 million barrels per day, or just 1% of global supply, from 3.5 million bpd in the 1970s when it accounted for 7% of global oil.
Since 2019, the only companies authorized by the U.S. to receive oil from Venezuela are Chevron, India's Reliance (RELI.NS)
, opens new tab, Italy's Eni (ENI.MI), opens new tab, Spain's Repsol (REP.MC), opens new tab and France's Maurel & Prom (MAUP.PA)
In recent years, China has taken the lion's share of Venezuela's oil exports through little known intermediaries. Since last month when the U.S. began a naval blockade of Venezuelan waters, China has been unable to import Venezuelan oil.
https://www.reuters.com/business/energy/chevron-competes-with-rivals-venezuelan-oil-sales-sources-say-2026-01-08/
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01-08-26 Merlino
So where fascism and nazism..
.....................
They have been more banned than eradicated I think |
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01-08-26 carib
| Hernie: I share the opinion. |
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01-08-26 Hernie
Hola Carib, hope you are well! Frankly, I think it will be foolish for the US govt not to pursue a “market-friendly” restructuring; it’s really peanuts in the grand scheme of things (monetarily speaking) and the upside and potential advantages, especially in this new AI era, far outweighs the cost. However, I recognise it’s somewhat binary too: if there is a top down decision that bond holders need to be wiped out, then they will be wiped out. Yesterday, I was reading Trump’s tweets and articles about capping compensation to defense companies and also the idea to ban funds from amassing large portfolios or single-family homes; I think contrary to what many thinks; he doesn’t always appease WS so easily, I think. We will see!
On my part, at the moment, I have no intention of selling.
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01-08-26 carib
| So where fascism and nazism.. |
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01-08-26 Merlino
El expresidente colombiano Álvaro Uribe
...................
Chavism like Peronism are popular, national movements. They can not be eradicated only domesticated, controlled, reformed, at best imho
This kind of positions like MCM´s one are not realistic and do not help a bit |
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01-08-26 carib
Hi Hernie! hope you are doing fine.
Are you optimistic on Veny recovery value?
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01-08-26 Hernie
Hola Colores!
Watching the situation with interest. Hoping that we can get properly compensated in due course!!! |
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01-08-26 carib
El expresidente colombiano Álvaro Uribe (2002-2010) consideró este jueves que "nada se hace" si el chavismo, en el poder desde 1999, continúa al frente de Venezuela después de que Estados Unidos capturara a Nicolás Maduro y a su esposa, Cilia Flores, tras un ataque militar en Caracas y tres estados vecinos el sábado pasado.
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01-08-26 carib
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01-08-26 spal
Overview of Unrest in Iran as of January 8, 2026Protests in Iran, starting December 28, 2025, over economic woes in Tehran's bazaars, have ballooned into a nationwide crisis demanding regime overhaul.
Hyperinflation (>50% YoY), rial collapse, and shortages fuel the fire, spreading to 100+ cities in 21-31 provinces—the widest since 2022. Tehran remains the hotspot with daily clashes at the Grand Bazaar, subways, and offices, featuring sit-ins, fires, and gunfire. Forces deploy tear gas, bullets, and raids, yielding 34-45 protester deaths (including kids), hundreds injured, and 2,000+ arrests; two officers killed. X chatter reports regime vehicles burned, refinery strikes, and chants like "Death to the dictator" and pro-Shah calls.
Regime strains show in blame games, military alerts, airport halts, and NOTAMs. U.S. President Trump's "hard" retaliation threat adds external heat. Seriousness is acute: A potential regime tipping point, amplified by diverse groups (youth, women, minorities). Extent: Countrywide, with Tehran clashes (19 recent protests) and peripheral violence in Ilam, Kermanshah, Kurdish areas. Analysts foresee a "big storm," possibly with U.S.-Israeli involvement, as elites prep evacuations.
Volatile trajectory: Could spiral into revolution without relief, per OSINT.
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01-08-26 spal
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01-08-26 carib
DUBAI, United Arab Emirates (AP) — People in Iran’s capital shouted from their homes and rallied in the street Thursday night after a call by the country’s exiled crown prince for a mass demonstration, witnesses said, a new escalation in the protests that have spread nationwide across the Islamic Republic. Internet access and telephone lines in Iran cut out immediately after the protests began.
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01-08-26 spal
| Oil services is the play. |
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01-08-26 spal
no clue though where do we fit in!
===
You have a call option on dirty crude. |
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01-08-26 savo
Extraordinary days ahead for Venezuela... no clue though where do we fit in!
