The OPEC+ group faced a “reality check” in discussions about its production policy and had the double task of attending to fundamentals and at the same time putting together something to assuage the negative market sentiment, Saudi Energy Minister, Prince Abdulaziz bin Salman, told CNBC in an exclusive interview on Friday. The OPEC+ alliance decided on Thursday to delay the start of the easing of the 2.2 million barrels per day (bpd) cuts to April 2025. OPEC+ has already postponed twice the beginning of the output increase. January…

The OPEC+ group faced a “reality check” in discussions about its production policy and had the double task of attending to fundamentals and at the same time putting together something to assuage the negative market sentiment, Saudi Energy Minister, Prince Abdulaziz bin Salman, told CNBC in an exclusive interview on Friday. The OPEC+ alliance decided on Thursday to delay the start of the easing of the 2.2 million barrels per day (bpd) cuts to April 2025. OPEC+ has already postponed twice the beginning of the output increase. January…

6 de diciembre de 2024.- En la Gaceta Oficial Extraordinaria número 6.855 fue publicada la Ley de Fiscalización, Regularización, Actuación y Financiamiento de las Organizaciones no Gubernamentales (ONG) y Organizaciones Sociales sin Fines de Lucro. En la ley se prohíbe promover el fascismo, recib...

Es 6 de diciembre, mes 12 del 2024. Es el día úmero 341 del año (bisiesto) y faltan 25 días para su terminación, pues tiene 366 días. Hoy es viernes. Los años bisiestos se presentan cada cuatro años en los que se añade un día más a febrero (29 F) y el año es de 366 días. ...

Solar cell manufacturing in the United States resumed in the third quarter as silicon cells were manufactured in the country for the first time since 2019, a pivotal moment for America’s surging solar manufacturing sector. The U.S. added a record-breaking 9.3 gigawatts (GW) of new solar module manufacturing capacity in the quarter. According to the U.S. Solar Market Insight Q4 2024 report released by Solar Energy Industries Association (SEIA) and Wood Mackenzie, five new or expanded factories in three states were added, bringing U.S. solar…

The oil market is bracing for a tough 2025, but Barclays believes the industry’s pessimism might be overdone. Brent crude hovered around $71 per barrel this week, raising chatter of a potential dip into the $50-$60 range next year. But Barclays’ analysts argue that the market’s fixation on oversupply could be cloaking the inevitable tightening of supply-demand dynamics. Current projections--even without OPEC+ reversing its production cuts--point to a surplus in 2025. Understandably, this has spooked investors away from energy…

Morgan Stanley expects Brent Crude prices to average $70 per barrel in the second half of 2025, up from a $66-$68 a barrel range expected previously, after OPEC+ delayed the beginning of its production increase and slowed the pace of the output hikes into 2026. The OPEC+ alliance decided on Thursday to delay the start of the easing of the 2.2 million barrels per day (bpd) cuts to April 2025, from January 2025. The group also extended the period in which it would unwind all these cuts until September 2026. The delay and the slower ramp-up in OPEC+’s…

Se está solicitando urgentemente a donantes de sangre tipo O Negativo (O -), para una cirugía de Amarilis Padrino, a ser recogida por el Banco de Sangre del Hospital Militar Vicente Salias en Fuerte Tiuna (Caracas). Teléfono de contacto: 04241488925. Las personas co...

El presidente de la Cámara Venezolana de Comercio Electrónico (Cavecom-e), Richard Ujueta, expresó que el comercio electrónico desde la pandemia ha dado un salto importante, por lo que «no ha parado de crecer». En ese sentido, apuntó que una encuesta realizada recienteme...

Este jueves 5 de diciembre, 40 familias de la Asamblea de Viviendo Venezolano (AVV) «Santa Cruz» en Guarenas, estado Miranda, recibieron sus nuevos apartamentos, cumpliendo así su sueño de tener una vivienda digna. La entrega fue liderada por el ministro de Vivienda, gen...

