Oil prices surged $7 this week as Iran tensions, Hormuz risks, and weak signals from the Xi-Trump summit overshadow bearish OPEC and IEA demand forecasts. Friday, May 15, 2026 In a week that started off with both OPEC and the IEA slashing their demand forecasts for 2026, oil prices are set for a hefty $7 per barrel week-on-week gain. The much-anticipated Xi-Trump summit in Beijing provided little hope for any short-term market normalization, turning out to be quite thin on commodity-relevant substance. Iran has added fuel to the oil market’s…

Pakistan has negotiated the passage of vessels laden with Qatari LNG out of the Strait of Hormuz in a diplomatic feat that no other energy buyer has managed so far in the Iran war. Pakistan, which was the mediator of the U.S.-Iran talks and is passing messages from one to the other, appears to have used well its close ties with both Qatar and Iran to negotiate the successful imports of two tankers with Qatari LNG. Pakistan has relied on Qatar's term LNG supply for years, but the war in the Middle East has led to the shutdown of Qatari LNG production…

Pakistan has negotiated the passage of vessels laden with Qatari LNG out of the Strait of Hormuz in a diplomatic feat that no other energy buyer has managed so far in the Iran war. Pakistan, which was the mediator of the U.S.-Iran talks and is passing messages from one to the other, appears to have used well its close ties with both Qatar and Iran to negotiate the successful imports of two tankers with Qatari LNG. Pakistan has relied on Qatar's term LNG supply for years, but the war in the Middle East has led to the shutdown of Qatari LNG production…

Las alcaldías de Baruta y El Hatillo informaron que los fuertes bajones eléctricos registrados este jueves afectaron de manera directa la operatividad de los sistemas de distribución de agua Tuy I, Tuy II y Tuy III, dejando a varios sectores de la capital sin suministro.

CARACAS — En el marco de la agenda conmemorativa por el Mes de la Afrovenezolanidad, el movimiento social e institucional

El actual proceso de reestructuración de la deuda pública y externa de la República y de Petróleos de Venezuela (Pdvsa) constituye un paso determinante para la reinserción...

Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The UK oil and gas supermajor has not taken any final decision on a potential sale, while a spokesperson for BP told Reuters the group doesn’t comment on market speculation. BP has been operating in Egypt for more than 60 years, investing over $35 billion in the North African country during these six decades. BP and the partnerships it has with other companies…

Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The UK oil and gas supermajor has not taken any final decision on a potential sale, while a spokesperson for BP told Reuters the group doesn’t comment on market speculation. BP has been operating in Egypt for more than 60 years, investing over $35 billion in the North African country during these six decades. BP and the partnerships it has with other companies…

Durante el programa A Pulso, transmitido por Venezolana de Televisión (VTV), el vicepresidente Sectorial de Economía y Finanzas, Calixto Ortega, aseguró que Venezuela dejó de cumplir con sus pagos tras la imposición de "una de las sanciones más destructivas impuestas a la economía venezol...

Abogados que representan a Venezuela solicitaron esta semana a la Corte de Delaware, Estados Unidos, que anule la venta de Citgo debido a que la compañía se ha revalorizado. Al respecto, la agencia

The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a barrage of criticism that the policy is depriving the UK of billions of pounds in tax receipts without helping the environment. As part of an Energy Independence Bill announced in the King’s Speech, the government will bake into law its pre-election pledge not to explore new oil and gas fields in a bid to “take control of our energy security”.…

"Hemos dado batallas que a veces tenemos que hacerlas en silencio", subrayó el dirigente revolucionario El secretario general del Partido Socialista Unido de Venezuela (PSUV), Diosdado Cabello Rondón, ratificó el compromiso del

El Ejecutivo Nacional inicia en los próximos días el depósito del bono por Ingreso Contra la Guerra Económica correspondiente al mes de mayo. Esta bonificación especial que complementa el salario de los trabajadores de la administración pública y, además, viene con un ajuste de acue...

La acusación penal contra el candidato presidencial peruano Roberto Sánchez apunta a debilitar su imagen pública de cara a la segunda vuelta en la que enfrentaría a Keiko Fujimori, dijo a Sputnik el analista político Martín Manco. Para el experto, el fujimorismo apunta a desatar una «cam...

CARACAS — El Ministerio del Poder Popular para el Ecosocialismo (Minec), a través de la Fundación Nacional de Parques Zoológicos, Zoocriaderos y Acuarios (Funpzza), emitió un comunicado oficial para aclarar ante la opinión pública que no existen convenios, propuestas ni negociaciones vig...

India's trade deficit widened in April by more than analysts had expected as the surge in oil and gas prices hiked the Indian energy import bill. Trade deficit jumped to $28.38 billion last month, according to data from the Ministry of Commerce and Industry published on Friday. The trade gap in April widened by $8 billion compared to the $20.6 billion deficit in March, and was higher than economists had expected at about $26 billion. India's total exports grew by 13.8% in April from a year earlier to hit $43.56 billion, the data showed. However,…

India's trade deficit widened in April by more than analysts had expected as the surge in oil and gas prices hiked the Indian energy import bill. Trade deficit jumped to $28.38 billion last month, according to data from the Ministry of Commerce and Industry published on Friday. The trade gap in April widened by $8 billion compared to the $20.6 billion deficit in March, and was higher than economists had expected at about $26 billion. India's total exports grew by 13.8% in April from a year earlier to hit $43.56 billion, the data showed. However,…

MÉRIDA — El Terminal de Pasajeros "José Antonio Paredes", ubicado en el municipio Libertador del estado Mérida, inició la ejecución de un sistema digitalizado y automatizado en sus áreas administrativas, convirtiéndose en el primer puerto terrestre del país en adecuar su infrae...

Con una propuesta que invita a la reflexión y al intercambio, se desarrolla en Mérida la Primera Semana Cultural de África, una iniciativa impulsada por el Centro de Estudios de África y Asia (CEAA) de la Universidad de los Andes (ULA). El evento ha conectado a los merideños con la historia, e...

El CEO de la petrolera española Repsol, Josu Jon Imaz, anunció que incrementará su producción de gas en Venezuela en un 10 %. "Aumentaremos la producción de gas en Venezuela en un 10 %, de 580 millones de pies cúbicos por día a 640 millones", informó durante la Junta Gener...