The prospect of a contango is casting a shadow over oil markets, with the entire 2026 WTI futures curve now trading below $60 per barrel—beneath breakeven levels for most new shale wells. TotalEnergies CEO Patrick Pouyanné and Vitol’s Russel Hardy warn that prices this low could cut U.S. shale output by 200,000 to 300,000 barrels per day next year, tightening supply just as demand steadies. Backwardation Fades: Crude Market Signals Trouble Ahead for 2026 The spectre of a looming contango is haunting crude oil markets, especially…

Non-OPEC crude production will begin to decline at oil prices at $60 per barrel and lower, Patrick Pouyanne, the chief executive of supermajor TotalEnergies, said on Tuesday.  “There is a point at $60 per barrel where we'll see the shale industry beginning to slow down,” Pouyanne said on the sidelines of the Energy Intelligence Forum in London, as carried by Reuters.  “Our view is that from mid-2026 non-OPEC supply will be much lower, no growth, and then OPEC will be regaining control of the market,” TotalEnergies’…

Non-OPEC crude production will begin to decline at oil prices at $60 per barrel and lower, Patrick Pouyanne, the chief executive of supermajor TotalEnergies, said on Tuesday.  “There is a point at $60 per barrel where we'll see the shale industry beginning to slow down,” Pouyanne said on the sidelines of the Energy Intelligence Forum in London, as carried by Reuters.  “Our view is that from mid-2026 non-OPEC supply will be much lower, no growth, and then OPEC will be regaining control of the market,” TotalEnergies’…

Non-OPEC crude production will begin to decline at oil prices at $60 per barrel and lower, Patrick Pouyanne, the chief executive of supermajor TotalEnergies, said on Tuesday.  “There is a point at $60 per barrel where we'll see the shale industry beginning to slow down,” Pouyanne said on the sidelines of the Energy Intelligence Forum in London, as carried by Reuters.  “Our view is that from mid-2026 non-OPEC supply will be much lower, no growth, and then OPEC will be regaining control of the market,” TotalEnergies’…

Non-OPEC crude production will begin to decline at oil prices at $60 per barrel and lower, Patrick Pouyanne, the chief executive of supermajor TotalEnergies, said on Tuesday.  “There is a point at $60 per barrel where we'll see the shale industry beginning to slow down,” Pouyanne said on the sidelines of the Energy Intelligence Forum in London, as carried by Reuters.  “Our view is that from mid-2026 non-OPEC supply will be much lower, no growth, and then OPEC will be regaining control of the market,” TotalEnergies’…

Caracas avanza con paso firme hacia la meta, de las 6 mil comunas, planteada por el presidente Nicolás Maduro Moros, siguiendo las directrices de la alcaldesa Carmen Meléndez, diversos circuitos comunales de la ciudad capital han iniciado o completado su proceso de transformación a comunas, de...

China’s latest export controls on rare-earth minerals risk not only reigniting a trade war with the United States, they could also come with far-reaching implications for efforts to rearm Ukraine and infrastructure development in Central Asia. Tensions between Beijing and Washington flared again over rare earths -- an essential group of 17 elements that find themselves in everything from electric vehicle batteries to smartphones to vital defense technology == on October 9 when China added new export controls for five rare-earth metals on…

Venezuela activó a partir del primer minuto de este martes tres Zonas Operativas de Defensa Integral (ZODI) en el oriente del país para resguardar los mares nacionales del Atlántico venezolano y de toda la fachada Caribe Atlántica, ante las recientes amenazas militares estadounidenses.

Ni republicanos ni demócratas han dado hasta hoy su brazo a torcer en el Congreso y la cuenta sigue aumentando los días en que el Gobierno de Estados Unidos sigue paralizado sin fondos. El denominado cierre o shutdown entró este martes en su día número 14. Miles de empleados federal...