But happy the psycho and EGU are out of the picture... the ineptitude of those two costed a lot of lives.
EEUU presentó su plan para reactivar la producción petrolera de Venezuela: retiro de sanciones y mejoras en infraestructura
https://albertonews.com/principales/eeuu-presento-su-plan-para-reactivar-la-produccion-petrolera-de-venezuela-retiro-de-sanciones-y-mejoras-en-infraestructura/ |
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01-08-26 spal
And then all of a sudden it was all about American Oil Service companies:
HAL
HALLIBURTON CO
31.911.53 (+5.04%) |
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01-08-26 spal
Guyana's current daily oil production, as of early January 2026, stands at approximately 900,000 barrels per day (bpd), following the ramp-up of ExxonMobil's Yellowtail project in late 2025
The recent U.S. intervention in Venezuela, including Maduro's capture and reduced military threats, has eased geopolitical risks over disputed Essequibo waters, prompting some upward revisions in Guyana's estimates by boosting investor confidence and operational stability.
It should continue to do so, as lower uncertainty supports faster project development and attracts more capital ... the empire strikes back.
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01-08-26 spal
| Vene good ... Guayana better ... four legs good ... two legs better |
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01-08-26 victor
Venezuela anuncia la liberación de un número significativo de presos políticos extranjeros y venezolanos «en este mismo momento»
El jefe del Parlamento de Venezuela, Jorge Rodríguez, ha anunciado la liberación de un «número importante de personas» en Venezuela, que corresponden tanto a presos políticos de Venezuela como del extranjero. Este gesto, ha confirmado Rodríguez, es para «consolidar la paz y la convivencia» del país.
«El Gobierno, junto con las instituciones estatales, ha decidido liberar a un número significativo de personas venezolanas y extranjeras, y estos procesos de liberación se están llevando a cabo en este mismo momento», ha asegurado Rodríguez. |
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01-08-26 spal
TDW
TIDEWATER INC NEW
56.193.27 (+6.18%)
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01-08-26 spal
Tidewater Inc. (NYSE: TDW), the global leader in offshore support vessels (OSVs), is primed to capitalize on the oil industry's flux and urgent scramble for offshore resources. With over 200 vessels servicing majors like ExxonMobil, TDW ensures seamless exploration and production amid volatile prices, geopolitical shifts, and energy transitions.Venezuela's turmoil amplifies opportunities: U.S. seizure of assets in January 2026 unlocks billions in investments to revive output from under 1M bpd, potentially tripling ... TDW's expertise in seismic surveys and rig support positions it to dominate this revival, despite past risks like 2009 nationalizations. Eased Guyana-Venezuela tensions further boost Exxon-led projects in Essequibo's oil-rich waters, where TDW operates. As offshore spending surges through 2027, TDW's diversified revenue and 2026 guidance of $1.32-1.37B signal robust gains—invest now for unparalleled upside in secure energy plays.
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01-08-26 savo
pillz...
it is the other way around... unless veni can sell oil... it is pointless to produce it...
the fact the a license is being issued to the largest oil trader in the world means the US is serious about removing all sanctions to the oil business in veni.
Do not worry about investment and production... there is plenty of money around. |
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01-08-26 pillz
Vitol, one of the world's largest commodity traders, has received a preliminary special license from the U.S. government to begin negotiations to import and export oil from Venezuela for 18 months, four sources said on Thursday.
//
Sorry , but it would not help, the only help is investing to produce more oil .. you can put how much commodity traders, but the oil output will not change ... |
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01-08-26 savo
great days ahead for Venezuela...
HOUSTON, Jan 8 (Reuters) - Vitol, one of the world's largest commodity traders, has received a preliminary special license from the U.S. government to begin negotiations to import and export oil from Venezuela for 18 months, four sources said on Thursday.
Vitol would seek to finalize the license and terms under which it can operate in the South American country in the coming days, one source said. Vitol declined to comment. |
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01-08-26 pillz
| So Frankfurt was not so bad there is a v-bid at 33 for 2mm |
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01-08-26 spal
RCAT
RKLB
into ordit ... on defense excitement ... unfortunately no position. |
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01-08-26 carib
this morning:
PDVSA 9 21
32.5
/
33.5 |
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01-08-26 carib
| Pill: those were the prices from the previous day, US trading hours. Call Manya if you want updates. |
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01-08-26 spal
HAL
HALLIBURTON CO
adding |
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01-08-26 pillz
| If I could I would also sell at 35.5 , or even 35 |
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01-08-26 pillz
Carib, are you sure that those are the price of OTC ?
