Oil prices have dropped back to pre-war levels since the United States and Iran agreed to negotiate a deal under a framework that included the reopening of the Strait of Hormuz. With oil flows out of the Middle East starting to return to the market, analysts, investment banks, and traders expect the global oil glut to return as early as in 2027 and sink oil prices further. Prices are heading south to $60 per barrel, many analysts think. The futures market seems to think this way, too. Speculators are betting on where they think prices will go in…

Martes, 07 de julio de 2026.- Hay un lío espectacular con la prueba de un misil balístico que ha lanzado China durante la noche, desde un submarino y que China dice simplemente, que es parte de una rutina, de un procedimiento que está utilizando para la prueba del armamento, según lo reportado...

Late June/early July normally brings twin events from Iraq for the global oil industry: an announcement that it intends to increase its crude oil production to either 6 or 7 million barrels per day (bpd) within three years, and a statement that its prime minister will visit Washington to discuss deepening strategic ties or something similar aimed at securing money from the U.S. This year is no different, with the announced three-year target being 7 million bpd, and the visit of new prime minister, Ali al-Zaidi happening in the middle of this month.…

El gobierno de Venezuela reabrirá el Aeropuerto de Maiquetía para vuelos comerciales a la brevedad. Las autoridades toman esta medida tras los potentes t

Donald Trump is trying to push forward a nuclear power renaissance in the United States as the AI boom presents the country with a major looming energy deficit. The federal government recently announced over $17 billion in federal loans as part of a scheme to encourage investment in revitalizing the nation’s ageing nuclear fleet. The move comes as part of a broader desire on the part of the Trump administration to “produce lasting American dominance in the global nuclear energy market.” However, it will take a lot more than a…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 399,000 barrels in the week ending July 3. In the week prior, US crude oil inventories fell by 6.072 million barrels. Although commercial crude oil inventories excluding the SPR have been falling rapidly for more than two months, shedding almost 60 million barrels over the last twelve weeks, US crude inventories are only down 8.6 million barrels so far this year, according to API data, kept in check by draws from the SPR. For the week ending…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 399,000 barrels in the week ending July 3. In the week prior, US crude oil inventories fell by 6.072 million barrels. Although commercial crude oil inventories excluding the SPR have been falling rapidly for more than two months, shedding almost 60 million barrels over the last twelve weeks, US crude inventories are only down 8.6 million barrels so far this year, according to API data, kept in check by draws from the SPR. For the week ending…

El vicepresidente sectorial de Política, Seguridad Ciudadana y Paz Diosdado Cabello rechazó de manera contundente las recientes declaraciones del alcalde de Panamá, Mayer Mizrachi, calificándolas de «miserables y vulgares» en el contexto de ...

Chevron and Exxon are expected to report their best quarter since 2022 this month, as the war that the United States and Israel started against Iran on February 28 drove much tighter oil and gas supply. This could be a problem for President Trump who has already slammed Big Oil for keeping prices at the pump too high. The two biggest American oil companies are reporting second-quarter results at the end of this month and, according to Reuters, will book the best quarter since 2022, when Western sanctions on Russia following its incursion into Ukraine…

En Venezuela, la cifra de fallecidos a causa del doblete sísmico del 24 de junio continúa aumentando y supera ya los 3.500. Los equipos de rescate siguen trabajando incansablemente para encontrar supervivientes, pero señalan que las posibilidades son cada vez más escasas. De forma paralela, lo...

La Comisión Presidencial para la Evaluación de Habitabilidad de Infraestructuras, en conjunto con el Colegio de Ingenieros de Venezuela (CIV) y gremios especialistas, informó que un total de 6.000 viviendas se inspeccionaron hasta la fecha para determinar su

El Sindicato Nacional de Trabajadores de la Prensa (SNTP) informó este lunes 6 de julio de la muerte de al menos nueve periodistas y trabajadores de la prensa a causa de los dos terremotos que sacudieron el país el pasado miércoles 24 de junio. Se trata de Adriany Matute, Emily Sara...

Despite a lull in peace talks progress between Iran and the United States, analysts have once again started to talk about oversupply as tankers leave the Persian Gulf in greater numbers than the past three months. Importing nations are even being warned of a “wave” of crude coming their way. Meanwhile, some are preparing for a future where Hormuz passage tolls are part of oil price formation. The latest to warn about a glut of crude oil was the Wall Street Journal, following reports from other major media outlets citing analysts as…

Despite lingering tension between the United States and Iran, Kazakhstan is planning to build a terminal at the Iranian port of Bandar Abbas to facilitate exports. In comments made before a joint session of the Kazakh parliament in late June, Deputy Prime Minister Serik Zhumangarin said no state funds would be used in developing the planned facility, which will occupy roughly 15 hectares at the Iranian port. “The project will be implemented at the expense of private investment. As far as I know, the agreement is already at the final…

Ukraine has landed one of its most consequential blows yet against Russia's energy sector, knocking out the country's largest oil refinery just as Moscow is scrambling to contain a widening fuel crisis. Industry sources told Reuters that Gazprom Neft's Omsk refinery halted operations after a Ukrainian drone strike damaged key processing units at the 440,000-barrel-per-day facility. The refinery is Russia's largest gasoline producer, making the timing particularly painful for the Kremlin. According to the sources, the attack set fire to the CDU-10…

Ukraine has landed one of its most consequential blows yet against Russia's energy sector, knocking out the country's largest oil refinery just as Moscow is scrambling to contain a widening fuel crisis. Industry sources told Reuters that Gazprom Neft's Omsk refinery halted operations after a Ukrainian drone strike damaged key processing units at the 440,000-barrel-per-day facility. The refinery is Russia's largest gasoline producer, making the timing particularly painful for the Kremlin. According to the sources, the attack set fire to the CDU-10…

7 de julio de 2026.- Iberia reanudará este jueves 9 de julio su operativa con Venezuela después de casi dos semanas de suspensión como consecuencia de los devastadores terremotos que afectaron al país a fines de junio. La aerolínea volará a Valencia en lugar de Caracas y reducirá sus frecuencias ...

7 de julio de 2026.- El presidente de Estados Unidos, Donald Trump, afirmó que en Venezuela no se realizarán elecciones en el corto plazo, y aseguró que la prioridad de su Gobierno es la reconstrucción del país, comenzando por la infraestructura petrolera. "Tenemos que reconstruir el país. No po...

Scientists predict 2026 will bring a devastating Super El Niño weather event, with rising temperatures and economically damaging droughts expected. There are fears the climate pattern will hit Colombia especially hard, triggering severe droughts that lower water levels and sharply reduce hydroelectric power generation. This will significantly pressure Colombia’s thermal power plants, already constrained by a natural gas shortage, while straining the electricity grid. As a result, costly natural gas imports will rise, adding pressure…

Saudi Arabia is looking beyond the Strait of Hormuz. The kingdom is considering expanding the capacity of its East-West crude pipeline by as much as 2 million barrels per day, according to Reuters. It’s a move that would allow more Saudi—and potentially neighboring Gulf—oil to reach global markets without passing through the world's most strategically vulnerable chokepoint. The discussions are still preliminary. After five months of war, tanker disruptions, and Iranian threats to commercial shipping, Gulf producers are treating…