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China's Petrochemical Reliance on U.S. Outweighs Rare Earth Trade
US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see "Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates") blunting the impact of its dominations of exports of rare earth metals. China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion. That dwarfed the $170 million of rare earths the…
Categories: Oil news
Putin Extends Russian Oil Export Ban to Price Cap Countries Through 2025
Russian President Vladimir Putin has extended a ban on the sale of Russian oil and petroleum products to buyers that comply with the Western-imposed price cap, pushing the restriction through the end of 2025. The decree, which first took effect in February 2023, prohibits Russian producers from exporting oil to foreign entities or individuals whose contracts include the $60 per barrel price ceiling set by the so-called Price Cap Coalition—primarily the G7 and EU nations. The goal of the Western policy was to keep Russian oil flowing to global…
Categories: Oil news
Putin Extends Russian Oil Export Ban to Price Cap Countries Through 2025
Russian President Vladimir Putin has extended a ban on the sale of Russian oil and petroleum products to buyers that comply with the Western-imposed price cap, pushing the restriction through the end of 2025. The decree, which first took effect in February 2023, prohibits Russian producers from exporting oil to foreign entities or individuals whose contracts include the $60 per barrel price ceiling set by the so-called Price Cap Coalition—primarily the G7 and EU nations. The goal of the Western policy was to keep Russian oil flowing to global…
Categories: Oil news
Francia: Greta Thunberg llega a París tras su expulsión por las autoridades israelíes
10 de junio de 2025.- Israel "secuestró" a los activistas propalestinos del velero Madleen "en aguas internacionales", acusó este martes Greta Thunberg, a su llegada a un aeropuerto de París tras su expulsión por las autoridades israelíes.
La embarcación fue interceptada el lunes cuando intentaba...
Categories: Venezuelan news
Grid Resilience Will Come At A Hefty Price
Grid upgrades, expansions, and resilience will need trillions of U.S. dollars of investments to catch up with the rising share of renewable energy generation. Governments, especially in Europe, have started to realize that the net-zero ambitions and the cleaner electricity grids will cost much more than initially planned. This decade, renewables generation has been breaking records in Europe every year, solar power surpassed the share of coal generation, and natural gas-fired electricity generation fell for the fifth year running in 2024. Renewables…
Categories: Oil news
Portuarios italianos impiden embarque de armas con destino a Israel
10 de junio de 2025.- Los estibadores del puerto italiano de Salerno, en la sureña región de Campania, impidieron el embarque de armamento en el carguero israelí Contship ERA, de la compañía ZIM, destaca hoy un comunicado.
De acuerdo con una nota de la Federación Italiana de Trabajadores del Tran...
Categories: Venezuelan news
Crece violencia en Ecuador: Otras siete personas fueron asesinadas en Guayaquil
10 de junio de 2025.- La mañana de este martes 10 de junio, al menos siete personas fueron asesinadas en solo una hora en el distrito Pascuales, al norte de la ciudad, elevando la cifra de muertes violentas en la zona a más de 200 en lo que va del año 2025.
La masacre de Pascuales dejó cerca de c...
Categories: Venezuelan news
Offshore Wind Growth Drives Revenue for OEG Energy Group
A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m for 2024, having posted a pre-tax loss of $14.9m in 2023. New accounts filed with Companies House also show its revenue jumped from $320.5m to $537.3m in the year while its headcount also grew from 1,052 to 1,361. The results come after US investment group Apollo agreed to buy OEG Energy…
Categories: Oil news
141 connacionales regresan al país desde los Estados Unidos en el Plan Vuelta a la Patria
10 de junio de 2025.- Este martes 10 de junio, arribó al país un nuevo vuelo al Aeropuerto Internacional de Maiquetía Simón Bolívar con 141 migrantes venezolanos provenientes de Estados Unidos, a través del Plan Vuelta a la Patria.
Este retorno representa una iniciativa del Gobierno nacional que ...
