Rental pressures are expected to ease as housing supply picks up, with close to 40,000 private and public homes to be completed in 2023 (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - According to the Monetary Authority of Singapore, rental pressures in the private and public housing markets in Singapore should ease this year, following a period of “exceptional demand-supply imbalance” caused by Covid-19 disruptions which underpinned a surge in rents for the past two years.
Venezuelan oil gets more US buyers as Chevron steps up loadings
Chevron Corp has stepped up sales of Venezuelan crude oil to rival U.S. refiners, adding PBF Energy Inc and Marathon Petroleum Corp to its list of customers for the crude, vessel tracking and loading schedules showed. U.S. Gulf Coast refiners, which historically processed Venezuelan oil, have shown a renewed appetite for the heavy sour crude grade after Chevron late last year received authorization from the U.S.
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