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Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround activity limited the upside from margins and sales revenues. Marathon Petroleum booked a net loss of $74 million, or $0.24 per diluted share, for the first quarter of 2025, compared with net income of $937 million, or $2.58 per diluted share, for the first quarter of 2024. Marathon Petroleum attributed the loss “mainly due to the execution of the second…
Categories: Oil news
Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround activity limited the upside from margins and sales revenues. Marathon Petroleum booked a net loss of $74 million, or $0.24 per diluted share, for the first quarter of 2025, compared with net income of $937 million, or $2.58 per diluted share, for the first quarter of 2024. Marathon Petroleum attributed the loss “mainly due to the execution of the second…
Categories: Oil news
La reliquia espacial soviética Kosmos 482 se prepara para su caída final a la Tierra
6 de mayo de 2025.- Una cápsula espacial olvidada, lanzada en los albores de la Guerra Fría, está a punto de cerrar un capítulo de 53 años en el cosmos. La sonda soviética Kosmos 482, diseñada para conquistar Venus pero atrapada en órbita terrestre desde 1972, caerá a nuestro planeta entre el 7 y el...
Categories: Venezuelan news
Reprimen y detienen a estudiantes que protestaban por vínculos de la Universidad de Washington con la Boeing
La toma se produjo en el Edificio de Ingeniería Interdisciplinaria poco antes del cierre del recinto, según un comunicado de la universidad. El grupo «Estudiantes Unidos por la Igualdad y el Retorno de Palestinos» se atribuyó la acción, exigiendo que la UW cese sus vínculos con la ...
Categories: Venezuelan news
Rolling Blackouts Hit Tehran as Iran's Power Crisis Continues
Iran’s continued struggle with electricity shortages has led to the implementation of rolling blackouts in the capital, Tehran. Power cuts have become a fixture of both summer and winter months, but rolling blackouts this year have started earlier than usual despite the temperatures being relatively low. Government spokeswoman Fatemeh Mohajerani said during her weekly press conference on May 6 that the country was facing “multiple imbalances,” referring to rising demand for electricity, water, and gas. She said the government…
Categories: Oil news
(VIDEO) Trump cierra el grifo: propone suspender las contribuciones a la ONU, UNESCO y la OMS
Lunes, 06 de mayo de 2025.- La administración de Donald Trump ha propuesto suspender las contribuciones de Estados Unidos a la ONU, la UNESCO y la OMS, según el proyecto de presupuesto federal para el año fiscal 2026, publicado este viernes por la Casa Blanca.
Esta medida implicaría un recorte ...
Categories: Venezuelan news
Extraoficialmente se ha dado a conocer que liberaron a 10 presos políticos de Tocorón
Fuentes no oficiales informaron que el sábado en horas de la noche, fueron liberados 10 jóvenes que permanecían privados de libertad en el Centro Penitenciario de Aragua, mejor conocido como la cárcel de Tocorón, encarcelados tras las protestas y el descontento poselectoral de los comicios de ...
Categories: Venezuelan news
Oil Prices Bounce Back From OPEC+ Bombshell
Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel's decision to unwind production cuts at a faster rate than previously planned. Despite the recovery, uncertainty remains in markets and more volatility is likely.- Oil majors have been surprisingly inert in reacting to oil prices declining by more than $10 per barrel since early April, preferring to wait out the resolution of the U.S.-China trade war before cutting expenditures.- Posting a net profit of $7.7 billion, down 7%…
Categories: Oil news
Oil Prices Surge as Market Shrugs Off OPEC Quota Shock
Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production quotas by more than expected. WTI surged more than 4% on the day, trading above $59, while Brent gained 3.7%, reaching well above $62. The bounce comes after a bruising April that saw prices crater under the weight of U.S. tariffs and OPEC+ confusion. OPEC’s weekend move to raise quotas—reportedly by triple what most expected—initially sent prices tumbling. But the fine print matters. Chronic…
Categories: Oil news
Oil Prices Surge as Market Shrugs Off OPEC Quota Shock
Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production quotas by more than expected. WTI surged more than 4% on the day, trading above $59, while Brent gained 3.7%, reaching well above $62. The bounce comes after a bruising April that saw prices crater under the weight of U.S. tariffs and OPEC+ confusion. OPEC’s weekend move to raise quotas—reportedly by triple what most expected—initially sent prices tumbling. But the fine print matters. Chronic…
Categories: Oil news
Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates
