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A Green Way to Play 2024’s Bitcoin Boom

Oil news - Fri, 05/17/2024 - 02:00
Before the bitcoin halving, many experts were forecasting disaster for the cryptocurrency. JPMorgan projected prices would drop to $42,000, saying the market was overbought. Others said any potential gains post-halving were already priced in. Regardless of where you stood before the halving took place in April, bitcoin is still here and it’s going strong. However, one sector of the crypto markets has undergone a profound shift in the weeks since. With bitcoin mining rewards getting cut in half, many who were previously profitable could…
Categories: Oil news

Saudis Fear Overheating Economy Could Slow Diversification from Oil

Oil news - Fri, 05/17/2024 - 01:00
The world’s largest crude oil exporter, Saudi Arabia, is looking to prevent its economy from overheating and driving inflation higher as it aims to boost growth in its non-oil sector. Allowing more time to implement the massive investment projects under the Vision 2030 plan to diversify the oil-dependent economy could be a wise move, Saudi Finance Minister Mohammed Al-Jadaan said this week. “If you don’t allow your economy to catch up with your projects, basically what will happen is you’ll import a lot more,” the…
Categories: Oil news

EEUU: desalojan campamento antisionista en Universidad de California

Apporea noticias - Fri, 05/17/2024 - 00:45
16 de mayo de 2024.- La Policía de Estados Unidos desalojó una sala de conferencias de manos de manifestantes antisionistas que ocuparon durante horas el edificio de la Universidad de California, Irvine, y luego hicieron lo mismo un campamento estudiantil que permaneció en pie durante más de dos sem...
Categories: Venezuelan news

Could Renewable Diesel Crush Oil Demand?

Oil news - Fri, 05/17/2024 - 00:00
By John Kingston of FreightWaves With the benchmark diesel price used for most fuel surcharges down for the fifth week in a row, diesel consumers should be reveling in the fact that market trends appear to have completely thrown out concerns about the Middle East conflict and are focused on the markets for both diesel and gasoline as primary drivers. The Department of Energy/Energy Information Administration average weekly retail diesel price fell 4.6 cents Monday to $3.848 a gallon. The five consecutive declines have taken that price down 21.3…
Categories: Oil news

Venezuela busca que la arepa, el joropo y el tamunangue sean reconocidos como patrimonios de la humanidad

Apporea noticias - Thu, 05/16/2024 - 23:47
16 de mayo de 2024.- Entre 2025 y 2026 se espera que el país entregue a la Unesco expedientes sobre su alimento típico y dos de sus bailes tradicionales como requisito para que se sumen a expresiones ya reconocidas, como la de los Diablos de Yare o el ciclo de San Juan Bautista El p...
Categories: Venezuelan news

Zulia: Comité de Enlace CAIT debatió sobre el escenario electoral

Apporea noticias - Thu, 05/16/2024 - 23:30
16 de mayo de 2024.- El pasado 14 de mayo se reunió en Maracaibo, estado Zulia, el comité de enlace de la Coordinadora Autónoma Independiente De Trabajadores (Cait) y un representante del movimiento político (Bloque Histórico Popular Capítulo Zulia) con el propósito de abordar la discusión de que ha...
Categories: Venezuelan news

Efemérides 16 de Mayo: ¿Día Internacional de la Convivencia en Paz? - Día del Compositor Venezolano - Día Mundial del Heavy Metal

Apporea noticias - Thu, 05/16/2024 - 23:10
Es 16 de Mayo del año 2024. Es el día número 137 del año. Por ser un año bisiesto, faltan 229 días para su terminación, pues tiene 366 días. Hoy es jueves. Los años b...
Categories: Venezuelan news

U.S. Fast-Tracks $2 Billion Military Aid for Ukraine

Oil news - Thu, 05/16/2024 - 23:00
The United States is fast-tracking $2 billion in military aid for embattled Ukrainian forces, U.S. Secretary of State Antony Blinken said, as they struggle to stave off a Russian advance in the northeastern Kharkiv region. Blinken, who made the announcement at a news conference in Kyiv on May 15 with Ukrainian Foreign Minister Dmytro Kuleba, said the funds, which are part of a recently approved $61-billion U.S. military aid package for Kyiv, are earmarked "to provide weapons today" for the outgunned and outmanned Ukrainian troops.The package was…
Categories: Oil news

Brasil: más de 11 mil mascotas y animales rescatados en Río Grande do Sul

Apporea noticias - Thu, 05/16/2024 - 22:55
16 de mayo de 2024.- Más de 11 mil mascotas y animales salvajes se registran rescatados hasta hoy en el estado brasileño Río Grande do Sul, golpeado por fuertes lluvias e inundaciones desde finales de abril. Según la red de radio Central Brasileña de Noticias (CBN), ese número informado por el Go...
Categories: Venezuelan news

ADNOC Eyes U.S. Trading Expansion in Strategic Global Push

Oil news - Thu, 05/16/2024 - 22:30
Abu Dhabi National Oil Company (ADNOC) is poised to establish a trading desk in the United States, marking a significant step in its strategic global expansion. Sources with knowledge of the plan revealed to Reuters that the UAE-backed oil and gas giant is actively seeking senior energy traders to spearhead this initiative. The move aligns with ADNOC's broader objective to diversify revenue streams beyond its traditional base in the Gulf. Since 2018, ADNOC has been ramping up its trading operations, and this latest endeavor is a continuation of…
Categories: Oil news

