Oil prices slumped on Friday, with Brent crude falling 1.57% in afternoon trading as the oil demand outlook out of China continues to weigh on market sentiment. Oil prices are set to finish out a loss for the week, a weak starting point for OPEC as they prepare for their Joint Ministerial Monitoring Committee meeting scheduled for August 1. China’s refinery utilization has sagged this month, down 3.5% from this same time last year, and its crude oil imports have also been done 325,000 year over year through June. This disappointing crude…

26 de julio de 2024.- Estas acciones revolucionarias despertaron la conciencia popular que llevó a la victoria definitiva el 1 de enero de 1959. Miles de cubanos celebran este viernes en la ciudad de Sancti Spíritus, al centro del país caribeño, el 71° aniversario del asalto a los cuarteles Monca...

26 de julio de 2024.- Los adultos europeos consumen un promedio de 9,2 litros de alcohol puro al año, lo que los convierte en los mayores bebedores del mundo, comunicó hoy la Organización Mundial de la Salud (OMS). Según un nuevo informe de OMS/Europa, que abarca a los países europeos y centroasi...

  Canada’s federal government plans to postpone the sale of the state-owned Trans Mountain oil pipeline for after the 2025 general election amid politics, regulations, and slow progress in talks with indigenous groups, Bloomberg reported on Friday, quoting officials with knowledge of the discussions within the cabinet.   The Federal Government of Canada bought the Trans Mountain Pipeline Expansion (TMX) from Kinder Morgan back in 2018, together with related pipeline and terminal assets. That cost the…

Durante una reciente entrevista, la presidenta ejecutiva de la Asociación de Líneas Aéreas de Venezuela (ALAV), Marisela de Loaiza, informó sobre el aumento creciente de la conectividad aérea del país, y subrayó que se han registrado 192 vuelos internacionales semanales hacia 21 destinos, una ...

El presidente de la República, Nicolás Maduro, anunció este jueves la llegada al país de las primeras aulas virtuales, que contarán con inteligencia artificial, para robustecer la infraestructura educativa del país con tecnología avanzada. “La infraestructura educativa y de fo...

El presidente de la Cámara de la Industria Farmacéutica de Venezuela (Cifar), Tito López, precisó que el 28 de julio de 2024, día de las elecciones presidenciales en el país, el sector trabajará de manera normal. En ese sentido, acotó que ha habido una recuperación del 43% en los pr...

It's been a volatile week in oil markets as concerns over Chinese demand pressured prices despite a decline in U.S. crude inventories and wildfires in Canada.Friday, July 26th, 2024A rollercoaster of the week has left most market watchers guessing as to what might be coming up next for oil. Canada’s wildfires, continuously decreasing US oil stocks, and GDP figures in the States coming in well above expectations should have lifted sentiment, but the signals went mostly unnoticed amidst a widespread tech stock selloff and a commodity-wide…

Chinese electricity consumption in the data services industry and for charging and battery services soared in the first half of 2024, driven by technology and electric vehicles, data from the China Electricity Council has shown. Power consumption in data centers, big data, and cloud computing jumped by 33% between January and June compared to the same period of 2023, according to the data cited by China Daily. China’s electricity consumption for charging and battery swapping services surged by 63.7% in the same period, Jiang Debin, deputy…

El exmiembro de la banda Pink Floyd, Roger Waters, catalogó a María Corina Machado de "serpiente en la hierba" y a Edmundo González como "títere", puesto que ambos representan los intereses de Estados Unidos y no los del pueblo venezolano. El también cantante y c...

El Instituto Nacional de Meteorología e Hidrología (Inameh) pronostica cielo parcialmente nublado y zonas despejadas en gran parte del territorio nacional; sin embargo, se observa nubosidad generadores de lluvias o chubascos al sur de Guayana Esequiba, Bolívar, norte de Amazonas, este de Falcó...

Mientras que el presidente argentino, Javier Milei, implementa lo que él mismo denomina como "el mayor ajuste fiscal de la historia de la Humanidad" y hasta crea un Ministerio de Desregulación y Transformación del Estado, una provincia argentina llamada La Rioja, aprobó una nueva Con...

Mexico is scouring the U.S. and Asian fuel markets for more imports of gasoline and diesel in 2024 and 2025 as the country’s newest refinery is struggling to start up, several traders have told Reuters. The Olmeca refinery, also known as Dos Bocas, is a flagship project of outgoing Mexican President Andrés Manuel López Obrador, who sought to reduce Mexico’s dependence on fuel imports from the United States. The 340,000 barrels per day (bpd) refinery, however, has seen multiple delays and budget overruns and is…

Mexico is scouring the U.S. and Asian fuel markets for more imports of gasoline and diesel in 2024 and 2025 as the country’s newest refinery is struggling to start up, several traders have told Reuters. The Olmeca refinery, also known as Dos Bocas, is a flagship project of outgoing Mexican President Andrés Manuel López Obrador, who sought to reduce Mexico’s dependence on fuel imports from the United States. The 340,000 barrels per day (bpd) refinery, however, has seen multiple delays and budget overruns and is…

El ministro para la Defensa, G/J Vladimir Padrino López, sostuvo una reunión con los oficiales de las FANB con la finalidad de afinar los detalles de la Operación República. En su cuenta X, el también vicepresidente Sectorial de Soberanía, Seguridad y Paz, y posteó un vídeo en donde...

Even as independent Chinese refiners have reduced the intake of Iranian crude amid low refining margins, China has continued to import near-record levels of Iranian oil this year as a new demand center emerged in the northeast of the country, Reuters reported on Friday, quoting trading sources and tanker-tracking firms. The port city of Dalian, which has 6% of China's crude processing capacity, has seen only sporadic shipments of oil from Iran in the past few years, oil flow tracking firms Vortexa and Kpler have told Reuters. But Dalian has recently…

Even as independent Chinese refiners have reduced the intake of Iranian crude amid low refining margins, China has continued to import near-record levels of Iranian oil this year as a new demand center emerged in the northeast of the country, Reuters reported on Friday, quoting trading sources and tanker-tracking firms. The port city of Dalian, which has 6% of China's crude processing capacity, has seen only sporadic shipments of oil from Iran in the past few years, oil flow tracking firms Vortexa and Kpler have told Reuters. But Dalian has recently…

The next U.S. president will have a very limited set of tools to materially boost oil supply in the United States, according to investment bank Goldman Sachs. Whoever wins the presidential election in November will have to contend with low stocks in the Strategic Petroleum Reserve (SPR). Moreover, any regulatory easing on the U.S. oil industry – expected if Donald Trump wins – would only have an impact on the longer-term U.S. crude oil production, not on immediate supply, analysts at Goldman Sachs wrote in a note carried by Reuters.…

Tras una movilización que abarcó 10 de las principales avenidas de Caracas, capital del país, el presidente venezolano y candidato a la reelección, Nicolás Maduro, cerró su campaña electoral con un llamado a la unidad entre distintos sectores de la población que, en su decir, se han constituid...

Oil Market Rollercoaster: A Week of Twists and Turns The crude oil market experienced a turbulent week, with prices oscillating as traders weighed economic data, global events, and supply-demand shifts. The week began cautiously, saw a mid-week upturn, and then faced renewed pressure as various factors came into play. Despite the volatility, a key development emerged: traders demonstrated respect for technical support levels, particularly as positive U.S. economic news surfaced. This interplay of technical and fundamental factors allowed light…