It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabia’s oil policy. Quite the reverse, in fact, with enormous profits available from the failures of the enormously well-flagged and exceptionally predictable strategy of the 2014-2016 and 2020 Oil Price Wars -- launched by the Kingdom with the intention of destroying or disabling the U.S. shale oil sector, as analysed in full in my latest book on the new…

In a market increasingly governed by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 per barrel seems like a gift to global consumers. But behind that price tag lies a slow-moving crisis for U.S. shale producers, many of whom are being forced to pull back on production, delay capital projects, and recalculate what sustainability means in a low-margin world. Even after a brilliant spike on Monday, Brent is still languishing around $65 per barrel, with WTI trailing slightly lower. But while American drivers are beginning…

El 30 de mayo de 2025, la página laclase.info del Partido Socialismo y Libertad (PSL), reprodujo un llamamiento de la Unidad Internacional de Trabajadores y Trabajadoras – Cuarta Internacional que promueve una campaña de solidaridad con la actual lucha que lleva adelante el pueblo paname...

In his 2003 State of the Union address, President George W. Bush offered a bold vision of a cleaner energy future. Standing before Congress and the nation, he announced a $1.2 billion initiative to develop hydrogen-powered vehicles, proclaiming that “the first car driven by a child born today could be powered by hydrogen and pollution-free.”  The appeal was clear: a shift away from imported oil and a meaningful reduction in vehicle emissions. After all, the combustion product of hydrogen is just water.  That child would be…

2 de junio de 2025.- El Gobierno de José Raúl Mulino desata una ola de violencia y persecución política sin precedentes. Con acciones que violan flagrantemente la Constitución y los derechos humanos, el Ejecutivo se niega sistemáticamente al diálogo e ignora las masivas protestas ciudadanas que exig...

Iran has substantially increased its stockpile of uranium enriched to near weapons-grade levels in recent months, multiple media outlets cited a report from the International Atomic Energy Agency (IAEA) as saying, likely raising further doubts about a potential deal with the United States on Tehran's nuclear program. Israel reacted swiftly, with Prime Minister Benjamin Netanyahu's office saying the UN nuclear watchdog's confidential May 31 report showed that Iran is pursuing nuclear weapons. Tehran, meanwhile, rejected the report, calling it "politically…

The national average price of gasoline in the United States has declined by 3.8 cents over the past week, now standing at $3.09 per gallon, according to GasBuddy's latest report.  Patrick De Haan, head of petroleum analysis at GasBuddy, noted, "The national average has seen a modest decline, but with oil prices rising again, we could see the trend reverse in the coming weeks." Despite the recent dip, regional variations persist. States like Mississippi and Texas report some of the lowest averages at $2.64 and $2.70 per gallon, respectively,…

The national average price of gasoline in the United States has declined by 3.8 cents over the past week, now standing at $3.09 per gallon, according to GasBuddy's latest report.  Patrick De Haan, head of petroleum analysis at GasBuddy, noted, "The national average has seen a modest decline, but with oil prices rising again, we could see the trend reverse in the coming weeks." Despite the recent dip, regional variations persist. States like Mississippi and Texas report some of the lowest averages at $2.64 and $2.70 per gallon, respectively,…

2 de junio de 2025.- Más de un millón de peregrinos musulmanes llegaron a la ciudad sagrada de La Meca para el hach, un peregrinaje que las autoridades prometieron que trascurrirá con mayor seguridad, pese al sofocante calor del desierto, con drásticos controles contra viajeros no autorizados. Ar...

Via Metal Miner The copper market outlook for the second half of 2025 has seen significant debate in recent weeks. On the supply side of the equation, new production is coming online. However, this may not happen fast enough to flood the market. According to mining.com, the ICSG projects global mined copper output will rise about 2.3% in 2025, topping 23.5 million metric tons as several major projects ramp up. Mines like Kamoa-Kakula in the DRC and Oyu Tolgoi in Mongolia are boosting output, and a wave of smaller projects from Africa to Asia are…

Canada’s Alberta province is facing one of its worst early-season wildfire crises in recent memory, with industry officials confirming on Monday that over 50% of the province’s oil production has been forced offline as flames sweep through critical infrastructure zones.  Seven key oil producers have scaled back or halted operations entirely. The fires have triggered evacuations in production hubs including Fort McMurray, echoing the catastrophic 2016 wildfires that paralyzed Canada’s energy heartland. The Alberta government…

2 de junio de 2025.- El diputado y presidente de la Subcomisión de Finanzas de la Asamblea Nacional, Ramón Lobo, dijo que próximamente será anunciado nuevo esquema de precios acordados en bienes esenciales, el cual será publicado en Gaceta Oficial. En una entrevista ofrecida a un portal digital, ...

2 de junio de 2025.- El portavoz del Ministerio de Relaciones Exteriores de Turquía, Öncü Keçeli, confirmó que la reunión entre las partes había concluido "sin resultado negativo", y señaló que tanto Kiev como Moscú ofrecerán declaraciones a la prensa en las próximas horas. Por su parte, el prime...

The U.S. is off to a strong start to the driving season as the slump in oil prices in recent weeks has led to the lowest gasoline prices for Memorial Day weekend in four years.  Gasoline demand was strong over the holiday weekend, which ushers in the start of the period of peak demand in the United States and the rest of the northern hemisphere. A large part of the strong demand was due to the fact that the typical seasonal spike in the spring didn’t materialize, because oil prices – the single-biggest driver of gasoline prices—lingered…

2 de junio de 2025.- Annalena Baerbock, exministra de Asuntos Exteriores de Alemania (entre 2021 y 2025), ha sido elegida como la próxima presidenta de la Asamblea General de la ONU para el 80º período de sesiones que arranca el próximo septiembre. Baerbock, de 44 años, logró el apoyo de 167 país...

Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on four Russian military airports overnight.   Overnight, Ukrainian drone attacks targeted Russia's Kursk and Voronezh regions, igniting fires in residential buildings, causing significant disruptions to highway traffic and reportedly destroying over 40 aircraft in the process. Russian defense officials reported intercepting a total of 162 drones,…

Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on four Russian military airports overnight.   Overnight, Ukrainian drone attacks targeted Russia's Kursk and Voronezh regions, igniting fires in residential buildings, causing significant disruptions to highway traffic and reportedly destroying over 40 aircraft in the process. Russian defense officials reported intercepting a total of 162 drones,…

Es 2 de junio de 2025. Han transcurrido 153 días del año y faltan 212 días para su terminación. Hoy es lunes. Las efemérides se refieren a sucesos, celebraciones o conmemoraciones significativas para un área del conocimiento, la cultura y las artes, la historia o la ciencia, ...

2 de junio de 2025.- El Servicio Nacional Integrado de Administración Aduanera y Tributaria (SENIAT) recaudó en el mes de mayo 78 millardos 530 millones 899 mil 823 bolívares. El organismo informó que en lo que va de año, el SENIAT ha recaudado un total de 312 millardos 155 millones 89 mil 326 bo...

President Trump announced Friday that steel and aluminum tariffs will double from 25% to 50%, calling the move a cornerstone of his "America First" agenda to revive U.S. manufacturing. The tariffs, set to take effect Wednesday, sparked a sharp rally in U.S. metal stocks in premarket trading as investors bet on stronger domestic production and profits. Trump visited a U.S. Steel plant near Pittsburgh at the end of last week to promote a pending partnership with Japan's Nippon Steel, describing the deal as a "planned investment" that would keep the…