The Space Race Desperately Needs to Be Regulated

Oil news - Thu, 05/16/2024 - 22:00
The government will make sure Britain sets the global standard for regulating space technology and exploration, giving this growing sector the clarity and certainty it needs to thrive, says Andrew Griffith As humanity’s quest for knowledge and exploration extends beyond the confines of Earth, we stand on the edge of a new era – one where the boundless expanse of space beckons us with promise. From the historic launch from UK soil to our improved connectivity across the country, we are witnessing the rapid expansion of a vibrant space…
Categories: Oil news

Inician Cibersimulacro Andino Venezuela 2024 en la sede del IVCN

Apporea noticias - Thu, 05/16/2024 - 21:47
Se Inició el 13º Cibersimulacro Andino Venezuela 2024, con el auspicio de la Unión Internacional de Telecomunicaciones (UIT). Cabe destacar que, la ciberseguridad es la práctica de proteger equipos, redes, aplicaciones de software, sistemas críticos y datos de posibles amenazas...
Categories: Venezuelan news

Venezuela izó la bandera de Palestina en la cima del Waraira Repano

Apporea noticias - Thu, 05/16/2024 - 21:42
Este pasado miércoles 15 mayo, el gobierno de Venezuela izó la bandera palestina en la cima del Waraira Repano, también conocido como El Ávila. Esto por el motivo de su 76 aniversario de la Nakba, referenciando al exilio forzoso de más de 750 mil palestinos durante la Guerra Árabe-Israelí de 1...
Categories: Venezuelan news

Venezuela rechaza recientes medidas coercitivas de EEUU contra Nicaragua

Apporea noticias - Thu, 05/16/2024 - 21:33
Venezuela emitió este jueves un comunicado para rechazar las nuevas medidas coercitivas unilaterales impuestas por Estados Unidos contra el Gobierno de Nicaragua. Así lo dio a conocer el canciller de la República, Yván Gil a través de su cuenta en la red social X. [tw=179...
Categories: Venezuelan news

Putin Meets With Xi Jinping As Sanctions Weigh on Russian Economy

Oil news - Thu, 05/16/2024 - 21:00
Russian President Vladimir Putin will visit China for a two-day state visit where he’s set to press Chinese leader Xi Jinping for more support to sustain his country’s sanctions-hit economy and war machine in Ukraine. The May 16-17 visit is Putin’s first foreign trip since he was sworn in for a fifth presidential term one week ago and comes as Beijing continues to extend a key economic lifeline to Moscow to help soften the blow of Western economic sanctions that have limited Russian access to global supply chains and international…
Categories: Oil news

Lula Pressures New Petrobras CEO to Accelerate Refinery and Gas Investments

Oil news - Thu, 05/16/2024 - 20:30
Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA (Petrobras), pushing her to accelerate investments in refineries and natural gas expansion, according to anonymous sources who spoke to Bloomberg. This leadership change follows Lula's dismissal of former CEO Jean Paul Prates amid dissatisfaction with his handling of the company's strategic plan. Chambriard's appointment raises concerns among investors about increased government intervention in Petrobras as Lula's administration…
Categories: Oil news

CME To Shake Up Bitcoin Market with Spot Trading Launch

Oil news - Thu, 05/16/2024 - 20:00
The Chicago Mercantile Exchange (CME), the world's largest futures exchange, is planning to offer spot bitcoin trading on its platform, according to a Financial Times report. This move would provide major hedge funds and institutional traders with a regulated venue to trade Bitcoin. As Vivek Sun reports via Bitcoin Magazine, CME is already the global leader in Bitcoin futures trading. By adding spot bitcoin, it can offer clients an integrated platform that includes both spot and derivatives markets. This enables complex trading strategies like…
Categories: Oil news

Russia’s Shadow Oil Tanker Fleet Causes 50 Maritime Accidents

Oil news - Thu, 05/16/2024 - 19:30
A report from Allianz SE highlights the serious environmental and safety risks posed by a burgeoning "shadow fleet" of oil tankers carrying sanctioned Russian crude. Over the past three years, as international sanctions on Russian oil and gas exports have tightened due to its invasion of Ukraine, a significant number of older, under-regulated vessels have emerged to maintain the flow of these exports. These tankers, often operating without proper insurance and outside international regulatory frameworks, present substantial hazards in key maritime…
Categories: Oil news

Russia’s Shadow Oil Tanker Fleet Causes 50 Maritime Accidents

Oil news - Thu, 05/16/2024 - 19:30
A report from Allianz SE highlights the serious environmental and safety risks posed by a burgeoning "shadow fleet" of oil tankers carrying sanctioned Russian crude. Over the past three years, as international sanctions on Russian oil and gas exports have tightened due to its invasion of Ukraine, a significant number of older, under-regulated vessels have emerged to maintain the flow of these exports. These tankers, often operating without proper insurance and outside international regulatory frameworks, present substantial hazards in key maritime…
Categories: Oil news

Asian Refiners Diversify Away from Middle Eastern Oil

Oil news - Thu, 05/16/2024 - 19:00
Asian refiners are reducing their intake of Middle Eastern oil in favor of crude from the United States and Brazil. The move comes amid shrinking margins and rising Saudi oil prices—even as international benchmarks remain largely range-bound. Yet the diversification is, for the time being, quite moderate, with Saudi Arabia still the top supplier to Asia as a whole, far ahead of both the United States and Brazil. Whether this would turn into a trend is uncertain because there are all those barrels of relatively cheap Russian crude, too. Reuters’s…
Categories: Oil news

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