Chevron's Venezuelan Oil Move 🌍

Author

Ryan Serkes
August 13, 2025

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Hi everyone, here is your 📈 Daily Trade.

Here's what's happening today:

🛢️ Chevron resumes Venezuelan oil exports to US
💸 US budget deficit grows despite tariff income
🛍️ US inflation steady as tariffs impact prices
📊 Tariffs complicate Fed's rate decision amid rising inflation
🤝 US-China trade truce extended, easing tensions
🎁 +6 other news you might like

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🛢 Chevron Resumes Venezuelan Oil Exports to the US Under New License Link
  • A Chevron-chartered tanker docks in Venezuela to load crude for US export.
  • The US Treasury has granted Chevron a license to operate in Venezuela under strict conditions.
  • Several other tankers are poised to transport Venezuelan oil to the US.
💸 US Budget Deficit Widens Despite Record Tariff Income Link
  • The US budget deficit has increased by 20% year-over-year.
  • Record tariff income has not offset rising government expenditures.
  • Growing interest payments and social security costs contribute to the deficit.
🛍 US Inflation Holds Steady as Tariffs and Cheaper Goods Balance Out Link
  • Inflation remains unchanged in July, with consumer prices up 2.7% year-over-year.
  • Core inflation, excluding food and energy, rises to 3.1%.
  • Tariffs impact some imported goods, but cheaper gas and groceries provide relief.
📊 Tariffs and Inflation Put Federal Reserve in a Difficult Position Link
  • Inflation likely increased in July due to rising import costs from tariffs.
  • The Federal Reserve faces pressure from President Trump to cut interest rates.
  • Data collection issues at the Bureau of Labor Statistics may affect inflation reports.
🤝 US and China Extend Trade Truce, Easing Global Economic Tensions Link
  • The US and China have agreed to extend their trade truce for another 90 days.
  • The extension delays potential tariff increases and provides negotiation time.
  • Businesses hope for a trade agreement that will improve market access and certainty.

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Other news & articles you might like

  • 🔄 Aflac boosts share repurchase program (Link)
  • 📈 Centrus plans $650M convertible notes offering (Link)
  • ⚖️ SelectQuote faces securities class action (Link)
  • 🛒 Consumer spending could influence inflation, jobs: Richmond Fed (Link)
  • 📉 US core inflation rises amid flat overall rates (Link)
  • 📊 US consumer prices rise moderately, data quality concerns (Link)

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