Geopolitics, growing oil supply, longer voyages, and disruptions due to sanctions and altered shipping lanes pushed crude oil tanker rates to multi-year highs at the end of 2025. After a dip in January, rates started climbing again this month in what shipping executives described as a fundamental shift in the market for very large crude carriers (VLCC) capable of carrying around 1.9 million barrels to 2.2 million barrels of crude.   This shift is a major buying spree from South Korea’s Sinokor shipping group and Italian billionaire…

Back in March 2024, the Federal Government of Somalia and the Republic of Türkiye signed a major offshore hydrocarbon exploration and production agreement in Istanbul. This strategic partnership allowed Turkey’s state-owned energy company, Turkish Petroleum Corporation (TPAO), to conduct 3D seismic surveys and drill for oil and gas in both offshore blocks and three land blocks covering roughly 16,000 square kilometers, with the additional agreement for onshore exploration signed in early 2025.  Turkey wasted little time, dispatching…

California’s governor this week inked an energy partnership deal with the UK’s Department for Energy Security and Net Zero (DESNZ) - and it made the U.S. president quite angry. Trump dubbed Gavin Newsom’s actions inappropriate in the latest flare-up between the federal government and green-focused California, as the two diverge ever more on energy policies. “The U.K.’s got enough trouble without getting involved with Gavin Newscum,” President Trump told Politico, asked about his comments on the deal between Newsom…

Caracas, 17 de febrero de 2026.- Instalaciones modernas, áreas confortables, gastronomía, recreación y más disfrutan los visitantes del Complejo Venetur Los Caracas ubicado en el estado La Guaira, en estos Carnavales por la Paz 2026. Cientos de turistas venidos de distintas partes del...

Shares of BHP Group, the world's largest miner, jumped to a record high in Australia after it posted earnings at the top end of Wall Street expectations. The miner's pivot into copper, aided by a surging rally in industrial metals, offset softer conditions in its iron ore unit. BHP chief executive Mike Henry reaffirmed to investors earlier on a call that the miner is pivoting toward "future-facing" metals. In other words, he explained that the world's largest miner's shift away from operations focused on serving China's steel mills has paid off,…

Here is the question: what happens when renewables are acknowledged as the superior technology for electric power generation? Basically,  we see a process of displacement (one commodity producer, renewables, displacing another, fossil fuels), and that leads us to the issue of minimum viable scale in connection with this postulated energy transition. Basically,  minimum viable scale means the minimum throughput needed to keep the system running and economically viable.  Imagine a toll road that charges fees to all vehicles to pay…

17 de febrero de 2026.- El Congreso de Perú destituyó oficialmente al presidente interino José Jerí, por falta de idoneidad, reunión con empresarios chinos y otras polémicas que surgieron en los últimos días. "La mesa directiva declara la vacancia del presidente de la república", anunció el jefe...

17 de febrero de 2026.- El mercado de criptomonedas sufrió este día un duro golpe cuando el bitcóin se desplomó por debajo de los 67.000 dólares, desencadenando una venta masiva que evaporó aproximadamente 40.000 millones de dólares de capitalización bursátil en solo media hora. La caída se produ...

Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its balance sheet. The London-based oil baron announced in its final results on Tuesday that it has suspended its share buyback programme and increased its cost-cutting goal as it looks to reverse its fortunes in the next financial year. The company said the decision was taken to allow it to increase investment into its oil production business and “fully allocate excess cash” to its balance sheet. The group also increased…