PetroChina has agreed to buy three natural gas storage facilities from its state-owned parent CNPC for ¥40 billion (US$5.59 billion), adding nearly 11 billion cubic meters of working capacity to its portfolio. It’s a deal that looks less like housekeeping between affiliates and more like a signal of where China’s biggest oil and gas firm sees the energy market heading. The company’s timing is no accident. PetroChina reported first-half 2025 profit of US$11.75 billion, down 5.4% year-on-year as weaker crude prices and slumping…

PetroChina has agreed to buy three natural gas storage facilities from its state-owned parent CNPC for ¥40 billion (US$5.59 billion), adding nearly 11 billion cubic meters of working capacity to its portfolio. It’s a deal that looks less like housekeeping between affiliates and more like a signal of where China’s biggest oil and gas firm sees the energy market heading. The company’s timing is no accident. PetroChina reported first-half 2025 profit of US$11.75 billion, down 5.4% year-on-year as weaker crude prices and slumping…

26 de agosto de 2025.- La destacada fotoperiodista canadiense Valerie Zink renunció públicamente a la agencia de noticias Reuters tras ocho años de colaboración, acusando a la compañía de una “traición a los periodistas” y de “justificar y permitir el asesinato sistemático de 245 periodistas en Gaza...

The U.S. government is overhauling undersea cable rules for the first time since 2001, tightening restrictions to keep companies linked to adversaries such as China, Russia, and Iran out of the supply chain, according to Nikkei Asia. The Federal Communications Commission (FCC) approved proposed rules that bar adversary-based firms from working on U.S.-owned undersea cables or supplying related equipment. Approved companies will need cybersecurity plans and must certify their supply chains are free of such entities. To encourage investment, the…

India is dusting off its idle gas-fired power plants, not because they’re suddenly cheap, but because peak demand in the blistering months of May and June may leave the grid gasping. An adviser to the power ministry said this week the government is weighing a plan to run the costly plants only as seasonal back-up. Gas has become the ugly duckling of India’s power mix. Once good for 3% of generation in 2020, its share has shriveled to about 1.5% thanks to prices bouncing between $8 and $18 per million British thermal units. Coal—far…

India is dusting off its idle gas-fired power plants, not because they’re suddenly cheap, but because peak demand in the blistering months of May and June may leave the grid gasping. An adviser to the power ministry said this week the government is weighing a plan to run the costly plants only as seasonal back-up. Gas has become the ugly duckling of India’s power mix. Once good for 3% of generation in 2020, its share has shriveled to about 1.5% thanks to prices bouncing between $8 and $18 per million British thermal units. Coal—far…

India is dusting off its idle gas-fired power plants, not because they’re suddenly cheap, but because peak demand in the blistering months of May and June may leave the grid gasping. An adviser to the power ministry said this week the government is weighing a plan to run the costly plants only as seasonal back-up. Gas has become the ugly duckling of India’s power mix. Once good for 3% of generation in 2020, its share has shriveled to about 1.5% thanks to prices bouncing between $8 and $18 per million British thermal units. Coal—far…

26 de agosto de 2025.- El dólar volvió a caer hoy de acuerdo con los reportes de los operadores financieros, que señalaron como una de las causas las medidas del presidente estadounidense, Donald Trump. Dijeron este martes que esa moneda se tambaleaba frente a las principales divisas ya que la me...

26 de agosto de 2025.- El vicepresidente sectorial de Defensa y Soberanía, G/J Vladimir Padrino López, informó el desarrollo de una gran actuación en el estado Delta Amacuro a través del Comando Estratégico Operacional en la Región Estratégica Operacional de Curiapa, específicamente en la desembocad...

Every few months, the noise from across the Atlantic starts up again: drill baby drill. Burn what you’ve got. Reopen the rigs. Don’t let the transition ruin a good oil boom. And now, the suggestion is that Europe should follow suit, start drilling in the North Sea like it’s 1973, maybe even get Groningen going again and pretend this is a real strategy. Let’s be fair. This message comes from a place of deep ideological and economic alignment with fossil fuel producers. It’s understandable if you’re financially,…

Las sirenas de alarma han sonado en la Casa Blanca durante la primera quincena de agosto y también en la sede central de la Administración Nacional de la Aeronáutica y el Espacio (NASA) en Washington y en el Centro Espacial Kennedy de Florida. Los sistemas de alerta han aullado de m...

PetroChina, the largest oil and gas producer in China, reported on Tuesday a 5.4% decline in first-half profit as oil prices fell from a year earlier and domestic fuel demand continued to be pressured by the rise in new-energy vehicle sales.  PetroChina booked $11.75 billion (84 billion Chinese yuan) in profit for the first half of the year, down by 5.4% from the record-high profit for same period last year.  Amid lower benchmark oil prices, PetroChina’s average realized crude oil price was $66.21 per barrel between January and…

PetroChina, the largest oil and gas producer in China, reported on Tuesday a 5.4% decline in first-half profit as oil prices fell from a year earlier and domestic fuel demand continued to be pressured by the rise in new-energy vehicle sales.  PetroChina booked $11.75 billion (84 billion Chinese yuan) in profit for the first half of the year, down by 5.4% from the record-high profit for same period last year.  Amid lower benchmark oil prices, PetroChina’s average realized crude oil price was $66.21 per barrel between January and…

PetroChina, the largest oil and gas producer in China, reported on Tuesday a 5.4% decline in first-half profit as oil prices fell from a year earlier and domestic fuel demand continued to be pressured by the rise in new-energy vehicle sales.  PetroChina booked $11.75 billion (84 billion Chinese yuan) in profit for the first half of the year, down by 5.4% from the record-high profit for same period last year.  Amid lower benchmark oil prices, PetroChina’s average realized crude oil price was $66.21 per barrel between January and…

El presidente egipcio, Abdel Fattah Al-Sisi, y el príncipe heredero de Arabia Saudí, Mohamed Bin Salman, mantienen negociaciones para establecer un paraguas político árabe que limite los avances israelíes en la Franja de Gaza. Egipto ya había dado pasos hacia un posible alto el fueg...

In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week.  We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news events taking place in the global energy complex over the past few days. We hope you enjoy. Seoul Mates in Energy: U.S. Powers Up South Korea - The official visit of South Korea’s President Lee Jae-myung to the US marked one of the highlights of Trump’s tariff deals as…

Irán censura la decisión del Gobierno australiano de expulsar a su embajador, tras acusaciones de que estaría vinculado a un ataque contra una comunidad judía. "Las acusaciones planteadas [por parte de Australia] son absolutamente rechazadas, y el concepto de antisemitismo no t...

La comunidad de Hornos de Cal fue escenario de un conflicto que involucró a tres miembros de una familia. El desacuerdo surgió entre los nietos de una adulta mayor, que discutían sobre los espacios de la casa que ella decidió en dejarles en herencia.   La o...

Crude oil trade has started to see the effect of a recent ban by the United Arab Emirates (UAE) on cargoes originating from Sudan, after the two countries severed ties earlier this year.    In May this year, Sudan severed ties with the UAE, having repeatedly accused it of backing the Rapid Support Forces (RSF), a paramilitary group which took up arms against the Sudanese army in the latest conflict in Sudan that erupted in April 2023.  Sudan accused the Gulf state and key OPEC oil producer of “ongoing aggression”…

Los submarinos nucleares rusos desplegados en el Ártico son una ventaja estratégica de la Federación Rusa, manifestó el presidente ruso, Vladímir Putin, durante una reunión con empleados del sector nuclear celebrada el pasado viernes. «Nuestros submarinos nucleares estratégico...