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Oil Prices Rise on Russian Sanctions Risk

Oil news - Thu, 10/02/2025 - 05:26
In early Asian trade on Thursday, oil prices recovered slightly from 16-week lows, with WTI rising to $62.09 and Brent trading at $65.68. Markets were buoyed by renewed expectations of tougher sanctions on Russian crude, even as caution over higher OPEC+ supply and weak U.S. economic signals capped upside. The two benchmarks had suffered across the prior three sessions. On Wednesday, Brent and WTI each fell roughly 1 %, with Brent closing at its lowest since June and WTI at its weakest since May. A key driver of the recovery is intensifying pressure…
Categories: Oil news

Oil Prices Rise on Russian Sanctions Risk

Oil news - Thu, 10/02/2025 - 05:26
In early Asian trade on Thursday, oil prices recovered slightly from 16-week lows, with WTI rising to $62.09 and Brent trading at $65.68. Markets were buoyed by renewed expectations of tougher sanctions on Russian crude, even as caution over higher OPEC+ supply and weak U.S. economic signals capped upside. The two benchmarks had suffered across the prior three sessions. On Wednesday, Brent and WTI each fell roughly 1 %, with Brent closing at its lowest since June and WTI at its weakest since May. A key driver of the recovery is intensifying pressure…
Categories: Oil news

Middle East Electricity Demand To Grow 50% Over The Next Decade

Oil news - Thu, 10/02/2025 - 03:00
The International Energy Agency (IEA) has revealed that electricity consumption in the Middle East and North Africa (MENA) has tripled since 2000, making the region one with the fastest-growing power demand on the planet. According to the IEA, the explosive growth was mainly driven by expanding populations and rising incomes, with air conditioning accounting for nearly half of peak demand. The energy agency has predicted that MENA will see another 50% increase in electricity demand by 2035 based on current policy settings, driven by urbanization,…
Categories: Oil news

Big Oil’s Short-Term Worries Mask Bullish Long Term

Oil news - Thu, 10/02/2025 - 02:00
TotalEnergies said this week it would cut its capital spending by $1 billion annually over the next four years. Chevron and ConocoPhillips are cutting jobs—as are many others in the industry. Shale majors are cutting spending, as well. It is not looking good for the oil industry right now—but it won’t last forever. That the oil industry has become more cautious lately is a fact – challenges from pro-transition energy government policies have been one reason, and the natural price fluctuation has been another. Now, pretty…
Categories: Oil news

Dutch Gas Security Faces Hard Truths Amid Rising Risks

Oil news - Thu, 10/02/2025 - 01:00
The role of natural gas in the energy mix of the Netherlands, and also Northwest Europe, is far from over; in fact, the opposite may be true. After years of promoting the removal of natural gas as an energy source, the Dutch government and the EU are once again confronted with their own gas dependency and the realities of global energy markets. In today’s report, Overzicht gasleveringszekerheid by Gasunie Transport Services (GTS), it is made clear that the decrease in demand for natural gas in the Netherlands (both industry and consumers)…
Categories: Oil news

China's Artificial Sun Project Nears Net Positive Energy Milestone

Oil news - Thu, 10/02/2025 - 00:00
China just advanced another pawn in the high stakes international battle to achieve commercial nuclear fusion. China and the United States have been trading off breakthroughs in the race to unlock the holy grail of clean energy for years now, and the rate of technological advancement has been increasing exponentially as a result of heightened investment and policy support from the two largest economies in the world. The nuclear plants that currently provide 10% of the global energy mix use nuclear fission – the splitting of atoms –…
Categories: Oil news

Cruz Roja cierra oficina en Gaza y reubica personal por intensa ofensiva israelí

Apporea noticias - Wed, 10/01/2025 - 23:21
1 de octubre de 2025.- El Comité Internacional de la Cruz Roja (CICR) anunció en un comunicado hoy miércoles que debido a la intensificación de las operaciones militares en la Ciudad de Gaza, en el norte de la franja de Gaza, cerró temporalmente su oficina local y reubicó a su personal a otras ofici...
Categories: Venezuelan news

Rare Earth Magnets Have Become the New Battleground for Global Power

Oil news - Wed, 10/01/2025 - 23:00
Resource security when it comes to rare earth magnets is something the modern-day world has been desperately trying to get right. This is primarily due to rare earths’ increasing importance in electronics, defense, vehicles, and much more.  For years, countries have been seeking ways to secure access to these vital resources. However, 90% of the current supply is in the hands of China, whose relationship with the U.S. and other countries has not been ideal of late. Despite best efforts, many nations remain dependent on Beijing for their…
Categories: Oil news

Patrullaje marítimo en Delta Amacuro desarticula red de trata de personas y rescata a siete víctimas

Apporea noticias - Wed, 10/01/2025 - 22:42
1 de octubre de 2025.- En una operación de patrullaje marítimo ejecutada por funcionarios de la Dirección de Policía de Espacios Acuáticos del Cuerpo de Policía Nacional Bolivariana (CPNB), se logró la captura de dos ciudadanos presuntamente vinculados a actividades de trata de personas. El opera...
Categories: Venezuelan news

Seniat recauda más de 141 millardos de bolívares en septiembre

Apporea noticias - Wed, 10/01/2025 - 22:01
1 de octubre de 2025.- El Servicio Nacional Integrado de Administración Aduanera y Tributaria (Seniat) cerró el mes de septiembre con una recaudación de 141 millardos 30 millones 607 mil 609 bolívares. Es importante destacar que en el transcurso del 2025, el Seniat ha recaudado un total de 743 mi...
Categories: Venezuelan news

Mexico’s Debt Trick for Pemex Sparks Global Copycats

Oil news - Wed, 10/01/2025 - 22:00
In July this year, the Mexican government did something no other government had ever done. It used a corporate debt tool to reduce the massive debt pile of state-owned energy major Pemex. Now, others are using this as a template for their struggling state entities. In July, the Mexican government issued $12 billion worth of something called P-Caps. Normally used in corporate circles, P-Caps, or pre-capitalized securities, allow a borrower access to debt funding in case of need but without being included in its balance sheet. The securities sit…
Categories: Oil news

Flotilla Global Sumud es interceptada por Israel

Apporea noticias - Wed, 10/01/2025 - 21:55
1 de octubre de 2025.- La flotilla internacional Global Sumud, compuesta por 45 embarcaciones que transportaban ayuda humanitaria hacia la Franja de Gaza, fue interceptada este miércoles 1 de octubre por la Armada israelí en aguas internacionales del Mediterráneo oriental. Telesur transmitía en vivo...
Categories: Venezuelan news

Marruecos: protestas en varias zonas terminan en disturbios

Apporea noticias - Wed, 10/01/2025 - 21:15
1 de octubre de 2025.- Las protestas juveniles convocadas en Marruecos para exigir reformas en los sectores de la educación y la sanidad, y que habían sido prohibidas por las autoridades, derivaron en disturbios en varias ciudades del país. En la ciudad de Uxda, en el este de Marruecos, se produj...
Categories: Venezuelan news

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