The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.188 million barrels in the week ending May 8. In the week prior, US crude oil inventories fell by 8.1 million barrels. Analysts had expected a 1.65 million-barrel draw for the current reporting period. US crude inventories are up 35 million barrels so far this year, according to API data. Inventories in the US Strategic Petroleum Reserve (SPR) continue to draw down in an attempt to alleviate the pressure on prices. For week ending May 8, 8.6…

After more than five months of political cajolery, threats, and infighting since Iraq’s 11 November parliamentary elections – the seventh since Saddam Hussein’s fall in 2003 – an erstwhile obscure businessman, Ali al-Zaidi, has been selected as the Prime Minister-designate of the governing Iran-aligned Shia Coordination Framework bloc. Regarded as a compromise candidate between more pro-West sitting Prime Minister, Mohammed Shia’ al-Sudani, and one of his predecessors, the pro-Iran Nouri al-Maliki, al-Zaidi now has…

12 de mayo de 2026.- El barril de petróleo Brent para entrega en julio cotiza por encima de los 107 dólares este martes, con una subida de casi el 3%, impulsado por la tensión creciente entre Estados Unidos e Irán y el bloqueo persistente del estrecho de Ormuz. Hacia las 10.1...

The Trump administration is considering a temporary removal of the federal gas tax in response to soaring retail fuel prices that have dampened consumer sentiment, sending it to its lowest since the early 1950s. “I think it's a great idea,” the President told CBS News in an interview Monday. “Yup, we're going to take off the gas tax for a period of time, and when gas goes down, we'll let it phase back in.” The remarks of the President echo a suggestion by Energy Secretary Chris Wright made on Sunday, about the administration…

12 de mayo de 2026.- El activista brasileño Thiago Ávila regresó a su país tras ser deportado por Israel, cuyo régimen lo mantuvo detenido durante once días por su participación en una Flotilla Global Sumud con destino a Gaza, en un contexto de creciente tensión diplomática y denuncias por violacion...

Mediante un incremento del 36 % en la producción de huevos, así como un 15,8 % en la producción de pollo, la Federación Nacional de Avicultura de Venezuela (Fenavi) impulsa el nuevo Consejo Nacional de Exportaciones Avícolas. “Este crecimiento sostenido permite que nuestras gr...

Las Fuerzas Armadas estadounidenses realizaron al menos 25 vuelos militares cerca de

Iraq may soon have a new prime minister as the Coordination Framework, Iraq’s largest parliamentary bloc and a coalition of Shia Arab political forces,  nominated businessman Ali al-Zaidi for the post, hoping to break a deadlock between caretaker prime minister Mohammed Shia Al-Sudani and former prime minister Nouri Al-Maliki, who was previously nominated for the post. U.S. president Donald Trump spoke to Zaidi and pronounced himself satisfied: “With our help, he won, and we want him to do very well.” Trump may have felt…

En los estados Táchira, Carabobo y Lara, la duración de los cortes del servicio eléctrico han aumentado tras el anuncio de la administración de carga. En el estado Táchira, se reportan cortes de hasta cuatro horas durante el día y cuatro más durante la noche. Además, en ocasiones la...

Ukrainian President Volodymyr Zelenskyy met with Palantir CEO Alex Karp on Tuesday as Kyiv pushes deeper into artificial intelligence to fight Russia, building on a months-old partnership that is already reshaping how Ukraine targets incoming drones and plans strikes inside Russian territory. The meeting came as Ukraine's Defense Minister Mykhailo Fedorov, who took the role in January, said more than 100 companies are now training over 80 AI models to detect and intercept aerial targets through the Brave1 Dataroom, a secure platform Kyiv launched…

Millones de venezolanos dependen mensualmente de los subsidios económicos y asignaciones especiales distribuidas a través de la plataforma del Sistema Patria. Sin embargo, una de las quejas más recurrentes de los usuarios es la interrupción repentina de estos pagos. En tal sentido, ...

The U.S. Energy Information Administration is about to hand oil traders another thing to obsessively refresh between API inventory data drops and Strait of Hormuz headlines. Starting Wednesday, the EIA will publish a new quarterly report that tracks global strategic petroleum reserves and energy flows through major shipping choke points, including through the world’s most nerve-wracking stretch of water right now: the Strait of Hormuz. The additional data will add to the hyperfixation that currently exists in the oil market on the fallout…

The U.S. Energy Information Administration is about to hand oil traders another thing to obsessively refresh between API inventory data drops and Strait of Hormuz headlines. Starting Wednesday, the EIA will publish a new quarterly report that tracks global strategic petroleum reserves and energy flows through major shipping choke points, including through the world’s most nerve-wracking stretch of water right now: the Strait of Hormuz. The additional data will add to the hyperfixation that currently exists in the oil market on the fallout…

La presidenta encargada de Venezuela, Delcy Rodríguez, desestimó la posibilidad de que su país se convierta en el estado 51 de Estados Unidos. Agregó que el presidente estadounidense, Donald Trump, sabe que "hemos estado trabajando en una agenda diplomática de cooperación y ese es el cami...

Copper is defying the 'war discount' usually applied to industrial metals, nearing an all-time high on Monday as a brutal supply crunch proves more powerful than the threat of a global recession The three-month contract on the London Metal Exchange climbed as much as 0.5% to $13,643 a ton, its strongest intraday print since the January 29 spike that briefly carried prices above $14,500, according to Bloomberg. The rally extended across the LME complex. Aluminum jumped more than 2%, nickel added 1.9%, and the exchange's all-in price gauge closed…

Eni is looking to squeeze more cash out of LNG without giving up control of the business. Reuters reported Tuesday that the Italian energy major has hired Morgan Stanley to explore a potential deal involving its floating LNG assets, with infrastructure giants including Apollo, KKR, and Stonepeak reportedly approached in early-stage discussions. The structure under consideration would allow outside investors to inject capital into a vehicle tied to cash flows from Eni’s floating LNG operations. The deal could raise at least €1 billion…

Brent crude nears $110 as Trump warns the Iran ceasefire is on “life support,” while Gulf producers signal oil infrastructure repairs may stretch into 2027. China’s Oil Machine Hits the Brakes: Imports Sink, Margins Tank, Pressure Rises - With Gulf supply still stranded, China’s crude imports posted a hefty 2.4 million b/d month-over-month decline in April, averaging only 9.25 million b/d and marking the lowest pace of inflows since July 2022. - Apart from the obvious sourcing problems all Asian refiners face nowadays, Chinese…

The tiny impoverished South American country of Suriname has been battling for six years to launch a petroleum boom, which pundits believe will replicate neighboring Guyana’s oil rush. A combination of poor drilling results, high gas-to-oil ratio, and mismatched seismic data delayed the emergence of what could be South America’s last great offshore oil boom. Suriname’s favorable regulatory environment and low break-even prices, coupled with the recent price shock following U.S. and Israeli strikes on Iran, will drive greater investment…

Londres, 11 de mayo. Los precios del petróleo se dispararon hoy por encima del tres por ciento luego del fracaso de las negociaciones de paz entre los Estados Unidos e Irán. Operadores de materias primas señalaron que los valores del crudo iniciaron la semana con una fuerte tendenci...

Spiking LNG prices and reduced supply from the Middle East have prompted Japan and South Korea to raise coal power generation and coal imports in recent weeks. Gas-fired power generation in Japan and South Korea, the world’s second- and third-largest LNG importers after China, slumped to multi-month lows in April and early May. That’s because supply from the Middle East crashed with no Qatari shipment passing through the Strait of Hormuz between February 28 and this past weekend, when the first cargo cleared the chokepoint bound for…