The International Energy Agency (IEA) and its member nations have agreed to release a record 400 million barrels of oil from strategic reserves in an attempt to stabilize global energy markets as the war involving Iran continues to disrupt crude flows through the Strait of Hormuz. The coordinated action, announced Wednesday by the IEA, represents the largest emergency oil release ever organized by the group and only the sixth such intervention since the IEA was created following the 1970s oil shocks. The move comes as tanker traffic through the…

Crude oil inventories in the United States increased by 3.8 million barrels during the week ending March 6, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 443.1 million barrels according to government data, which is still 2% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories fell by 1.7 million barrels in the period. Crude…

El Instituto Venezolano de Investigaciones Científicas (IVIC) anunció el inicio formal del primer

El presidente de Estados Unidos, Donald Trump, está evaluando "opciones adicionales" para contener los precios de la gasolina, que se han visto afectados por los bloqueos derivados de la guerra de Irán en el estrecho de Ormuz, una vía por la que circula aproximadamente una quinta par...

La Agencia Internacional de Energía (AIE) propuso liberar más de 182 millones de barriles de petróleo —la mayor de su historia— como medida para frenar el alza de los precios del crudo,

Las compañías internacionales Chevron y Shell están cerca de concretar sus primeros acuerdos significativos de explotación petrolera en Venezuela desde la captura de Nicolás Maduro en enero, según informaron a

Driving past the gleaming skyscrapers of downtown Tel Aviv, a huge video billboard catches the eye as the advertisement switches from groceries to a giant portrait of the US president with the caption: "Thank you, God and Donald Trump!" The tribute bears witness to Israeli gratitude for America's role in the military strikes on Iran. Israeli officials have repeatedly stressed that the two countries are in lockstep. "The cooperation is historic between the US military and the IDF (Israel Defense Forces) and between the Israeli Air Force and the…