Rising non-OPEC+ production and only modest growth in global oil demand will leave the market well-supplied next year, analysts say, as they remain cautiously bearish on crude oil prices amid a myriad of uncertainties in 2025. At the end of 2024, investment banks said they expect oil prices to stay around the current levels for 2025—in the low $70s per barrel Brent—with risks skewed to the downside on potential escalation of trade tensions. Analysts and traders are aware that the only certain thing about oil price forecasts is that…

European natural gas futures rebounded to over €41.5 per megawatt-hour on Tuesday, up from the over one-month low of €39.5 they touched on Monday as markets continue assessing the outlook of gas supply to Europe and the Ukraine gas transit deal comes to an end. Several gas companies and network operators in Hungary and Slovakia, which cover clients from Italy and Austria, have been pushing for the European Commission to extend the Ukraine transit deal beyond 2024. However, the EC appears determined to achieve its goal to end dependency…

As the new year approaches and the book on an eventful year in the energy world closes, 2025 looks set to bring more volatility, geopolitical tension and policy evolutions. Elections in almost all major global economies in 2024 have set the stage for a shifting policy landscape next year, most notably in the US, as President-elect Donald Trump outlines his priorities and plans for the incoming administration. The push for decarbonization continues, but numerous challenges persist, including economic instability, evolving energy demands and infrastructure…

Crude oil inventories in the United fell by 4.7 million barrels for the week ending December 6, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.85 million barrels. For the week prior, the API reported a 499,000-barrel build in crude inventories. So far this year, crude oil inventories have fallen by roughly 8 million barrels since the beginning of the year, according to API data. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by…

Es 17 de diciembre, mes 12 del 2024. Es el día úmero 352 del año (bisiesto) y faltan 14 días para su ter...

La Operadora Móvil suma su quinta Oficina de Servicio y Atención al Cliente, implementando un modelo de atención. 17 de diciembre de 2024.-Movilnet reinauguró su Oficina de Servicio y Atención al Cliente en el nivel C-3 del Centro Comercial El Recreo...

China has transformed itself from a minor player in the auto industry two decades ago to the world leader in car production and exports, particularly in electric vehicles (EVs), the New York Times reported late last month. But the trend of China's impact on the global auto market has been best characterized by this chart, published over the weekend, showing how Chinese car production has gone from 1% to 39% of global production in 20 years. The rapid ascent was fueled by significant government investment, advancements in automation, and the growth…

17 de diciembre de 2024.- Se reportó un total de 26.605 casos de violencia de pareja. La Defensoría del Pueblo en Colombia dio a conocer el registro de 745 feminicidios entre enero y octubre de este año dentro del balance de cifras en materia de protección de derechos humanos, una cifra que gener...

The 2024 hurricane season was relentless, and it took U.S. energy infrastructure along for the ride. Above-average storm activity—18 named storms, five of which were major hurricanes—created disruptions in electricity markets and oil and gas production in the Gulf of Mexico. Hurricanes Helene and Milton, both Category 3 storms, were the heavy hitters. Making landfall on Florida’s Gulf Coast in late September and early October, they wreaked havoc on power grids, petroleum supply chains, and inland states as they barreled north.…

The UN climate conference, COP29, held in Baku in November garnered plenty of global attention. But another, lower-profile UN-sponsored COP, shorthand for conference of parties, convened earlier in December in Saudi Arabia. That COP tackled another global warming-related challenge – the spread of desertification.  Barron Joseph Orr, the lead scientist for the UN Convention to Combat Desertification (UNCCD), cautioned at the COP about a “knock-on effect” in which warming-caused loss of agricultural land can cause the loss…

17 de diciembre de 2024.- El jefe de las Tropas de Defensa Radiológica, Química y Biológica de las Fuerzas Armadas de Rusia, Ígor Kirílov, ha muerto la madrugada de este martes en Moscú a causa de la explosión de un artefacto, según lo confirmó la representante oficial del Comité de Investigación ru...

  Last week, China imposed export bans on antimony, gallium, and germanium—all of which are listed on China’s dual-use export control list. Other minerals on the list and, thus, at risk of future bans include aluminum, magnesium, and zinc, among others. Beyond their economic importance, many of these minerals have military applications. For example, tungsten superalloys are used in military turbines and armor-piercing munitions, while bismuth is used in ammunition and alloys for defense. With many minerals, the U.S. government…

17 de diciembre de 2024.- El exmandatario señala que la orden de aprehensión en su contra emitida por la Fiscalía General de Bolivia es parte de una campaña de «lawfare» o «guerra judicial» en su contra para inhabilitarlo políticamente de cara a las próximas elecciones. A raíz de una orden de apr...

17 de diciembre de 2024.- Irlanda notificó hoy una multa por 251 millones de euros a la transnacional estadounidense Meta por fallas en su red de Facebook, que propiciaron el pirateo de millones de cuentas individuales. En nombre de la Unión Europea (UE), la Comisión de Protección de Datos del p...

Normally, the week leading up to the winter holiday in the European Union is the busiest, with thorny decisions to be made before the year ends. Just look at last year, when EU leaders eventually gave Moldova and Ukraine the green light to start accession talks, granted Georgia candidate status, and approved a rather wide-ranging sanctions package on Russia. They also agreed to channel some previously frozen funds for Hungary while controversially failing to get Budapest's thumbs up for a 50 billion euro ($53 billion) package for Ukraine. (That…

Sometimes, no deal is better than a bad one—or so Kosmos Energy seems to think. The U.S. oil and gas firm abruptly called it quits on its potential takeover of West Africa-focused Tullow Oil, sending Tullow’s shares into a 10% tailspin on Tuesday. Kosmos didn’t offer up a reason, but “challenging” seems to be the word of the day: operational overlaps, debt-heavy balance sheets, and the ever-delicate dance with the Ghanaian government likely threw a wrench in the works. Had the two companies tied the knot, the combined…

17 de diciembre de 2024.- La Sala Penal del Tribunal Supremo de Justicia anuló una sentencia que favorecía a Oscar Rafael Aponte Landaeta, quien se desempeñó como presidente de Aceites y Solventes Venezolanos (Vassa), empresa adscrita a Petróleos de Venezuela (Pdvsa). Esa decisión de la Sala Pena...

Previously, U.S. President-elect Donald Trump threatened to impose 25% tariffs on all imports from Canada and Mexico for failure to clamp down on drugs and migrants crossing the border, with Canadian oil imports not exempt. Analysts have pointed out that imposing tariffs on Canada would drive up fuel prices for Americans, throwing into turmoil the biggest supplier of crude to the U.S. According to GasBuddy analyst Patrick De Haan, more than 20% of the oil processed by U.S. refiners is imported from Canada. According to De Haan, consumers in the…

17 de diciembre de 2024.- El Consulado General de la República Bolivariana de Venezuela en Milán, Italia, realizó un evento que consistió en llevar a esa sede diplomática una flor, en un acto especial para conmemorar los 194 años de la siembra del más grande hombre de América: Simón Bolívar, el 17 d...

India’s second-largest fuel retailer, Bharat Petroleum Corporation Limited (BPCL), plans to raise its refining capacity by 10 million tons per year by 2028, as the biggest Indian refiners consider a massive expansion to processing capacity to meet growing demand. State-controlled BPCL expects to raise its total refining capacity to 45 million tons per year by 2028 from the current 35.3 million tons per year, BPCL’s head of refining Sanjay Khanna said on Tuesday, as carried by Reuters. The increase in refining capacity is expected to…