The energy sector has endured yet another lackluster year, with the S&P 500 Energy Sector having returned 7.1% in the year-to-date, the fourth lowest among the 11 market sectors in the S&P 500. Both Oil & Gas as well as renewable energy stocks have underperformed, with the Energy Select Sector SPDR Fund (NYSEARCA:XLE), the famous oil and gas benchmark, having gained 7.3% YTD compared to -22.6% return by the iShares Global Clean Energy ETF (NASDAQ:ICLN) and 27.6% by the S&P 500. Unfortunately, both fossil fuel and clean energy sectors…

12 de diciembre de 2024.- La Guardia Nacional Bolivariana (GNB) detuvo a dos personas que transportaban material de guerra, según reportes. Tales detenciones se realizaron en las entidades fronterizas de Táchira y Zulia. En el punto de atención al ciudadano ubicado en Capacho (Táchira), los milit...

Trafigura saw its net profit for the financial year 2023/2024 ended on September 30 plunge by 62% as the commodity trading giant recorded a loss of $1.1 billion related to serious misconduct by individuals in its Mongolian oil business. Trafigura booked a net profit of $2.8 billion for FY2024, down from a $7.3 billion profit in FY2023 and $6.8 billion for FY 2022, the oil and metals trading house said on Friday. The underlying performance was strong, with strong contributions from all three core businesses – Oil and Petroleum Products; Metals,…

Even though Russia’s grand military plans are increasingly failing, as seen in Syria and the developments in Ukraine, leaving Putin’s grand strategy in disarray, Western critical infrastructure is currently under an onslaught of Russian hackers. A major report by Cyble Research, dated December 6, indicated that Russian hackers are intensifying their attacks on critical infrastructure, evolving from Distributed-Denial-of-Service (DDoS) attacks and website defacement to tampering with operational technology (OT) controls on critical systems.…

13 de diciembre de 2024.- En el salón Manuel Taborda de la Gerencia Regional de Salud de los Trabajadores en Maracaibo, el pasado 10 de diciembre, en el marco de la conmemoración del Día de los Derechos Humanos decretado en 1948 por la Asamblea General de las Naciones Unidas adoptando la Declaración...

Bolivia y Cuba se unirán a los BRICS como países socios a partir del 1 de enero de 2025, declaró el viceministro ruso de Exteriores, Serguéi Riabkov. "[Bolivia y Cuba] forman parte del grupo que ha recibido una invitación. Estamos seguros de que todo saldrá bien en lo que se re...

Moldova on Friday declared a nationwide state of emergency for 60 days, expecting Russian pipeline gas supply to cease from January 1, 2025. The Parliament of the country, which currently receives Russian gas via Ukraine, approved overnight a proposal from Prime Minister Dorin Recean to declare a state of emergency, which begins on December 16. Moldova has been trying to fend off Russian influence in the breakaway Transdniestria region, a narrow strip of land between the Dniester River and the Ukrainian border, which isn’t recognized by the…

Oil prices are climbing once again as geopolitical risk rises and the threat of new U.S. sanctions on Russia's shadow fleet threatens supply.Oil prices have finally outgrown the pains of the OPEC+ meeting, with the potential threat of sanctions now front and center this week. New G7 sanctions on Russia’s shadow fleet, Chinese concerns about buying Iranian crude with Trump coming into office, and looming nuclear sanctions on Tehran have added some geopolitical risk premium to oil, lifting Brent back to $74 per barrel, posting the first weekly…

Con el propósito de proyectar como sector productivo al estado Falcón, una delegación de inversionistas y autoridades de la República Popular China recorrieron la Zona Económica Especial (ZEE) Península de Paraguaná, a fin de evaluar sectores de inversión y así establecer nuevas alianzas. y co...

