FirstFT: US oil tankers sail towards Venezuela as production collapse looms
Also in today’s newsletter: China imposes export ban targeting Japan’s military and fund managers prepare for US tech ‘reckoning’
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US oil tankers sail towards Venezuela as risk of production ‘collapse’ looms
Country’s output could drop by a third in next month, threatening Trump’s hopes of windfall for energy sector
Investors in US drillers go all in on the ‘Donroe doctrine’
Optimistic shareholders need to apply some sort of probability to this oil sector revenue actually materialising
US tracking oil tanker off UK coast linked to Venezuela, Russia and Iran
Monitoring comes as Washington builds up military assets in Britain
Fund managers prepare for ‘reckoning’ in US tech sector
Some investors reduce positions or buy protection for their portfolios amid concerns over valuations
A four-letter word that spells doom for Venezuela’s creditors
Bondholders could get Bakerised