Brent crude reaches $83 after new attacks

The Daily Journal.- Oil prices started the week higher as the market grew increasingly skeptical about a potential agreement in the Middle East to reopen the Strait of Hormuz. North Sea Brent crude for October delivery rose 1.29% to $83.55 per barrel. Its U.S. counterpart, West Texas Intermediate (WTI) crude for September delivery, gained 1.15% […]

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Venezuela’s oil exports fall in July as indian demand declines

The Daily Journal — Venezuela’s oil exports declined in July as demand from India weakened after the ceasefire in the conflict involving Iran allowed Middle Eastern crude cargoes stranded in the Persian Gulf to reach international markets, Bloomberg reported. July data tracked by Kpler Ltd. show that shipments of Venezuelan crude to India, one of […]

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Venezuelan bonds price in the risk of a deep debt restructuring

The Daily Journal – Current prices of Venezuela’s sovereign bonds largely reflect market expectations of a future external debt restructuring and a recovery in oil production, according to a report by Oxford Economics. The consulting firm argues that the recent rally in Venezuelan bonds, which it forecast in a February analysis, continues to rest on […]

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Xi Turns Global AI into an Uber-Style Model

Is China “Uberizing” the U.S. Technology Empire? Xi Jinping proposes an AI “symphony of cooperation” in Shanghai while Silicon Valley talks about transcending humanity and breaking free from democracy. Audio: https://clyp.it/4mp3clsw Julio A. López, Editor-in-Chief.— Faced with Silicon Valley oligarchs who speak of transcending humanity and breaking free from democracy, a head of state appeared in […]

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