Bulgaria’s Lukoil Neftohim Burgas refinery has saved $8 million in just two months after dropping its Swiss-based trading intermediary Litasco SA, with Special Commercial Administrator Rumen Spetsov telling Russia’s parliamentary committee that the savings came mainly from scrapping commission fees previously paid to the middleman between the refinery and Lukoil’s oil reserves, Novinite reported on Thursday. Spetsov said the refinery's financial position has further stabilized through deferred payments and barter deals (exchanging…

Bulgaria’s Lukoil Neftohim Burgas refinery has saved $8 million in just two months after dropping its Swiss-based trading intermediary Litasco SA, with Special Commercial Administrator Rumen Spetsov telling Russia’s parliamentary committee that the savings came mainly from scrapping commission fees previously paid to the middleman between the refinery and Lukoil’s oil reserves, Novinite reported on Thursday. Spetsov said the refinery's financial position has further stabilized through deferred payments and barter deals (exchanging…

Bulgaria’s Lukoil Neftohim Burgas refinery has saved $8 million in just two months after dropping its Swiss-based trading intermediary Litasco SA, with Special Commercial Administrator Rumen Spetsov telling Russia’s parliamentary committee that the savings came mainly from scrapping commission fees previously paid to the middleman between the refinery and Lukoil’s oil reserves, Novinite reported on Thursday. Spetsov said the refinery's financial position has further stabilized through deferred payments and barter deals (exchanging…

Cenovus Energy on Thursday reported a surge in fourth-quarter net earnings from a year earlier as its upstream production rose by 5% on the year to hit a record high.  Cenovus Energy’s net earnings jumped to US$683 million (C$934 million) for the fourth quarter, up from US$107 million (C$146 million) for the same period of 2024.  The fourth-quarter operating results included record upstream production of 917,900 barrels of oil equivalent per day (boe/d), and downstream crude throughput of 465,500 barrels per day (bpd), representing…

Crude oil inventories in the United States decreased by 9 million barrels during the week ending February 13, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 419.8 million barrels according to government data, which is 5% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories fell by 609,000 barrels in the period. Crude prices…

London-listed energy giant Centrica shares plunged nine per cent on Thursday morning after the group paused its share buyback programme in the face of a major earnings hit. The owners of British Gas reported lower 2025 earnings than in the previous year, but the group says it was resilient in a challenging market. The group’s adjusted operating profit fell some 50 per cent, from £1.6bn in 2024 to £800m, while adjusted pre-tax profits landed at £1.4bn as energy prices stabilised following the previous year’s spikes.…

Georgia’s Black Sea port of Kulevi, a hub for Black Sea oil shipments, may soon face European Union sanctions over allegations that the Georgian government has used it to help Russia move crude needed to finance its war in Ukraine. The potential sanctions place Azerbaijan, whose state-controlled energy entity SOCAR owns an oil terminal in Kulevi, in a tough spot. According to RFE/RL, which obtained a draft of the EU’s upcoming 20th sanctions package, the bloc is considering banning transactions with four ports allegedly used…

Global oil demand fell by 614,000 barrels per day (bpd) in December compared to November 2025, and plunged by 536,000 bpd from December 2024, driven by lower U.S. demand, the monthly report by the Joint Organizations Data Initiative (JODI) showed on Thursday.  At the same time, oil production surged by 2 million bpd in December 2025 compared to the same month of 2024, according to the most recent data self-reported by 48 countries to JODI and shared by the Riyadh-based International Energy Forum (IEF).    The surge…

Global oil demand fell by 614,000 barrels per day (bpd) in December compared to November 2025, and plunged by 536,000 bpd from December 2024, driven by lower U.S. demand, the monthly report by the Joint Organizations Data Initiative (JODI) showed on Thursday.  At the same time, oil production surged by 2 million bpd in December 2025 compared to the same month of 2024, according to the most recent data self-reported by 48 countries to JODI and shared by the Riyadh-based International Energy Forum (IEF).    The surge…

Global oil demand fell by 614,000 barrels per day (bpd) in December compared to November 2025, and plunged by 536,000 bpd from December 2024, driven by lower U.S. demand, the monthly report by the Joint Organizations Data Initiative (JODI) showed on Thursday.  At the same time, oil production surged by 2 million bpd in December 2025 compared to the same month of 2024, according to the most recent data self-reported by 48 countries to JODI and shared by the Riyadh-based International Energy Forum (IEF).    The surge…

Global oil demand fell by 614,000 barrels per day (bpd) in December compared to November 2025, and plunged by 536,000 bpd from December 2024, driven by lower U.S. demand, the monthly report by the Joint Organizations Data Initiative (JODI) showed on Thursday.  At the same time, oil production surged by 2 million bpd in December 2025 compared to the same month of 2024, according to the most recent data self-reported by 48 countries to JODI and shared by the Riyadh-based International Energy Forum (IEF).    The surge…

Caracas, 18 de Febrero de 2026- En un firme ejercicio de su soberanía diplomática, la República Bolivariana de Venezuela emitió un comunicado oficial para rechazar categóricamente el reciente pronunciamiento de la República Cooperativa de Guyana, en el marco de la conmemoración del 60.° an...

En marzo se iniciarán los vuelos de prueba del dron estratosférico Argus, que, según sus creadores, será capaz de proporcionar servicios de internet tanto a los militares rusos como a usuarios comunes que buscan alta velocidad, de forma similar al sistema Starlink,

Iranians are marking the end of the traditional 40-day mourning period for those killed during the height of the deadly state crackdown on mass protests last month with renewed public shows of dissent. During memorial ceremonies held across Iran in recent days, mourners have staged small demonstrations and chanted slogans against Iran’s clerical rulers. Security forces have tried to curb the protests and, in some cases, used gunfire to disperse crowds. At least 7,000 people were killed during the nationwide protests that erupted in late December…

Petróleos de Venezuela Sociedad Anónima (Pdvsa) inició el plan piloto de distribución de la denominada gasolina «Súper Premium» de 97 octanos, la cual tendrá un costo de 1 dólar por litro y está destinada a vehículos con motores de alta compresión y elevada exigencia técnica. ...

El Departamento del Tesoro de Estados Unidos informó este miércoles que las empresas que operen en el sector petrolero venezolano deberán cumplir co...

El secretario de Energía de Estados Unidos, Chris Wright, ofreció este jueves un balance sobre la situación en Venezuela, asegurando que la nación ha experimentado un "progreso tremendo" en las últimas seis semanas. Las declaraciones se producen apenas días después de que ...

Estados Unidos imputó al capitán de un buque petrolero que llevó a las fuerzas estadounidenses a una persecución de varias semanas por el océano Atlántico tras ser detenido cuando se dirigía a Venezuela. Esta es la primera vez que la ofensiva del presidente Donald Trump contra el petróleo vene...

Repsol has nearly $5.4 billion in receivables to collect from Venezuela, the Spanish group said in its annual 2025 report on Thursday.  Venezuela owes Repsol 4.55 billion euros, or $5.36 billion, and this includes debt for oil and gas supplies, arrears in payment of interests, and financing for its Petroquiriquire joint venture with Venezuela’s state-held oil firm PDVSA, according to the report.   Repsol also disclosed in a separate statement on the Q4 earnings that the U.S. administration last Friday issued new licenses enabling…

El jefe del Comando Sur de Estados Unidos, Francis Donovan, estuvo de visita en Caracas para sostener una reunión con autoridades de Venezuela este miércoles. Durante el encuentro, al que asistió la presidenta encargada Delcy Rodríguez, el ministro del Poder Popular para la Defensa,...