Winter storm Fern has slashed U.S. oil and gas production as operators curtailed output amid the big freeze. Over the weekend, the storm led to producers losing up to 2 million barrels per day (bpd) of oil production, or about 15% of total U.S. oil output, according to estimates by analysts and traders cited by Reuters. According to estimates by Energy Aspects, the Permian alone saw production outages of around 1.5 million bpd. However, production is already recovering, and the lost output in the Permian is down to some 700,000 bpd. Output is expected…

Winter Storm Fern has eclipsed Kazakhstan’s Tengiz restart, with up to 2 million b/d of U.S. crude output curtailed—yet Brent remains pinned near $66. Arctic Fern vs. America: A Winter Brawl in the Energy Markets - Arctic Storm Fern has curbed electricity supply to millions of people across the eastern two-thirds of the United States, slashing oil supply by 2 million b/day, gas production by more than 10 bcf/day and sending power prices skyrocketing. - Day-ahead electricity prices in the PJM Interconnection area, the most impacted by…

Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019, is not too keen to start buying again after the U.S. authorized global traders to market the crude from the world’s biggest reserves holder.   PetroChina has told traders not to buy or trade Venezuela’s oil—a trade that is now under U.S. control after the capture of Nicolas Maduro, trading sources with knowledge of the matter told Reuters on Tuesday.   The Chinese oil and gas giant stopped…

Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019, is not too keen to start buying again after the U.S. authorized global traders to market the crude from the world’s biggest reserves holder.   PetroChina has told traders not to buy or trade Venezuela’s oil—a trade that is now under U.S. control after the capture of Nicolas Maduro, trading sources with knowledge of the matter told Reuters on Tuesday.   The Chinese oil and gas giant stopped…

"Nosotros tenemos tres prioridades y la primera es la liberación del presidente Nicolás Maduro y Cilia Flores y su regreso", expresó este lunes el secretario general del Partido Socialista Unido de Venezuela (PSUV), Diosdado Cabello Rondón. "24 días después, nosotros ...

El embajador de Rusia en Venezuela, Serguéi Mélik-Bagdasárov, denuncia que medios occidentales han usado parte de sus declaraciones para generar falsas insinuaciones. El diplomático asegura que se utilizaron de forma fragmentada pasajes de una entrevista concedida al canal Rossiya 24. El funci...

En medio de crecientes cuestionamientos, Gregory Bovino fue destituido como jefe de la Patrulla Fronteriza de los EEUU. El funcionario volverá a su puesto anterior en California hasta su jubilación. El relevo ocurre mientras aumentan las críticas a las polémicas tácticas del Servicio de Inmigr...

Los presidentes de Brasil, Luiz Inácio Lula da Silva, y de Estados Unidos, Donald Trump, mantuvieron este lunes una conversación telefónica de 50 minutos en la que abordaron la relación bilateral, la agenda global y la situación en Venezuela, destacando la importancia de preservar la «pa...

Canada’s efforts to diversify its energy exports away from the United States go through boosting sales oil, gas, and uranium to the major energy market India, Canadian Energy Minister Tim Hodgson said at a conference in India on Tuesday. Canada has the opportunity to work with India now that it sees its high dependence on the U.S. market as a “strategic blunder,” the minister told the Indian Energy Week conference in Goa today, as carried by Reuters. “If Canada wants to be an energy superpower, we need to be trading our…

Oil demand will stay above 100 million barrels per day (bpd) through 2040, the chief executive of Abu Dhabi National Oil Company (ADNOC) said on Tuesday, reiterating the need for investment in all forms of energy. Global oil demand will remain above 100 million barrels per day through 2040, with demand for both LNG and electricity surging by 50% or more. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of ADNOC, told the India Energy Week conference.      Global power demand…

Canada’s efforts to diversify its energy exports away from the United States go through boosting sales oil, gas, and uranium to the major energy market India, Canadian Energy Minister Tim Hodgson said at a conference in India on Tuesday. Canada has the opportunity to work with India now that it sees its high dependence on the U.S. market as a “strategic blunder,” the minister told the Indian Energy Week conference in Goa today, as carried by Reuters. “If Canada wants to be an energy superpower, we need to be trading our…

Así lo expresó la Presidenta Encargada. "Ya basta del título de tener las mayores reservas y que eso no se traduzca al desarrollo para Venezuela, ya basta de eso, la historia a veces nos empuja" Venezuela tiene que «pasar de ser el país con las reservas más grandes d...