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US equity futures fell and oil advanced as investors weighed renewed concerns over the pace of AI development against hotter-than-expected US inflation that bolstered bets the Federal Reserve may raise interest rates on Wednesday.
The US-Venezuela oil deal covers 17 fields under hundred-year concessions, through a company 35% owned by the Pentagon. No contract text has been published. The post A Hundred-Year Concession Over 17 Venezuelan Oil Fields appeared first on The Rio Times.
Venezuela produces about 1.2 million barrels a day in total and the US imported 630,000 a day in June 2026. Claims of millions a day overstate it fourfold. The post Venezuela Does Not Produce Millions of Barrels a Day for the US appeared first on The Rio Times.
Venezuela's acting president Delcy Rodríguez made a state visit to Paramaribo on September 10–11 for talks on oil, agriculture and fisheries — and President Simons put a court attachment on PDVSA assets directly on the table. The post Delcy Rodríguez in Suriname: Oil, Agriculture and a PDVSA Seizure on the Table appeared first on The Rio Times.
Blackouts hit Caracas and at least ten states twice this week as El Estímulo asks whether a grid running 2,000 megawatts short can carry the US-Venezuela oil deal's promised production surge. The post Venezuela Power Crisis Casts Shadow Over Washington’s Oil Deal Timetable appeared first on The Rio Times.
Brent oil traded near $107 barrel as fighting between Yemen-based Houthi militants and Saudi-backed forces intensified. The global benchmark surged more than 6% in the previous session and is on track for its biggest weekly gain since July. Bloomberg's Ben Sharples reports. (Source: Bloomberg)
Japan’s government bonds slumped on Friday, tracking a selloff in the US bond market after escalating Middle East tensions drove up oil prices.
Bloomberg's Alex Vasquez joins Scarlet Fu on "Bloomberg Deals." Mexicos President Claudia Sheinbaum’s proposed 2027 budget reduces support for state-owned oil company Petroleos Mexicanos, pledging 81 billion pesos ($4.8 billion) to help cover its debt payments, down nearly 70% from the amount allocated this year. (Source: Bloomberg)
Ecuador · Energy Key Facts —What happened. A blown fuse at a processing plant triggered the emergency shutdown system at Ecuador’s Block 43-ITT, automatically switching off 161 oil wells between September 5 and 7, 2026. —The cost. Petroecuador puts the lost volume at about 25,000 barrels. National output fell from roughly 375,000 barrels per day […] The post Fuse Failure Shuts 161 Ecuador Oil Wells at Referendum-Hit ITT Block appeared first on The Rio Times.
The IGP-M rose 0.93% in its first September preview and São Paulo's IPC-Fipe accelerated to 0.26%, as oil-driven wholesale pressure complicates the central bank's easing path. The post Brazil Inflation Gauges Jump at September’s Start as Oil Pressure Builds appeared first on The Rio Times.
The Pentagon is taking a stake in a private Venezuelan oil company in what President Trump called “the biggest oil deal in world history.” On the Big Take podcast we break down what we know about the plan so far and what may be the motivation behind it. Listen wherever you get your podcasts. (Source: Bloomberg)
Energy · Markets Key Facts —Price. Brent crude oil jumped about 4% on Thursday, September 10, 2026, breaking above US$105 a barrel as the Iran war’s supply shock deepened. —Tanker wave. Iran said it attacked 10 ships, including two US vessels and eight oil tankers, after the US military said it destroyed five Iranian tankers […] The post Brent Crude Oil Breaks US$105 as Saudi Output Sinks to 1990 Low appeared first on The Rio Times.
Brent crude oil prices top $105 a barrel as rising tensions in the Middle East heighten concerns about global supplies. US gasoline prices hit a record over the Labor Day weekend. Bloomberg's Michael McKee has the data. Mike Reid of RBC says this all puts the Fed in a tough spot. (Source: Bloomberg)
Brent held around $101 per barrel as Iran vowed it was prepared for a more intense war after hostilities flared across the Middle East. But Carole Nakhle, CEO of Crystol Energy told Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa $101/b is not as high a threshold as it could have been. (Source: Bloomberg)
Oil extended gains as Iran vowed it was prepared for a more intense war after hostilities flared across the Middle East, heightening concerns about deeper disruptions to energy flows through the Strait of Hormuz.
Get a jump start on the US trading day with Vonnie Quinn and Bailey Lipschultz on "Bloomberg Open Interest." Scott Bessent turns up the heat on global markets, from the yen to Treasuries. Brent crude breaks above $100 as fresh Middle East attacks stoke supply fears. Apple faces sky-high expectations ahead of its biggest event in years. Plus, Vale CFO Marcelo Bacci on resilient iron ore demand, and Anthropic researcher Jacob Coxon exits with a stark warning over AI risk. (Source: Bloomberg)
Mike Wilson, chief investment officer and chief US equity strategist at Morgan Stanley, discusses how markets have “digested” multiple risks through the year and says the firm is rotating instead of reducing their overall exposure to equities. Wilson also warns about concerns in the short term for stocks related to crude product prices. (Source: Bloomberg)
US equity futures waver and global stocks slide as brent crude inches closer to $100 a barrel, adding to inflation concerns. Saudi Arabia halts some energy operations after attacks. Canada's retaliatory levies of up to 50% on US goods take effect. ASML wins TSMC and Samsung's commitment to use its latest chip production gear. Marija Veitmane of State Street joins "Bloomberg Brief" to discuss market risks ahead of the CPI report later in the week. (Source: Bloomberg)
Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz. Bloomberg's Michael Heath shares what we know so far. (Source: Bloomberg)
Oil headed for its biggest weekly gain since July as renewed US-Iran hostilities heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz.