Goldman Sachs once again raised its outlook for oil prices, now seeing Brent crude at an average of $90 per barrel in the fourth quarter of the year, and West Texas Intermediate at $83 per barrel. At the time of writing, Brent crude was trading at $106.68 per barrel, and WTI was changing hands at $95.35 per barrel as negotiations between Iran and the United States remain on hold, with the restart uncertain. “The economic risks are larger than our crude base case alone suggests because of the net upside risks to oil prices, unusually high…

La unidad pertenece a la línea Unión Táchira y sal...

24 de abril de 2026. Con la premisa de impulsar el aprovechamiento racional de hidrocarburos, los jefes de las carteras de Ecosocialismo, Alfred Nazaret Ñáñez y de Hidrocarburos, Paula Henao Vera, sostuvieron una reunión de trabajo para afinar puntos comunes en la mitigación de pasivos ambient...

Last month, the International Energy Agency (IEA) announced the coordinated release of over 400 million barrels of oil from global strategic reserves to combat high energy prices amid the Middle East turmoil. The U.S. was to contribute approximately 172 million barrels of this total, with the release taking place over 120 days starting late March 2026 to help lower gasoline costs. And now reports have emerged that theTrump administration has authorized the release of millions of barrels of oil from the Strategic Petroleum Reserve (SPR), with Europe…

The impact of the war in the Middle East could lead to structural demand destruction on the world’s natural gas markets, the head of the Gas Exporting Countries’ Forum warned in the latest sign of the far-reaching impacts of the hostilities between the United States and Israel, and Iran. The war has already disrupted international gas flows because of the Strait of Hormuz closure and the strikes on energy infrastructure in the Persian Gulf, which were Iran’s retaliation for U.S. and Israeli strikes that began at the end of February.…