Categories: Venezuelan news
Uncertainty Surrounds Future of UK Steel Exports
Via Metal Miner Trump tariffs are back once again putting U.S trade partners in a tough spot. President Donald Trump recently exempted the United Kingdom from his doubling of import tariffs on steel and aluminum into the United States, but only temporarily. While import tariffs from UK steelmakers remain at 25% for now, failure to reach an agreement between the two states on other trade issues by July 9 could see them rise to 50%. This would put the UK in line with the rest of the world. move came after he announced plans to raise the duties…
Categories: Oil news
EIA Calls Peak Shale as Drilling Activity Declines
Peak shale may already be behind us. U.S. crude oil production is now forecast to slip from a record 13.5 million barrels per day (bpd) in Q2 2025 to around 13.3 million bpd by the end of 2026, according to the U.S. Energy Information Administration’s bombshell June Short-Term Energy Outlook, signaling to an already price-weary industry that shale’s best days are in the rearview. It’s a subtle but significant shift—marking the first extended production dip forecast since the U.S. shale renaissance began more than a decade…
Categories: Oil news
EIA Calls Peak Shale as Drilling Activity Declines
Peak shale may already be behind us. U.S. crude oil production is now forecast to slip from a record 13.5 million barrels per day (bpd) in Q2 2025 to around 13.3 million bpd by the end of 2026, according to the U.S. Energy Information Administration’s bombshell June Short-Term Energy Outlook, signaling to an already price-weary industry that shale’s best days are in the rearview. It’s a subtle but significant shift—marking the first extended production dip forecast since the U.S. shale renaissance began more than a decade…
Categories: Oil news
Violenta mañana en Colombia: atentados con bombas sacuden Cali, Buenaventura y el Cauca
10 de junio de 2025.- Dos explosivos fueron detonados en dos lugares de la ciudad Cali, capital del departamento colombiano del Valle del Cauca, la mañana de este martes.
El primer hecho violento ocurrió tras estallar una moto bomba en la estación de Policía de Meléndez, en el sur d...
Categories: Venezuelan news
María José Parada: la mujer que encaró a la cuarta república por desapariciones de presos políticos en Venezuela
10 de junio de 2025.- Luchadora incansable, defensora de los derechos humanos en Venezuela, mujer que se enfrentó a los esbirros de la cuarta república, arriesgando la vida por denunciar valerosamente los vejámenes, agresiones, torturas, encarcelaciones y desapariciones contra los luchadores s...
Categories: Venezuelan news
China’s Gas Firms Want Power Sector To Prop Up Demand
As China’s natural gas demand growth slows, domestic gas producers are lobbying the authorities to raise the number of gas-fired power plants, which they see as the key growth driver going forward, sources involved in advising on energy policy have told Bloomberg. China’s gas demand growth has weakened in recent years amid slower industrial expansion, as well as booming renewables and continued reliance on coal in the power generation sector. The electricity generation sector represents about 18% of the Chinese natural gas consumption.…
Categories: Oil news
China’s Gas Firms Want Power Sector To Prop Up Demand
As China’s natural gas demand growth slows, domestic gas producers are lobbying the authorities to raise the number of gas-fired power plants, which they see as the key growth driver going forward, sources involved in advising on energy policy have told Bloomberg. China’s gas demand growth has weakened in recent years amid slower industrial expansion, as well as booming renewables and continued reliance on coal in the power generation sector. The electricity generation sector represents about 18% of the Chinese natural gas consumption.…
Categories: Oil news
Trump Says Iran Demands Unacceptable in Nuclear Negotiations
Iran and the United States on June 9 indicated that talks on Iran’s nuclear program will continue but the two side gave different dates for the next round of negotiations. Iran said the next round of talks is planned for June 15 in Muscat, while US President Donald Trump said the next round would take place on June 12. Trump said talks would continue despite the two sides being at odds over whether Iran would be allowed to continue enriching uranium. "They're just asking for things that you can't do. They don't want to give up what they have…
Categories: Oil news
China’s Gas Firms Want Power Sector To Prop Up Demand
As China’s natural gas demand growth slows, domestic gas producers are lobbying the authorities to raise the number of gas-fired power plants, which they see as the key growth driver going forward, sources involved in advising on energy policy have told Bloomberg. China’s gas demand growth has weakened in recent years amid slower industrial expansion, as well as booming renewables and continued reliance on coal in the power generation sector. The electricity generation sector represents about 18% of the Chinese natural gas consumption.…
Categories: Oil news
Israel ataca y bombardea el puerto de Al Hudeida en Yemen
Israel bombardeó este martes el puerto yemení de Al Hudeida desde buques de la Armada, en el primer ataque del Ejército israelí a Yemen lanzado desde el mar, anunció este en un comunicado.
"Los ataques se llevaron a cabo tras la agresión del régimen terrorista hutí contra el Estado ...
Categories: Venezuelan news
Exportaciones no petroleras en Venezuela presentan incremento del 87.66%
Las exportaciones no petroleras de Venezuela experimentaron durante los primeros cuatro meses de 2025 un aumento en más del 87 por ciento, en comparación con el mismo período del año pasado, tras un crecimiento económico continuo que se ha mantenido durante 16 trimestres.
Los sector...
Categories: Venezuelan news