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Octopus CEO Urges UK To Tap North Sea Oil To Stabilize Prices

Oil news - Thu, 03/05/2026 - 21:00
Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and rethink its key net zero policies.  Jackson said the county was “staring down the barrel” of an energy price shock in light of the conflict in the Middle East.  The Octopus chief executive who is also a member of the industrial strategy advisory council and has shared close ties with key government figures including business secretary Peter Kyle, warned “economic damage” from the…
Categories: Oil news

Hormuz Shock Sends China and India Racing for Russian Crude

Oil news - Thu, 03/05/2026 - 20:00
The crisis around the Strait of Hormuz has become a severe stress test for both Gulf crude suppliers and their key buyers. Despite repeated assurances from U.S. officials that the waterway was never formally blocked, satellite tracking suggests that no oil or product tankers transited the strait since March 1. The disruption immediately placed the world’s largest importers under pressure. China and India together consume tens of millions of barrels per day, and both remain structurally dependent on Gulf crude. China has steadily expanded…
Categories: Oil news

(VIDEO) Ángel Arias, de LTS: no a a reforma regresiva de la Ley Orgánica del Trabajo

Apporea noticias - Thu, 03/05/2026 - 19:49
Jueves, 05 de marzo de 2026.- Para Ängel Arias, trabajador del sector público y quien forma parte del la Liga de Trabajadores Socialistas (LTS), quien estuvo presente en la protesta por un salario justo y el respeto por los derechos de los trabajadores que se efectuó el jueves 26, frente a la ...
Categories: Venezuelan news

Drone Strike Hits Bahrain Refinery as Crack Spreads Surge

Oil news - Thu, 03/05/2026 - 19:45
A drone strike hit oil infrastructure in Bahrain’s Ma’ameer industrial area, according to multiple early reports Thursday morning, raising  concerns about the vulnerability of Gulf refining assets as regional tensions escalate. The Ma’ameer area is home to infrastructure connected to BAPCO’s refining operations. While full details remain limited, early reports indicate an Iranian ballistic missile attack targeted energy infrastructure in the industrial zone rather than upstream production. Authorities have not yet released…
Categories: Oil news

Drone Strike Hits Bahrain Refinery as Crack Spreads Surge

Oil news - Thu, 03/05/2026 - 19:45
A drone strike hit oil infrastructure in Bahrain’s Ma’ameer industrial area, according to multiple early reports Thursday morning, raising  concerns about the vulnerability of Gulf refining assets as regional tensions escalate. The Ma’ameer area is home to infrastructure connected to BAPCO’s refining operations. While full details remain limited, early reports indicate an Iranian ballistic missile attack targeted energy infrastructure in the industrial zone rather than upstream production. Authorities have not yet released…
Categories: Oil news

Drone Strike Hits Bahrain Refinery as Crack Spreads Surge

Oil news - Thu, 03/05/2026 - 19:45
A drone strike hit oil infrastructure in Bahrain’s Ma’ameer industrial area, according to multiple early reports Thursday morning, raising  concerns about the vulnerability of Gulf refining assets as regional tensions escalate. The Ma’ameer area is home to infrastructure connected to BAPCO’s refining operations. While full details remain limited, early reports indicate an Iranian ballistic missile attack targeted energy infrastructure in the industrial zone rather than upstream production. Authorities have not yet released…
Categories: Oil news

Shell Signs Oil and Gas Exploration Deal in Kazakhstan

Oil news - Thu, 03/05/2026 - 19:30
Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy Ministry said on Thursday. The agreement – signed by Kazakhstan’s Deputy Energy Minister Yerlan Akbarov and Suzanne Coogan, Senior Vice President and Country Chair at Shell Kazakhstan – entails seismic exploration, data collection, and technical assessment of potential oil and gas resources in the Zhanaturmys block. The contract will run until 2032, considering the scale and technical complexity…
Categories: Oil news

China to Further Boost Crude Oil Reserves under Five-Year Plan

Oil news - Thu, 03/05/2026 - 19:00
The world’s top crude importer, China, plans to further boost its undisclosed strategic oil reserves and expand storage capacity under its newly-unveiled five-year development plan. China will build more projects to expand its oil reserves, according to the authorities, who did not provide figures or details about the expected jump in crude reserve buildups and capacities. The country is also betting on growing its domestic natural gas production and keeping its crude oil output steady at about 4 million barrels per day (bpd), or 200 million…
Categories: Oil news

Irán afirma que atacó un petrolero de EE.UU. en el golfo Pérsico

Apporea noticias - Thu, 03/05/2026 - 18:36
El Cuerpo de la Guardia Revolucionaria Islámica (IRGC) afirmó este jueves haber atacado un petrolero estadounidense en el golfo Pérsico, recoge la agencia Tasnim. De acuerdo con la información com...
Categories: Venezuelan news

Japanese Refiners Urge Government to Release Strategic Oil Reserves

Oil news - Thu, 03/05/2026 - 18:30
Japan’s oil refiners, which source about 95% of their crude supply from the Middle East, are calling on the Japanese government to tap the strategic petroleum reserves to ensure smooth operations and crude for refineries as the Middle East war escalates.      Japanese refiners are in talks with the government to potentially access strategic stockpiles and oil stored in tanks that are leased to producing countries, anonymous sources with knowledge of the development told Bloomberg on Thursday.   On Tuesday,…
Categories: Oil news

