Wary of Worsening Export Economics, Chinese Refiners Flushes Out Stocks - Chinese companies maximized their exports of oil products in November, ahead of an increase in government levies after Beijing reduced the country’s VAT rebate for product exports from 13% to 9%.    - The combined exports of gasoline, diesel, and jet fuel accounted for 920,000 b/d last month, according to Chinese GAC statistics, a whopping 28% month-on-month increase as oil companies flushed out their stocks. - Slashing the tax rebate would result in…

Light crude oil futures are facing bearish sentiment, largely driven by concerns over global economic growth and oil demand. Weak consumer spending data from China, the world’s largest oil importer, has cast doubt on the resilience of its economic recovery. Despite signs of improvement in industrial production, the broader outlook for Chinese demand remains subdued, as Beijing struggles to implement effective stimulus measures. Energy transition policies in China are also expected to cap long-term petroleum consumption, further dampening…

Politics, Geopolitics & Conflict Venezuela’s PDVSA and India’s Reliance Industries have resumed a cautious oil-for-naphtha swap arrangement paused under U.S. sanctions, signaling a recalibration of geopolitical oil strategies. With a U.S. license in hand since July, the swap delivered 1.9M barrels of Merey crude to India and 500,000 barrels of naphtha to Venezuela, reflecting mutual economic necessity as Venezuela leverages barter deals to sustain its oil sector while India cautiously tests the limits of U.S. tolerance. The market…

Turkey has mediated a deal between Ethiopia and Somalia to grant the former access to the Red Sea and the Indian Ocean, ending a year-long dispute that threatened to spark a regional conflict. But the new deal voids an earlier deal with Somalia’s breakaway region of Somaliland, which would have given Ethiopia a naval base in Somaliland in return for recognition of independence.  The Turkish deal, dubbed the “Ankara Declaration” would give Ethiopia alternative access to the Red Sea, without undermining Somalia’s sovereignty…

Iran’s oil is increasingly finding its way into floating storage offshore Southeast Asia instead of at customers as a recent raft of U.S. sanctions on tankers shipping Iranian oil has made Chinese buyers more careful. The volumes of Iranian oil stored on tankers at sea, predominantly offshore Malaysia’s eastern coasts, have swelled to their highest levels since the end of July, per data from Kpler cited by Bloomberg. As of December 15, a total of 16.82 million barrels of Iranian oil were sitting on tankers at sea without going anywhere.…

Sentiment in oil markets is decidedly bearish as the year draws to a close, with the Federal Reserve making it clear that it will not be aggressively cutting interest rates any time soon.Slower and shallower were the two key takeaways for the Federal Reserve's 2025 rate policy outlook, with a suggested prolonged pause in rate-cutting next year adding insult to the oil market’s injury. China remains a bearish factor for oil with almost all 2025 outlooks trying to outcompete one another in terms of bearishness, all this leading to a dip in…

El presidente Nicolás Maduro, durante una jornada de salud en la parroquia Las Brisas de Charallave, en el municipio Cristóbal Rojas del estado Miranda, reinauguró 22 obras de salud que se restauraron gracias a los esfuerzos de las Brigadas Comunitarias Militares (Bricomiles) y el programa 1&t...

La vicepresidenta argentina Victoria Villarruel cargó contra la decisión de autorizar el viaje a Venezuela del gendarme argentino Nahuel Gallo, quien está detenido en el país desde el pasado 8 de diciembre por estar presuntamente implicado en la planificación de acciones terroristas. ...

The European Union should buy more oil and gas from the United States or risk tariffs, U.S. President-elect Donald Trump said on Friday. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas,” Trump posted on the social media platform Truth Social. “Otherwise, it is TARIFFS all the way!!!” The U.S., the world’s largest LNG exporter ahead of Qatar and Australia, is a major supplier of LNG to Europe, which is looking to boost alternative…

President-elect Trump’s proposed tariffs and the heightened risk of trade wars would be major challenges to the global energy transition, Mike Henry, the chief executive of mining giant BHP, told the Financial Times. Escalating trade tensions and tariffs on many products could delay decision-making about investment in the supply of the minerals that would be crucial to advance the energy transition, Henry told FT in an interview published on Friday.   Protectionism from the United States is likely to ease “the aggressiveness with…

Los servicios de inteligencia estadounidenses trabajan para reclutar a venezolanos en Ecuador con el objetivo de utilizarlos en operaciones desestabilizadoras en el país bolivariano, según informaron fuentes de RT. Se detalla que la búsqueda de candidatos se realiza a través de las ...

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La presidenta de México, Claudia Sheinbaum, calificó este martes a Venezuela como un país progresista, alineado con otras naciones de América Latina que comparten una visión enfocada en la justicia social, la soberanía regional y la lucha contra las desigualdades. Durante una rueda ...

The rise of data centers and their quest for renewable energy to power AI technology will boost the growth of renewables even under President Donald Trump, the Americas head of Japan’s biggest bank, Mitsubishi UFJ Financial Group, told Reuters. “The new administration will be more constructive on fossil fuels, but that doesn't mean renewables go away,” Kevin Cronin, Regional Executive and CEO for The Americas at MUFG, told Reuters in an interview published on Friday.   Surging demand from data centers will boost renewables…

20-12-24.-El precio del dólar en el Banco Central de Venezuela (BCV) se cotizó este jueves 19 de diciembre 2024 en Bs.51,35 por unidad según la última actualización en su página web oficial y redes sociales.  El euro se cot...

20-12-24.-En la madrugada del jueves 19 de diciembre excarcelaron a Yohana Daniela Piva Álvarez, médico residente del Instituto Autónomo Hospital Universitario de Los Andes (Iahula) en Mérida luego de seis días detenida por la presunta comisión del delito de distracción de bienes provenientes del Es...

20-12-24.-En la última quincena del 2024, un año muy movido políticamente hablando, con sus altibajos en el ámbito económico, además, también se ha conmemorado los 25 años de la Constitución de Venezuela. Este año, se celebraron las controversiales elecciones presidenciales y los jueces de paz. ...

20-12-24.-Un tribunal de Australia acusó este jueves a una ciudadana colombiana de someter a servidumbre forzada a un grupo de venezolanos, la segunda persona de esta nacionalidad imputada en este caso, informó la Policía. La acusada, de 35 años, fue detenida la víspera en su hogar en la ciudad d...

20-12-24.-El ministro de Transporte, Ramón Celestino Velásquez Araguayán, es designado director en carácter de encargado del Instituto Aeropuerto Internacional de Maiquetía. Este nombramiento entró que vigencia desde el 16 de dicie...

20-12-24.-El excandidato presidencial, Enrique Márquez, exigió este domingo, 15 de diciembre, justicia para la familia del preso político Jesús Álvarez, quien murió cuando estaba recluido en la cárcel de Tocuyito, bajo custodia del gobierno de Nicolás Maduro. “Maduro insiste e...