Feed aggregator
U.S. Crude Inventories Drop amid Continued SPR Draws
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the week ending August 28. In the week prior, US crude oil inventories rose by 4.2 million barrels. Commercial crude oil inventories excluding the SPR have lost just over 48 million barrels over the last twenty weeks, with US crude inventories up 3.1 million for the year, according to API data, kept in check by draws from the SPR. For week ending August 28, another 3.1 million barrels left the SPR to aid commercial inventories,…
Categories: Oil news
U.S. Crude Inventories Drop amid Continued SPR Draws
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the week ending August 28. In the week prior, US crude oil inventories rose by 4.2 million barrels. Commercial crude oil inventories excluding the SPR have lost just over 48 million barrels over the last twenty weeks, with US crude inventories up 3.1 million for the year, according to API data, kept in check by draws from the SPR. For week ending August 28, another 3.1 million barrels left the SPR to aid commercial inventories,…
Categories: Oil news
U.S. Crude Inventories Drop amid Continued SPR Draws
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the week ending August 28. In the week prior, US crude oil inventories rose by 4.2 million barrels. Commercial crude oil inventories excluding the SPR have lost just over 48 million barrels over the last twenty weeks, with US crude inventories up 3.1 million for the year, according to API data, kept in check by draws from the SPR. For week ending August 28, another 3.1 million barrels left the SPR to aid commercial inventories,…
Categories: Oil news
U.S. Shale Producers Lose Bid to Kill Oil Price-Fixing Case
A federal judge has allowed antitrust lawsuits accusing some of the biggest U.S. shale producers of coordinating production cuts to keep oil and fuel prices higher to proceed. U.S. District Judge Matthew Garcia in New Mexico rejected efforts by Diamondback Energy, Occidental Petroleum and other producers to dismiss the consolidated litigation. The lawsuits, filed beginning in 2024, allege that producers restrained shale output and ultimately pushed up prices for crude oil, gasoline, diesel and heating oil. Garcia found the plaintiffs had plausibly…
Categories: Oil news
U.S. Shale Producers Lose Bid to Kill Oil Price-Fixing Case
A federal judge has allowed antitrust lawsuits accusing some of the biggest U.S. shale producers of coordinating production cuts to keep oil and fuel prices higher to proceed. U.S. District Judge Matthew Garcia in New Mexico rejected efforts by Diamondback Energy, Occidental Petroleum and other producers to dismiss the consolidated litigation. The lawsuits, filed beginning in 2024, allege that producers restrained shale output and ultimately pushed up prices for crude oil, gasoline, diesel and heating oil. Garcia found the plaintiffs had plausibly…
Categories: Oil news
Asamblea Nacional aprueba polémico acuerdo energético binacional entre Venezuela y EEUU ante fuerte rechazo social
CARACAS (01/09/2026).– En una candente sesión extraordinaria, la Asamblea Nacional aprobó este martes el Proyecto de Acuerdo en respaldo al Convenio Energético Binacional entre Venezuela y los Estados Unidos, un tratado calificado por el bloque oficialista como el instrumento económico &...
Categories: Venezuelan news
U.S. Lithium Miners Finally Have a Shot at Cashing In
After years of volatile markets, lithium prices are soaring, and everyone wants a piece. As the battery storage sector goes gangbusters on a global scale, lithium spot prices are seeing a major windfall, with mining companies posting massive profits. As a result, lithium asset dealmaking is also on the rise, and could soon – at long last – put the United States on the map as a key supplier of the ‘white gold.’ The International Energy Agency (IEA) classifies lithium at the highest level of supply risk and price volatility.…
Categories: Oil news
Expertos franceses investigarán y evaluarán daños estructurales postsísmicos en Venezuela
CARACAS.– Una delegación de especialistas de la Asociación Francesa de Ingeniería Sísmica (AFPS) arribó a Venezuela con el objetivo de profundizar en las investigaciones, estudios y evaluaciones técnicas tras los movimientos telúricos registrados el pasado 24 de junio.
Los exp...
Categories: Venezuelan news
Bessent Says Strait of Hormuz Obsolete Within Two Years
Treasury Secretary Scott Bessent says Gulf oil producers could bypass the Strait of Hormuz within two years, putting a remarkably short timetable on a pipeline buildout that has accelerated since the Iran war disrupted one of the world’s busiest oil routes. “That will be bypassed in two years,” Bessent said Tuesday during a discussion with Larry Kudlow at the G20 financial meetings in Asheville, North Carolina. He went further, predicting that “the Strait of Hormuz will be like a worthless piece of water” within that…
Categories: Oil news
Organizaciones de más de 15 países convocan Encuentro Internacional Contra la Criminalización de la Protesta
Organizaciones sindicales, sociales, juveniles y de derechos humanos de más de quince países participaron en un conversatorio internacional contra la criminalización de la protesta social, realizado el pasado 29 de agosto. La actividad sirvió para fortalecer una campaña internacional de denunc...
