Wary of the ‘Hockey Stick’, Oil Traders Hedge Their 2025 Exposure - Open interest in WTI calendar spread options - contracts that see market participants bid on the future value of crude oil futures across different delivery months – has reached an all-time high as traders expect this year’s assumed oversupply to only materialize in 2026. - The prompt spread between July and August was trading around $0.90 per barrel for most of this week, whilst the difference between December 2025 and December 2026 was a mere $0.50 per…

.El viceministro de Políticas Antibloqueo, William Castillo, informó a través de la red social X que el despojo de Citgo a la República Bolivariana de Venezuela, fue materializado por un juzgado estadounidense, que se valió de la complicidad de la extrema derecha venezolana, para maquillar de ...

La vicepresidenta de la República, Delcy Rodríguez, aseguró que "Venezuela no reconocerá ninguna sentencia de la Corte Internacional de Justicia (CIJ) o de otro organismos internacional sobre el Esequibo", y defenderá el Tratado de Ginebra como único mecanismo para resolver la contro...

Viernes, 06 de junio de 2025.- Kremlin: "Rusia ha destruido toda la chatarra que hemos enviado a Ucrania en el primer año" Eduardo Irastorza, profesor OBS Business School, resalta el carácter simbólico y político de la decisión de Mertz, interpretándola como un gesto desesperado por parte de Alem...

La ministra de Comercio Exterior de Venezuela, Coromoto Godoy, se reunió este miércoles con el embajador de Irán, Alí Chegini, para evaluar los avances en la cooperación comercial entre ambos países. En una publicación en Instagram, Godoy destacó que el encuentro sirvió para analiza...

HSBC’s forecast that Brent Crude prices would remain around $65 per barrel later this year could be too optimistic as OPEC+ continues to raise production, which will result in a bigger-than-expected surplus after the summer ends. “Our new scenario assumes regular hikes from October to December and leaves the 2.2mbd of voluntary cuts fully unwound by the end of 2025,” the bank said in a note on Friday carried by Reuters. OPEC+ producers have just said they would boost July production by another 411,000 barrels per day (bpd), citing…

Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, and has signed at least nine agreements with foreign firms, including from China, sources with knowledge of the deals told Bloomberg. Under the U.S. sanctions, Western oil producers were given time until May to wrap up their operations in Venezuela, home to the world’s biggest crude oil reserves. U.S. licenses for the biggest oilfield service providers – Schlumberger, Halliburton, Baker Hughes, and Weatherford International…

Politics, Geopolitics & Conflict On June 1, Ukraine executed Operation Spiderweb, a meticulously planned drone offensive targeting five Russian airbases, including facilities in Siberia. The operation reportedly damaged or destroyed approximately 34% of Russia's strategic bomber fleet, including nuclear-capable aircraft, marking a significant escalation in Ukraine's military capabilities. In retaliation, Russia launched a massive missile and drone assault across Ukraine on June 6, with Kyiv experiencing one of the deadliest attacks since April.…

Turkey is back in the spotlight this week, and Erdogan is at it again. This time, he’s gotten rid of five more opponents as he rather brazenly and publicly picks off his rivals one by one (or in this case, five by five). On Thursday, Erdogan fired five district mayors from the opposition Republican People’s Party (CHP), allegedly for corruption. That move is intended to shore up his previous move in March to arrest Istanbul’s Mayor, Ekrem ?mamo?lu, his most dangerous political rival, on alleged financial crimes charges. That single…

On the surface, this is not a good time to be investing in alternative energy in the US. The current White House administration is not just pro-fossil fuel but often seems to be actively opposed to alternative and “green” energy.  However, as the recent support for nuclear power, or at least the small modular reactor version of it, shows, that really isn’t the case. Donald Trump may have a curious hatred of wind turbines but other than that, this administration does understand that the energy demands of a modern industrialized…

Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as the market digested a cocktail of bullish catalysts. Traders responded to unplanned supply disruptions in Canada, measured output policies from OPEC+, and escalating geopolitical tensions, while contending with uncertain demand signals and trade-related optimism. OPEC+ Holds Course as Saudi Arabia Defends Market Share OPEC+ stuck to its plan of a 411,000 barrel per day increase for July, reassuring traders who feared a steeper hike…

La selección de fútbol de Venezuela buscará acercarse a su primera clasificación a la Copa del Mundo cuando enfrente a Bolivia este viernes a las 6:00 pm (hora local) en la jornada 15 de las eliminatorias suramericanas. El duelo se disputará en el estadio Monumental de Maturín, Monagas, clave ...

Spain did not import any crude oil from Venezuela in April, ahead of a U.S. deadline in May for foreign operators to wind down operations in the South American country, official Spanish data showed on Friday. Earlier this year, Spain’s imports of crude oil from Venezuela jumped by nearly 60% in January and February compared to the same period of 2024. Spain’s energy major Repsol was one of several foreign companies, which also included U.S. Chevron and Italy’s Eni, allowed by the Biden Administration to operate in Venezuela and…

Spain did not import any crude oil from Venezuela in April, ahead of a U.S. deadline in May for foreign operators to wind down operations in the South American country, official Spanish data showed on Friday. Earlier this year, Spain’s imports of crude oil from Venezuela jumped by nearly 60% in January and February compared to the same period of 2024. Spain’s energy major Repsol was one of several foreign companies, which also included U.S. Chevron and Italy’s Eni, allowed by the Biden Administration to operate in Venezuela and…

El presidente Miguel Díaz-Canel aseguró hoy que enemigos de la Revolución intentan manipular las opiniones de los universitarios respecto a las recientes medidas de Etecsa, con el propósito de promover la subversión del orden en Cuba. Durante la emisión del podcast Desde la Presiden...

Es 6 de junio de 2025. Han transcurrido 157 días del año y faltan 208 días para su terminación. Hoy es viernes. Las efemérides se refieren a sucesos, ...

The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, has been buying increasing volumes of U.S. crude WTI despite the fact that Nigeria is the biggest crude oil producer in Africa. But Africa’s top OPEC member has been struggling to materially boost domestic crude output, so the 650,000-barrels-per-day refinery has been sourcing more WTI crude as the facility is ramping up to capacity. So far this year, U.S. crude has accounted for a third of the purchases of the Dangote refinery, according to vessel-tracking…

La madrugada y mañana de este viernes amanece con mantos nubosos y chubascos dispersos en la Guayana Esequiba, Bolívar, Amazonas, Delta Amacuro, Sucre, Monagas, Anzoátegui, Guárico, Apure, Barinas y Zulia.

El vicepresidente sectorial de Política, Seguridad Ciudadana y Paz, Diosdado Cabello, anunció que ya suman 40 la cifra de personas detenidas por el caso del dólar paralelo, que ha golpeado de forma criminal la economía venezolana y el mercado cambiario de la nación. "No fue una...

2025-05-20 Gaceta Oficial 43131 SUMARIO MINISTERIOS DEL PODER POPULAR PARA LA DEFENSA Y PARA RELACIONES INTERIORES, JUSTICIA Y PAZ Resolución Conjunta que ordena al Comando Estratégico Operacional de la Fuerza Armada Nacional Bolivariana (CEOFANB) que gir...