Venezuela’s oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last month—down only slightly from April’s 783,000 bpd. While exports…

Venezuela’s oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last month—down only slightly from April’s 783,000 bpd. While exports…

Venezuela’s oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last month—down only slightly from April’s 783,000 bpd. While exports…

El ministro para el Transporte, Ramón Velásquez, quien es copresidente de la Comisión Mixta de alto nivel Venezuela-Irán, informó que, con la visita del presidente de la Asamblea Consultiva Islámica de Irán, Mohammad Baqer Qalibaf, se estima fortalecer las relaciones bilaterales entre ambos pa...

Este 1° de junio, las campanas de la Iglesia de Nuestra Señora de Altagracia, en Curiepe, municipio Brión del estado Miranda, resonaron al mediodía, acompañadas por el tradicional repique de tambores, que da inicio a las festividades en honor a San Juan Bautista. Esta tradición ...

Liquefied natural gas (LNG) exports out of Russia fell by 3% in January through May from a year earlier, amid tighter EU restrictions on transshipment and U.S. sanctions on a new LNG project that can’t find buyers yet. Russia’s LNG shipments dipped by 3% year-over-year to 13.2 million tons in the first five months of the year, Reuters reports, citing preliminary data from LSEG. Exports to Europe slumped by 12%, while shipments in May alone declined by 14.3%, according to the data. That’s mostly the result of the EU ban on transshipment…

Una reunión de trabajo con voceros de las 299 comunas y circuitos comunales de la ciudad, junto a las distintas secretarías de la Alcaldía de Caracas, llevó a cabo este lunes la alcaldesa de Caracas, Carmen Meléndez, en los espacios del Parque Alí Primera, también conocido como Parque del Oest...

El presidente de la República Bolivariana de Venezuela, Nicolás Maduro, informó sobre el envío de una carta a la Organización de Países Exportadores de Petróleo Plus (OPEP+), con el objetivo de ajustar sus mecanismos de coordinación y definir estrategias a largo plazo, propuesta que busca fort...

Unlike Russia and Oman, Algeria wasn’t initially in favor of a pause in the OPEC+ oil production increases at this weekend’s meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, Russia and Oman – two non-OPEC producers part of the OPEC+ alliance implementing the cuts since 2022 – requested a pause in the monthly production increases, Argus Media has reported. But OPEC member Algeria didn't call for a pause, according to Argus’s source. “Algeria…

Unlike Russia and Oman, Algeria wasn’t initially in favor of a pause in the OPEC+ oil production increases at this weekend’s meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, Russia and Oman – two non-OPEC producers part of the OPEC+ alliance implementing the cuts since 2022 – requested a pause in the monthly production increases, Argus Media has reported. But OPEC member Algeria didn't call for a pause, according to Argus’s source. “Algeria…

While oil prices spiked due to a combination of OPEC+ underwhelming markets and wildfires in Canada, a rising geopolitical risk premium is lifting both Brent and WTI and is set to stick around for a while to come.- US-China trade war and OPEC+’s flooding of oil markets with additional supply have lifted refinery margins across the world, with gasoline, jet fuel, and diesel cracks all staying in double digits since the beginning of May.- Global refining margins, as calculated by consultancy Wood Mackenzie, rose to their highest since March…

Cuatro factores son los que están detrás de la trama financiera que promueve o trabaja con el dólar paralelo cuyo desmantelamiento ha iniciado en los últimos días el gobierno venezolano, operación que hasta el momento ha dejado un saldo de 25 detenidos: fijadores de precio por vía de páginas w...

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

Este martes en horas de la mañana se prevé desarrollo nuboso con precipitaciones diferentes partes del país, específicamente en la Guayana Esequiba, Bolívar, Amazonas, este de Sucre, Carabobo, Yaracuy, este de Falcón, Lara, este de Guárico, Cojedes, Apure, Barinas, Portuguesa, Andes y lago de Maraca...

BP’s refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline. The Rotterdam refinery is one of Europe’s largest and has the capacity to process 400,000 bpd of crude,…

BP’s refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline. The Rotterdam refinery is one of Europe’s largest and has the capacity to process 400,000 bpd of crude,…

El mundo en general tiene ahora una opinión abrumadoramente más positiva de China que de Estados Unidos, y el 79% de los países del mundo favorece al gigante asiático, de acuerdo a la encuesta de la Fundación Alianza para las Democracias. El relacionista público Arnaud Bertrand, en ...