Una intervención militar en Venezuela sería muy desestabilizador para Latinoamérica y violaría el derecho internacional, afirmó este lunes en declaraciones a Efe la jefa de la agencia de Naciones Unidas para el Comercio y Desarrollo (UNCTAD) y candidata a secretaria general de la ONU, Rebeca G...

Amid soaring supply and subdued demand, the expected global oil oversupply will be larger than previously anticipated, the International Energy Agency (IEA) said on Tuesday.  In its monthly report, the agency today trimmed its oil demand growth estimate for this year and next and hiked the expected supply growth, which will result in a record supply overhang. Global oil stocks are already soaring, especially oil stockpiled in tankers on water, the IEA warned.  The IEA revised down its estimate of global oil demand growth to 700,000 barrels…

Rusia desplazó a EE.UU. como principal proveedor de gasolina (nafta) a Venezuela, debido al estrechamiento de los nexos comerciales entre Caracas y Moscú, que han hecho un frente común para sortear los bloqueos y sanciones económicas impuestos por Occidente,

Este martes en horas ...

El presidente de la República, Nicolás Maduro, aseveró este lunes que el Gobierno está preparando una segunda fase de estabilización del nuevo modelo económico de los 13 Motores de la Agenda Económica Bolivariana, con el propósito de alcanzar un gran objetivo: «La producción plena y sust...

Shell and its partner Sunlink Energies and Resources Limited have taken a final investment decision on the HI gas project offshore Nigeria, which will supply additional gas volumes to Nigeria LNG, the supermajor said on Tuesday.   The HI project, expected to start up by the end of the decade, will supply 350 million standard cubic feet, or about 60,000 barrels of oil equivalent, of gas per day at peak production to Nigeria LNG (NLNG), in which Shell holds a 25.6% interest.  The project will entail of a wellhead platform with four…

Shell and its partner Sunlink Energies and Resources Limited have taken a final investment decision on the HI gas project offshore Nigeria, which will supply additional gas volumes to Nigeria LNG, the supermajor said on Tuesday.   The HI project, expected to start up by the end of the decade, will supply 350 million standard cubic feet, or about 60,000 barrels of oil equivalent, of gas per day at peak production to Nigeria LNG (NLNG), in which Shell holds a 25.6% interest.  The project will entail of a wellhead platform with four…

Shell and its partner Sunlink Energies and Resources Limited have taken a final investment decision on the HI gas project offshore Nigeria, which will supply additional gas volumes to Nigeria LNG, the supermajor said on Tuesday.   The HI project, expected to start up by the end of the decade, will supply 350 million standard cubic feet, or about 60,000 barrels of oil equivalent, of gas per day at peak production to Nigeria LNG (NLNG), in which Shell holds a 25.6% interest.  The project will entail of a wellhead platform with four…

Oil prices wiped out earlier gains to dip by more than 2% in early U.S. trade on Tuesday amid renewed concerns that the trade war between the United States and China could slow global economy.    As of 7:21 a.m. EDT on Tuesday, the U.S. benchmark, WTI Crude, fell to the $58 per barrel threshold, down by 2.30% on the day at $58.12.  The international benchmark, Brent Crude, was trading below the $62 a barrel mark, and was down by 2.181% at $61.94. Oil had stabilized in early Asian trade on Tuesday, as hopes of a diplomatic thaw…

2025-09-19 Gaceta Oficial 43217 SUMARIO  MINISTERIO DEL PODER POPULAR PARA LA DEFENSA  Resolución que designa al General de Brigada César Enrique Morales Martínez, como responsable del manejo de los Fondos de Funcionamiento (Partidas 4.02 y 4.03...

"No, no voy a asistir", dijo tajante Claudia Sheinbaum, presidenta de México, en su conferencia diaria en el Palacio Nacional y agregó que su Gobierno está analizando si habrá representación de México: "eso es lo que estamos viendo, a ver si habrá alguien de Cancillería que pudiera ir". "En lo pe...