OQ, the national oil company of Gulf producer Oman, plans to put more of its subsidiaries up for stock listing, following the record-breaking IPO of its OQ Exploration and Production Company earlier this year, a senior executive told Bloomberg in an interview. In October, OQ Exploration and Production Company (OQEP), Oman’s wholly-state-owned upstream oil and gas operator, raised $2.03 billion from its IPO which was the largest ever for the Gulf oil nation and the biggest in the region so far this year. OQEP sold 2 billion shares in the IPO…

Despite OPEC+ postponing its planned production increases until 2025, oil prices remain under pressure due to demand uncertainty. In a widely anticipated move, OPEC+ postponed its planned supply increases by another quarter, now pledging to start unwinding output cuts from April 2025 onwards. This, however, was not enough to convince oil markets of a bullish narrative lurking out there, not even the postponement of the UAE’s baseline quota increase could stop ICE Brent from dipping back below $72 per barrel. OPEC+ Delays Unwinding of…

El ministerio de Transporte a través de su cuenta en Instagram, informó que a partir del 20 de diciembre , la aerolínea venezolana iniciará vuelos a la ciudad de Guangzhou (China), haciendo escala en la ciudad de Moscú ( Rusia). Cabe señalar que a propósito de los 50 años del establ...

Este jueves, un tribunal de distrito de Jerusalén rechazó la petición del primer ministro de Israel, Benjamín Netanyahu, de restringir su presencia obligatoria en el tribunal a dos veces a la semana, en el contexto del proceso judicial que le está en curso por corrupción. Los magistrados sente...

OPEC+ Delays Return of Production Cuts By Three Months - In a largely anticipated move, OPEC+ announced it would postpone the easing of its production cuts for another quarter and only start bringing back some of its 2.2 million b/d of voluntary cuts from April 2025. - In what seems to be a diplomatic win for Saudi Arabia, even the United Arab Emirates agreed to delay a 300,000 b/d hike to their production baseline, phasing in the subsequent increase over the remaining months of 2025. - OPEC+ has signaled it would be managing oil supply in the…

Crude oil prices have found some support this week, driven by China’s economic recovery and OPEC+ production strategies. China, the world’s second-largest oil consumer, reported its fastest factory activity growth in five months, reinforcing optimism about future crude demand. Analysts view Beijing’s targeted stimulus measures as a potential catalyst for stabilizing global oil markets. OPEC+ has already acted to stabilize prices by extending its voluntary production cuts of 2.2 million barrels per day (bpd) until March 2025. These…

Politics, Geopolitics & Conflict Libyan oil production has hit an 11-year high at 1.422 million bpd, recovering (at least for now) from the Central Bank control battle that saw oil once again taken hostage, with production cut in half earlier this year. At the same time, Libya’s NOC has announced it will put up for exploration 22 new onshore and offshore areas in a public tender, though no exact date for presenting the blocs to international oil companies has yet been announced. The seemingly smooth sailing for Libyan oil production right…

When I sat down to write this piece, I intended to start with “There has never been a better time to buy MLPs”, then I realized that that isn’t true. About six weeks ago, before the US election results were known, was almost certainly a better time. But if you didn’t have access to a crystal ball back then and missed the opportunity, don’t worry. Now may not be the best time, but it is still a very good one. MLPs, or Master Limited Partnerships to give them their full name, are listed on exchanges, and they can be…

Amid the tentative ceasefire in Lebanon, the fighting has shifted to Syria, where the Syrian rebels have now taken their second city from Assad’s forces in two weeks. Hezbollah has shifted more attention to Syria, backing Assad’s forces. On Thursday, Syrian rebel forces captured Homs, in the country’s central region, after an unexpectedly large offensive last week that saw them capture Hama city and close in on and capture Aleppo, Syria’s second-largest city. The Syrian rebels have been emboldened by Israel’s recent…

El grupo BRICS seguirá trabajando en la creación de su propio sistema de pagos pese a las recientes amenazas por parte del presidente electo de Estados Unidos, dijo a Sputnik el viceministro de Exteriores ruso, Alexandr Pankin. "Lo de la plataforma de pagos es una oportunidad, ...

