Edition:
United States

U.S. sanctions on Venezuela would reroute crude, leave refiners short

Potential U.S. sanctions on Venezuela's crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday.

More Stories Below

Commodity Chart

Commodity Futures

Energy Metals Agriculture Livestock
COMMODITY LAST CHANGE % CHANGE EXP DATE TIME
NYMEX Crude Oil »
52.31 USD
-0.70
-1.34% Feb 19 2:02pm EST
ICE Brent Crude »
60.77 USD
-0.73
-1.20% Jan 19 7:00pm EST
NYMEX RBOB Gasoline »
1.38 USD
-0.03
-1.88% Jan 19 2:02pm EST
Dubai Crude Spot »
60.04 USD
-0.78
-1.30% Dec 02 2:12pm EST
ICE Gas Oil »
566.75 USD
+1.50
+0.26% Feb 19 7:00pm EST
NYMEX No2 Heating Oil »
1.88 USD
-0.02
-0.93% Jan 19 2:01pm EST
NYMEX Nat Gas »
2.99 USD
-0.05
-1.77% Jan 19 2:02pm EST
ICE NBP Nat Gas »
59.71 GBP
+0.45
+0.75% Jan 19 7:00pm EST

More Commodity News

Despite 60 percent support, Canada's Husky scrapped MEG oil merger

When the final numbers were tallied late last Wednesday for Husky Energy's hostile bid for rival Canadian oil producer MEG Energy, Husky's top executives learned they had the support of nearly 60 percent of MEG shareholders, people familiar with the situation told Reuters.

Key Benchmarks

INDEX LAST CHANGE
Thomson Reuters CCI
.TRCCI
400.48 USD
7:00pm EST
-0.39
(-0.10%)
Baltic Dry Index
.BADI
1,036.00 USD
7:00pm EST
+0.00
(+0.00%)
S&P GSCI
.SPGSCITR
2,378.32 USD
2:12pm EST
-14.17
(-0.59%)

Markets

S&P » 2,634.47 +0.06%
Dow » 24,540.05 +0.56%
FTSE 100 » 6,842.88 -0.85%
Nikkei 225 » 20,593.72 -0.14%
US 10YR
+2.741
+0.009
DE 10YR
+0.230
+0.005
JP 10YR
+0.013
+0.008
USD / EUR » 0.8781 -0.25%
USD / GBP » 0.7652 -0.84%
USD / JPY » 109.5900 +0.21%