Japanese Refiners Urge Government to Release Strategic Oil Reserves

Oil news - Thu, 03/05/2026 - 18:30
Japan’s oil refiners, which source about 95% of their crude supply from the Middle East, are calling on the Japanese government to tap the strategic petroleum reserves to ensure smooth operations and crude for refineries as the Middle East war escalates.      Japanese refiners are in talks with the government to potentially access strategic stockpiles and oil stored in tanks that are leased to producing countries, anonymous sources with knowledge of the development told Bloomberg on Thursday.   On Tuesday,…
Categories: Oil news

Marzo inicia con la entrega del "Bono Único Familiar": Bs. 6.300

Apporea noticias - Thu, 03/05/2026 - 18:23
El mes de marzo comenzó con la asignación del Bono Único Familiar, cuyo monto es de 6.300 bolívares, el cual va dirigido a jefes de hogar registrados en el Sistema Patria, según informó el canal Patria Digital. El mensaje difundido a través de Telegram señala que "inicia la ent...
Categories: Venezuelan news

Venezuela y el Reino Unido fortalecen agenda de cooperación bilateral y comercial

Apporea noticias - Thu, 03/05/2026 - 18:15
Las delegaciones de Venezuela y el Reino Unido definieron en la Casa Amarilla una hoja de ruta para fortalecer la cooperación económica. Este acercamiento ratifica la estrategia del Ejecutivo de diversificar sus nexos estratégicos y expandir su presencia diplomática en el continente europeo
Categories: Venezuelan news

PIB venezolano creció 8,66% en el 2025, dice el BCV

Apporea noticias - Thu, 03/05/2026 - 18:08
El Banco Central de Venezuela (BCV) hizo una publicación este miércoles, 4 de marzo, respecto...
Categories: Venezuelan news

Senate Rejects Curbs on Trump's War Powers

Oil news - Thu, 03/05/2026 - 17:52
US and Israeli forces continued to strike Iran, while the US Senate rejected a bid that would have limited President Donald Trump's authority to continue military action against the Middle East country without congressional approval. Trump earlier on March 4 said any Iranian officials who seek to assume top positions to replace Iran's fallen leaders "end up dead" and he vowed the United States and Israel will "continue forward" in the joint military campaign against the country. "We're in a very strong position now, and their leadership is just…
Categories: Oil news

(VIDEO) Ejecutivo presentará al Parlamento proyecto de reforma a la Ley de Minas

Apporea noticias - Thu, 03/05/2026 - 17:27
En el marco de la visita de la delegación estadounidense a Miraflores, la presidenta encargada, Delcy Rodríguez, anunció que el equipo económico presentará en los próximos días una propuesta de reforma a la Ley de Minas ante el Parlamento venezolano con el objeto de que permita ampliar las inv...
Categories: Venezuelan news

Desde México exigen la liberación de Nicolás Maduro y Cilia Flores

Apporea noticias - Thu, 03/05/2026 - 17:18
Un grupo de manifestantes se concentró este martes, frente a la embajada de Estados Unidos en la Ciudad de México para exigir la inmediata liberación del presidente de Venezuela, Nicolás Maduro, y de su esposa, Cilia Flores, al cumplirse dos meses de su secuestro por parte de Estados Unidos.
Categories: Venezuelan news

Oil Tanker Hit By Blast Near Kuwait, Major Leak Reported

Oil news - Thu, 03/05/2026 - 17:12
An oil tanker anchored off Kuwait reported late on Wednesday a large explosion and a subsequent leak from a cargo tank, the United Kingdom Maritime Trade Operations (UKMTO), a Royal Navy-sponsored organization, said on Thursday as the war in the Middle East escalates and tanker traffic through the Strait of Hormuz has come to a halt.   UKMTO said it had received a report of an incident 30 nautical miles south east of Mubarak Al Kabeer, Kuwait.   “The Master of a tanker at anchor, reports witnessing and hearing a large…
Categories: Oil news

Oil Tanker Hit By Blast Near Kuwait, Major Leak Reported

Oil news - Thu, 03/05/2026 - 17:12
An oil tanker anchored off Kuwait reported late on Wednesday a large explosion and a subsequent leak from a cargo tank, the United Kingdom Maritime Trade Operations (UKMTO), a Royal Navy-sponsored organization, said on Thursday as the war in the Middle East escalates and tanker traffic through the Strait of Hormuz has come to a halt.   UKMTO said it had received a report of an incident 30 nautical miles south east of Mubarak Al Kabeer, Kuwait.   “The Master of a tanker at anchor, reports witnessing and hearing a large…
Categories: Oil news

La salud comunal se fortalece casa por casa

Apporea noticias - Thu, 03/05/2026 - 17:05
En el complejo engranaje del Sistema Público Nacional de Salud de Venezuela la figura de los comités de salud ha dejado de ser un concepto administrativo para convertirse en el tejido conectivo vital entre las instituciones y el ciudadano. Tal y como explica Toni García, director de...
Categories: Venezuelan news

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