Venezuela trying to set up means to better trade USD domestically between banks and companies tho this doesnt mean its easier to get USD into the country. That depends on general license terms and other continuing sanctions.

Tend to think this is right. Announcing dumping investigations, starts a process of negotiations. The recent Chinese-EU discussions are instructive

Important point here especially on the macro impact of recent oil price moves

Useful summary of volumes carried by dark fleet by TankerTrackers.com, Inc. estimates.

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2 month delay in OPEC plus cut unwinding suggests members couldnt agree on a broader plan shift … and that their hope on Chinese demand springs eternal. Going to be an interesting 2 months with 2025 policy in frame, questions on compensation of overproducers etc

Russia continuing to buy gold (presumably domestically produced) bc they cant buy other stores of value (even RMB)

Important point. Opec trying to stress todays decision is even more bullish due to delayed return and compensation from past overproducers. Market likely to believe latter only when see it. Definitely outlook tighter than alternative but how much depends on these (and on nonopec)