PDVSA 9 11/17/21
35.50
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36.50 |
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01-08-26 spal
TRMD TORM plc
Closed:
$22.07
1.60 (+7.82%)
4:00 PM 01/07/26
NASDAQ | $USD | Pre-Market: $23.20 +1.13 (+5.12%) 8:59 AM
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01-08-26 carib
| today, apparently, people taking profits. |
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01-08-26 carib
| Pill: I am neither, at present, but am considering selling a part. |
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01-08-26 pillz
| the last one was Stuttgard |
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01-08-26 pillz
$ Petroleos de Venezuela 21
WKNA1GZSW
ISINUSP7807HAP03
Add to list
BID
32.79
ASK
34.94
Sell
Buy
400,000 Nom.
400,000 Nom. |
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01-08-26 pillz
Frankfurt
Bid Ask
32.50
for 2,000,000 nominal
35.00
for 10,000 nominal
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01-08-26 spal
Tighter Tanker Market and Rate Surge: The bill's passage (slated for consideration next week) could amplify the 36-49% freight cost increases already seen on key Russian crude routes to Asia due to shadow fleet interdictions and insurance premium spikes (up 200% in the Black Sea).
This would force rerouting or reduced volumes of Russian exports, creating a supply crunch for product tankers. TORM's CEO has noted that similar EU bans on Russian oil products and Ukrainian drone strikes on refineries have already bolstered rates by adding "complexity" to global trade flows.
Analysts project this could push TORM's average TCE rates above $35,000/day in Q1 2026, directly lifting EBITDA.
Historical Precedent from Recent Sanctions: When the Trump administration sanctioned Rosneft and Lukoil in October 2025, tanker stocks—including TORM—rallied sharply, with the sector posting its best yearly performance amid oil price volatility.
TORM's shares climbed ~15% in the weeks following, driven by a 48% jump in Russian oil transportation costs and the sanctioning of 265 shadow fleet vessels (57% of Russia's 2024 crude shipments).
If the new bill passes, similar gains are anticipated, with some models forecasting a 10-20% near-term uplift in TRMD based on elevated demand for TORM's modern, insured fleet.
Dividend and Yield Boost: TORM's variable dividend policy (typically 60-80% of net earnings) could see payouts exceed $5/share annualized in 2026 if rates hold firm, implying yields over 15% at current levels.
One analysis highlights TORM as a "key beneficiary" with potential yields above 40% if sanctions fully constrain the shadow fleet, reducing competition and supporting premium pricing
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01-08-26 spal
Chris Shipping
@christankerfund
·
3h
Graham says Trump has greenlit the Russian sanctions bill.
Huge for compliant tankers if it goes through. x.com/lindseygrahams…
Bill Overview: Senator Lindsey Graham's announcement details a bipartisan US sanctions bill, co-authored with Senator Blumenthal, that empowers President Trump to impose secondary tariffs—up to 500%—on nations like China, India, and Brazil purchasing discounted Russian oil, aiming to starve funding for Russia's Ukraine invasion amid ongoing peace talks.
Shipping Impact: The post highlights benefits for "compliant tankers," which adhere to international sanctions, as the bill targets Russia's shadow fleet—aging, uninsured vessels evading restrictions—potentially raising freight costs by 36-49% for Russian crude routes, per recent data, and increasing demand for legal operators.
Market Context: With Russia's oil exports reliant on this fleet for 10-15% of seaborne flows, enforcement signals like recent US tanker seizures have already spiked insurance premiums by 200% in the Black Sea; passage next week could further elevate compliant tanker rates while pressuring Putin economically.
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01-08-26 savo
NTD Life
4h ·
The Trump administration is selectively removing sanctions on Venezuelan oil to allow its export and sale in global markets, the White House announced on Jan. 7. According to a new policy statement, all proceeds from the oil sales will be controlled by the U.S. government and distributed for the benefit of the Venezuelan and American people. |
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01-08-26 savo
| The Trump administration is quickly moving to reestablish a diplomatic presence in Venezuela, asking local staff to prepare for the arrival of US officials at its embassy in Caracas as soon as this week. |
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01-08-26 pillz
ooops, i see at IB :
PDVSA Corp 9.0 Nov17'21
PDVSA
TRACE
NT
C35.9240
USD
—
—
Ask
Bid
34.625(0.000%) ✕ $213K
32.768(0.000%) ✕ $5,000K
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01-08-26 pillz
volume OTC no problem.
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Carib, are you a buyer or a seller in PDVSA ? |
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