Categories: Venezuelan news
La Policía carga y efectúa disparos disuasorios para contener a cientos de inmigrantes en Ceuta
La Policía Nacional tuvo que intervenir este lunes con cargas y disparos disuasorios en Loma Colmenar, el espacio habilitado en Ceuta para alojar a los migrantes que hasta hace unos días
Categories: Venezuelan news
Gary’s Two-Week Blackout Is a Warning for America
After two weeks of darkness, power has been restored to all the citizens of Gary, Indiana, an old, low income, lakefront, industrial city within sight of Chicago. The outage did get some national publicity, TV stories showing the residents of Gary roaming around in the hot nights, showing empty refrigerators in dark apartments, complaining bitterly. But, you know, not a story as spectacular as when an electric company burned down an entire island or when another one managed to set fire to Pacific Coast towns with glamorous names. Just two weeks…
Categories: Oil news
EEUU: Miles protestan en Washington contra cambios de Trump en el voto
La defensa del derecho al voto y la denuncia a las amenazas contra las libertades civiles, en Estados Unidos, fue la razón para reunir a miles de personas en el National Mall en Washington D.C., quienes participaron en la marcha "Defendamos el voto", con la presencia de sindicalistas...
Categories: Venezuelan news
China alza la voz ante pacto petrolero entre EEUU y Venezuela
China exigió este martes que se salvaguarden sus intereses en Venezuela, tras reportes de que el nuevo acuerdo petrolero entre Caracas y Washington podría afectar campos donde operaban las estatales Sinopec y CNPC.
Categories: Venezuelan news
La ONU reitera apoyo a la justicia para personas afrodescendientes
Los perjuicios de la trata de africanos esclavizados y la esclavitud racializada persisten hoy en día a través de la discriminación racial sistémica y las desigualdades estructurales, advirtió el Comité de las Naciones Unidas para la Eliminación de la Discriminación Racial en una nueva Recomen...
Categories: Venezuelan news
Ukraine Diplomacy Heats Up and Russian Minister Returns to G20
Ukrainian President Volodymyr Zelenskyy said he was briefed by US President Donald Trump’s special envoys following their latest trip to Moscow and said the two Americans were working on plans for a follow-up visit to Kyiv in the near future. Meanwhile, while Russian President Vladimir Putin was in Bishkek to attend a regional summit, Finance Minister Anton Siluanov made a surprise visit to a G20 finance meeting in North Carolina, with some participants expressing anger over the appearance of the country’s representative while…
Categories: Oil news
El pasado miércoles 26 de agosto falleció en su Montevideo natal, el cantautor, percusionista, actor y luchador, a su manera, Rubén Rada
Con su ritmo candombero, fusionado y entremezclado con el jazz, rock, la salsa, bossa nova, y en la última época el rap y trap, logró instalarse como referencia de la música popular rioplatense y latinoamericana.
Sin olvidar sus raíces populares
Nacido el 16 de julio de 1...
Categories: Venezuelan news
Tanzania’s Mining Model Is Starting to Pay Off
In 1967, a Maasai herder called Jumanne Mhero Ngoma stumbled across a clump of unusual violet crystals in the Mereli Hills near the Tanzanian city of Arusha. For his discovery, Ngoma was awarded 50,000 shillings – about $22 in today’s money. However, the rights to sell the mineral were awarded to Henry B. Platt, vice president of the American jeweller Tiffany and Co and the great-grandson of its founder, Louis Comfort Tiffany. Platt named the stone ‘Tanzanite’ and boasted in a marketing campaign that the jewel could only…
Categories: Oil news
Food Inflation Jumps as Higher Energy Costs Hit UK Retailers
Shop price inflation has hit a two-year high and is set to climb through the autumn as a surge in energy and commodity costs filters through to consumers, a top business group has found. The British Retail Consortium (BRC), which represents major supermarkets and high street shops across the UK, warned that shop price inflation increased to 1.5 per cent in the year to August. The higher rate of price rises compares to a rise of 0.9 per cent in the year to July and a three-month average of 1.2 per cent. Shop price inflation was at the…
Categories: Oil news
Asia Spot LNG Prices Hit 5-Month High as Hormuz Blockage Drags On
Spot LNG prices in Asia jumped on Tuesday to the highest level since the 2026 winter, as buyers compete for spot cargoes amid the still-stalled LNG traffic through the Strait of Hormuz. Asia’s spot LNG price jumped to as high as $24.614 per million British thermal units (MMBtu) on Tuesday, traders told Bloomberg. This was higher than the $23.388 per MMBtu from Friday, and the highest spot price for LNG deliveries into Asia in five months. Prices in both Asia and Europe had jumped at the end of last week after Qatar’s state-owned firm…
Categories: Oil news