U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder winter boosted sales and demand for electricity and gas. North Carolina-based Duke Energy – which serves 8.2 million electric utility customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky – booked adjusted earnings per share (EPS) of $1.76 for the first quarter of the year. This is higher compared to the adjusted EPS of $1.44 for the first quarter of 2024 and above the…
Categories: Oil news
Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates
U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder winter boosted sales and demand for electricity and gas. North Carolina-based Duke Energy – which serves 8.2 million electric utility customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky – booked adjusted earnings per share (EPS) of $1.76 for the first quarter of the year. This is higher compared to the adjusted EPS of $1.44 for the first quarter of 2024 and above the…
Categories: Oil news
Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates
U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder winter boosted sales and demand for electricity and gas. North Carolina-based Duke Energy – which serves 8.2 million electric utility customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky – booked adjusted earnings per share (EPS) of $1.76 for the first quarter of the year. This is higher compared to the adjusted EPS of $1.44 for the first quarter of 2024 and above the…
Categories: Oil news
Grave: Denuncian destrucción de más de 606 hectáreas en Canaima por la minería ilegal
La organización SOS Orinoco denunció la destrucción de 606 hectáreas dentro del parque nacional Canaima, Bolívar, producto de la minería ilegal en la zona.
«Desde hace un par de meses está desatada una «bulla» minera desde Santa Elena de Uairén con destino al río C...
Categories: Venezuelan news
Aporrea retiró ayer una publicación que proponía nombres para una eventual "Junta Patriótica"
Un documento con "Una propuesta de amplia composición patriótica y de modelo propio para salvar a Venezuela", suscito a nombre de la "Dirección Nacional del Chavismo Auténtico" (https://aporrea.org/actualidad/a340910.html borrado) fue retirado en el día de ayer ...
Categories: Venezuelan news
Más de 120 sismos se registraron durante el mes de abril en Venezuela
Durante el mes de abril de 2025, el Servicio Sismológico Venezolano (SSV), adscrito a la Fundación Venezolana de Investigaciones Sismológicas (Funvisis), registró un total de 124 sismos en el territorio nacional.
La información proviene del reporte de la red sismológica, difundida a...
Categories: Venezuelan news
Iraq’s Oil Exports to India Topped $29 Billion in 2024
OPEC’s second-largest producer, Iraq, exported crude oil and petroleum products worth $29.58 billion to India last year, trade data reported by Shafaq News showed on Tuesday. Iraq, which was India’s top crude oil supplier before 2022 and the flow of cheap Russian oil, unwanted or banned in the West, held in 2024 a market share of about 20% of all crude oil imports into India, the world’s third-largest crude importer. Total Iraqi crude and refined petroleum product exports to India were valued at $29.58 billion, of which $28.6…
Categories: Oil news
Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash
The recent oil price crash will surely hit Saudi Arabia’s state finances going forward, but the Kingdom already booked a hefty budget deficit for the first quarter, before oil prices dropped dramatically. During the first quarter of the year, the budget deficit of the world’s top crude oil exporter swelled to $15.6 billion (58.7 billion Saudi riyals), data from the Saudi Finance Ministry showed. That’s already more than half of the deficit the Kingdom had forecast for the full year in its FY 2025 budget statement— a deficit…
Categories: Oil news
Weak Chinese Imports Sink Asia’s Coal Prices to Four-Year Low
China’s streak of weak monthly coal imports continues, dragging thermal coal prices in Asia to a four-year low. Record-high domestic coal production and weaker coal-fired power generation in China have resulted in declining demand for thermal coal imports into the world’s biggest coal market. In April, China’s coal imports fell to 22.72 million metric tons, from 23.84 million tons imported in March, per data from commodity analysts Kpler cited by Reuters columnist Clyde Russell. Over the period January to April, China’s…
Categories: Oil news
Asesinan en Aragua a comisario jefe de la PNB y a su acompañante
06-05-25.-En horas de la madrugada de este domingo #04May, un comisario jefe de la Policía Nacional Bolivariana (PNB) y su acompañante fueron asesinados a tiros.
Extraoficialmente, se conoció que el crimen ocurrió en la urbanización Jardines de Turagua, municipio José Ángel Lamas del estado Aragu...
Categories: Venezuelan news