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Escalating tensions between the United States and Venezuela could lead to profound changes in the oil industry of the world’s largest crude resource holder. Any regime change of President Nicolas Maduro could be a game-changer for oil production in Venezuela, U.S. access to Venezuela’s heavy crude fit for U.S. Gulf Coast refineries, and America’s influence in the Western Hemisphere and Latin America. Although it’s not certain that U.S. President Donald Trump would necessarily pursue regime change or an incursion of some…
Turkish President Recep Tayyip Erdogan is traveling to Turkmenistan for festivities December 12 marking the Central Asian state’s 30th anniversary of neutrality. While in Ashgabat, Erdogan will also hold talks with Turkmen leaders likely focusing on the topic of natural gas supplies. Speaking to reporters earlier in December, Turkish Energy Minister Alparslan Bayraktar said Ankara is working to expand gas imports via a long-time arrangement with Iran, augmented by a swap deal with Turkmenistan. A lack of clarity about sanctions currently…
On Wednesday, the United States carried out one of its most consequential maritime interventions to date. The Federal Bureau of Investigation, Homeland Security Investigations, and the United States Coast Guard, acting with support from the Department of War, seized a crude oil tanker accused of transporting sanctioned oil from Venezuela and Iran. It was a dramatic show of force in already volatile waters and an intervention that has jolted Caracas. The operation was presented as a decisive strike against illicit oil flows. Yet within hours, Venezuela…
The global energy landscape is undergoing a decisive structural shift, moving away from the century-old model of centralized utility dependence toward localized, autonomous power networks. According to a new industry report by Credence Research, the global market for decentralized microgrid solutions is projected to nearly triple in value over the next decade, reaching $17.16 billion by 2032. This trajectory represents a Compound Annual Growth Rate (CAGR) of 13.74%, driven by a confluence of geopolitical instability, accelerating renewable energy…