End of Assad Regime Raises Risks of Syrian Fuel Shortages - The fall of the Assad regime in Syria after Bashar al-Assad fled the country and ended his 24-year tenure as president might engender a widespread fuel shortage across the Middle Eastern country.   - The Syrian port of Baniyas was dependent on Iranian fuel supplies and the approximately 60,000 b/d of oil that Tehran was sending to Syria kept the country’s two existing refineries operational. - As representatives of Hayat Tahrir al-Sham rose to prominence in Syria, Iranian crude…

Light crude oil futures climbed 4.52% this week as of Thursday, reflecting a mix of supportive and limiting factors that shaped market activity. Key drivers included Chinese economic policy changes, Middle Eastern unrest, U.S. inventory levels, and global supply forecasts. China’s Economic Policies Stoke Demand Optimism China’s announcement of a "moderately loose" monetary policy boosted expectations for higher crude demand. This marked the country’s first easing of monetary policy in over a decade, aimed at addressing weak economic…

Politics, Geopolitics & Conflict The Iraqi parliament has delayed a decision on Kurdish crude oil exports until January, prolonging a year-long suspension of deliveries amid disputes over authority and compensation. The deadlock stems from disagreements over the costs of oil production and transport in Kurdistan, prompting Kurdish parliamentarians to withdraw from discussions. An ICC ruling in March 2023 in favor of Iraq barred Turkey from authorizing Kurdish exports via the Iraq-Turkey pipeline without Baghdad's approval, further complicating…

After a 54-year rule, the Assad regime was toppled last weekend by a rebel advance that managed to overthrow the regime without much of a fight, largely because Assad’s forces deserted as the rebels advanced, while allies Russia, Iran, and Iranian proxy Hezbollah failed to come to Assad’s rescue (in Syria, at least). Israel followed up in a clean sweep operation, conducting nearly 500 airstrikes in 48 hours, taking out strategic Syrian military targets to avoid them falling into the hands of whatever new leadership emerges from the…

U.S.-based Kosmos Energy said it is in early preliminary discussions to potentially buy Tullow Oil in an all-share transaction that could create an oil producer focused on Africa. “There can be no certainty that any offer will be made, nor as to the terms on which any offer might be made,” Kosmos Energy said, confirming an earlier statement from Tullow Oil that it had been approached for talks by Kosmos. The U.S.-based oil and gas company reserves the right to vary the form and/or mix of the offer consideration and vary the transaction…

Alrededor de 1,1 millones de personas se han tenido que desplazar en toda Siria desde que comenzaron a intensificarse las hostilidades el 27 de noviembre, en su mayoría mujeres y niños, recoge la Oficina de las Naciones Unidas para la Coordinación de Asuntos Humanitarios (OCHA, por sus siglas ...

El presidente de la República, Nicolás Maduro afirmó que la industria farmacéutica venezolana está en condiciones de producir casi en un 100 %. Esta declaración fue emitida durante la inauguración de la Universidad Nacional de las Ciencias Dr. Humberto Fernández-Morán. Esto a propós...

Un estudio revela el temor generalizado a la muerte que la guerra israelí en Gaza ha infundido en corazones de los niños de esa franja costera. La investigación, cuyos resultados se publicaron el miércoles en el diario británico The Guardian, fue realizada por el Centro Comunitario ...

Nigerian firm Seplat Energy plans to revive output from hundreds of currently idle oil wells after completing the purchase of ExxonMobil’s onshore operations in the biggest African oil producer, senior Seplat executives told Bloomberg. After two years of regulatory checks and reviews, Nigerian authorities finally approved in October the $1.3-billion sale of Exxon’s onshore assets to Seplat. The Nigerian company, which is listed in Lagos and London, said on Thursday that had completed its acquisition of Mobil Producing Nigeria Unlimited…

Nigerian firm Seplat Energy plans to revive output from hundreds of currently idle oil wells after completing the purchase of ExxonMobil’s onshore operations in the biggest African oil producer, senior Seplat executives told Bloomberg. After two years of regulatory checks and reviews, Nigerian authorities finally approved in October the $1.3-billion sale of Exxon’s onshore assets to Seplat. The Nigerian company, which is listed in Lagos and London, said on Thursday that had completed its acquisition of Mobil Producing Nigeria Unlimited…

La vicepresidenta Ejecutiva, Delcy Rodríguez, aseguró este jueves que el "bloqueo" de Estados Unidos busca "torturar y asfixiar" la economía venezolana. La alta funcionaria afirmó durante la XXV edición del Foro Mundial de Zonas Económicas Especiales y la Transic...