OQ, the national oil company of Gulf producer Oman, plans to put more of its subsidiaries up for stock listing, following the record-breaking IPO of its OQ Exploration and Production Company earlier this year, a senior executive told Bloomberg in an interview. In October, OQ Exploration and Production Company (OQEP), Oman’s wholly-state-owned upstream oil and gas operator, raised $2.03 billion from its IPO which was the largest ever for the Gulf oil nation and the biggest in the region so far this year. OQEP sold 2 billion shares in the IPO…

Despite OPEC+ postponing its planned production increases until 2025, oil prices remain under pressure due to demand uncertainty. In a widely anticipated move, OPEC+ postponed its planned supply increases by another quarter, now pledging to start unwinding output cuts from April 2025 onwards. This, however, was not enough to convince oil markets of a bullish narrative lurking out there, not even the postponement of the UAE’s baseline quota increase could stop ICE Brent from dipping back below $72 per barrel. OPEC+ Delays Unwinding of…

El ministerio de Transporte a través de su cuenta en Instagram, informó que a partir del 20 de diciembre , la aerolínea venezolana iniciará vuelos a la ciudad de Guangzhou (China), haciendo escala en la ciudad de Moscú ( Rusia). Cabe señalar que a propósito de los 50 años del establ...

Este jueves, un tribunal de distrito de Jerusalén rechazó la petición del primer ministro de Israel, Benjamín Netanyahu, de restringir su presencia obligatoria en el tribunal a dos veces a la semana, en el contexto del proceso judicial que le está en curso por corrupción. Los magistrados sente...

OPEC+ Delays Return of Production Cuts By Three Months - In a largely anticipated move, OPEC+ announced it would postpone the easing of its production cuts for another quarter and only start bringing back some of its 2.2 million b/d of voluntary cuts from April 2025. - In what seems to be a diplomatic win for Saudi Arabia, even the United Arab Emirates agreed to delay a 300,000 b/d hike to their production baseline, phasing in the subsequent increase over the remaining months of 2025. - OPEC+ has signaled it would be managing oil supply in the…

Crude oil prices have found some support this week, driven by China’s economic recovery and OPEC+ production strategies. China, the world’s second-largest oil consumer, reported its fastest factory activity growth in five months, reinforcing optimism about future crude demand. Analysts view Beijing’s targeted stimulus measures as a potential catalyst for stabilizing global oil markets. OPEC+ has already acted to stabilize prices by extending its voluntary production cuts of 2.2 million barrels per day (bpd) until March 2025. These…

Politics, Geopolitics & Conflict Libyan oil production has hit an 11-year high at 1.422 million bpd, recovering (at least for now) from the Central Bank control battle that saw oil once again taken hostage, with production cut in half earlier this year. At the same time, Libya’s NOC has announced it will put up for exploration 22 new onshore and offshore areas in a public tender, though no exact date for presenting the blocs to international oil companies has yet been announced. The seemingly smooth sailing for Libyan oil production right…

When I sat down to write this piece, I intended to start with “There has never been a better time to buy MLPs”, then I realized that that isn’t true. About six weeks ago, before the US election results were known, was almost certainly a better time. But if you didn’t have access to a crystal ball back then and missed the opportunity, don’t worry. Now may not be the best time, but it is still a very good one. MLPs, or Master Limited Partnerships to give them their full name, are listed on exchanges, and they can be…

Amid the tentative ceasefire in Lebanon, the fighting has shifted to Syria, where the Syrian rebels have now taken their second city from Assad’s forces in two weeks. Hezbollah has shifted more attention to Syria, backing Assad’s forces. On Thursday, Syrian rebel forces captured Homs, in the country’s central region, after an unexpectedly large offensive last week that saw them capture Hama city and close in on and capture Aleppo, Syria’s second-largest city. The Syrian rebels have been emboldened by Israel’s recent…

El grupo BRICS seguirá trabajando en la creación de su propio sistema de pagos pese a las recientes amenazas por parte del presidente electo de Estados Unidos, dijo a Sputnik el viceministro de Exteriores ruso, Alexandr Pankin. "Lo de la plataforma de pagos es una oportunidad, ...