BP is looking to sell up to 49% of its U.S. natural gas pipeline network in a deal that could fetch up to $3 billion, Reuters reported on Friday, citing anonymous sources with knowledge of the plans. The potential sale would be part of BP’s efforts to reduce its net debt, which has recently increased, according to some of Reuters’s sources. BP Pipelines North America Inc. operates in 14 states and 136 counties in the Midwest and Northwest, with an ownership stake in approximately 1,500 miles of additional pipelines. BP’s North…

BP is looking to sell up to 49% of its U.S. natural gas pipeline network in a deal that could fetch up to $3 billion, Reuters reported on Friday, citing anonymous sources with knowledge of the plans. The potential sale would be part of BP’s efforts to reduce its net debt, which has recently increased, according to some of Reuters’s sources. BP Pipelines North America Inc. operates in 14 states and 136 counties in the Midwest and Northwest, with an ownership stake in approximately 1,500 miles of additional pipelines. BP’s North…

El Instituto Nacional de Meteorología e Hidrología (Inameh), en su reporte matutino de este viernes 06 de diciembre, detalló que, prevé cielo parcialmente nublado y zonas despejadas durante la mañana en gran parte del país exceptuando la Guayana Esequiba, Bolívar, Amazonas Delta Amacuro, Sucre...

Oil supplies from Russia to the Czech Republic via the Druzhba pipeline resumed early on Friday, Czech refiner ORLEN Unipetrol said, after flows were interrupted earlier this week. “Oil supplies were restored this morning and oil is flowing again through the Druzhba pipeline to the Czech Republic,” Unipetrol’s chief executive Mariusz Wnuk said in a post of the company on X. Oil is currently flowing at normal levels, said Wnuk. On Tuesday, supply via the Druzhba pipeline to the Czech Republic was halted. Unipetrol, which is a subsidiary…

La vicepresidenta Ejecutiva de la República, Delcy Rodríguez, agradeció a China por el apoyo ante las sanciones y el bloqueo ilegal impuesto a Venezuela por Estados Unidos (EEUU); así lo hizo saber desde Beijing, cuando le reportó al jefe de Estado, Nicolás Maduro, durante una comunicación tel...

06-12-24.-El precio del dólar en el Banco Central de Venezuela (BCV) se cotizó este jueves 05 de diciembre 2024 en Bs.48,32 por unidad según la última actualización en su página web oficial y redes sociales. El euro se cotizó en...

Europe’s industry is set to lose further competitiveness as high energy prices, rising natural gas prices, and concerns about gas supply this winter are increasing uncertainty about factory utilization amid rising costs. European benchmark natural gas prices are hovering around a one-year high hit last month as cold snaps in November dashed hopes and prayers of a third relatively mild winter in a row. In recent weeks, Europe has been depleting its natural gas stocks at the fastest pace since 2016 as demand has increased with the colder temperatures.…

01-12-24.-El Servicio Administrativo de Identificación, Migración y Extranjería (Saime) ha anunciado la apertura de una nueva oficina dedicada a la emisión de pasaportes ordinarios con habilitación. Esta nueva opción, disponible para todos los venezolanos, permite solicitar el pasaporte a través del...

06-12-24.-La ONG Observatorio Venezolano de Prisiones (OVP) confirmó este jueves 5 de diciembre la excarcelación de la menor de edad Mariana González luego que el Ministerio Público aceptara la solicitud de la revisión de su medida. Sin embargo, mediante su red social “X” recordaron que en el paí...

El Gobierno de Venezuela estudia renovar el parque automotor con opciones “eléctricas y sostenibles”, con el fin de reducir la huella de carbono en el sector transporte, informó Josué Lorca, ministro de Ecosocialismo.  A través de una publicación en