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Nigeria’s Top Oil Regulator Leaves Amid $10B Investment Push
The abrupt resignation of Nigeria’s top petroleum regulator shortly after the launch of one of the country’s largest oil block auctions in years has sparked fresh concerns. Gbenga Komolage, head of the Nigerian Upstream Petroleum Regulatory Authority, and Farouk Ahmed, head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, have both resigned. Their exits came after Aliko Dangote, Africa’s richest man and the owner of the giant Dangote Refinery, criticized Ahmed for allowing cut-price fuel imports that threaten…
Categories: Oil news
Israel-Egypt Nat Gas Deal 'Purely Commercial,' Says Cairo
Israel's agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion through 2040 has been approved after pressure from Washington, with Egypt emphasizing the deal is "purely commercial," according to Egypt's State Information Service, adding that the deal was struck by private energy companies with zero government involvement. Under the agreement, Chevron Corp. (NYSE:CVX), NewMed Energy (OTCPK:DKDRF)(TASE: NWMD) and Ratio Petroleum Energy (TASE: RTPT) will supply Egypt with natural gas from Israel's Leviathan gas field,…
Categories: Oil news
Russia Falls Further Behind in the Space Race as Kazakhstan Turns to China
The bell may be tolling for a long-standing Russian-Kazakh space program following the launch of a “nanosatellite” jointly developed by Kazakhstan and China and launched into orbit by a Chinese rocket. The launch of the Dier-5 spacecraft on December 13 placed the satellite into an orbit roughly 330 miles above Earth, according to a Kazakh government statement. It took a team of specialists from Kazakhstan’s Al-Farabi University and Northeastern Polytechnical University in Xi’an, China, just a little over one year to develop…
Categories: Oil news
West Africa Oil Faces Crisis as Global Surplus Builds
Millions of barrels of Nigerian and Angolan crude remain unsold in the December and January loading programs, as they struggle to compete with ample supply and cheaper cargoes, traders and analysts have told Reuters. Nigeria alone had about 20 million unsold cargoes as of December 17, two traders told the publication. In addition, there are a lot of Angolan cargoes still waiting for buyers for the December and January loadings. As many as 26 cargoes remain unsold, signaling that there is a lot of supply from other producers and much…
Categories: Oil news
West Africa Oil Faces Crisis as Global Surplus Builds
Millions of barrels of Nigerian and Angolan crude remain unsold in the December and January loading programs, as they struggle to compete with ample supply and cheaper cargoes, traders and analysts have told Reuters. Nigeria alone had about 20 million unsold cargoes as of December 17, two traders told the publication. In addition, there are a lot of Angolan cargoes still waiting for buyers for the December and January loadings. As many as 26 cargoes remain unsold, signaling that there is a lot of supply from other producers and much…
Categories: Oil news
(VIDEO) Contundente respuesta de Mario Silva a anuncio de Donald Trump de bloqueo naval contra Venezuela
Jueves, 18 de diciembre de 2025.- Este martes 16 de diciembre de 2025, Mario Silva respondió contundentemente al mensaje emitido horas antes por Donald Trump, presidente de EEUU, luego de que este anunciara un bloqueo naval contra Venezuela y acusara al gobierno de Nicolás Maduro, sin pruebas y sin...
Categories: Venezuelan news
Falklands Oil Megaproject Breaks Free After 15 Years
After 15 years of delay, redesign, and skepticism, the Sea Lion oil project has finally crossed the line from ambition to execution. On December 10, partners Navitas Petroleum (Israel) and Rockhopper Exploration (UK) took a long-awaited final investment decision (FID) on what will become the largest deepwater oil development in the South Atlantic outside Brazil. Few projects of comparable scale have taken so long to move from discovery to sanction, and fewer still have done so under such persistent political, legal and financial headwinds. With…
Categories: Oil news
Russia's Oil Exports Face Delays as Tankers Take 70% Longer Route
Oil tankers carrying Russian oil appear to be avoiding the fastest Black Sea route to the Turkish straits and travel along the Georgian and Turkish coasts to avoid drone attacks from Ukraine, according to ship-tracking data compiled by Bloomberg. In recent weeks, several ships linked to Russia have been hit by Ukrainian drones in the Black Sea. All targeted vessels were empty at the time of the strikes. At least two tankers that have loaded oil from Novorossiysk, the Russian port on the Black Sea, have recently traveled along…
Categories: Oil news
Dos cadenas perpetuas para exsoldado y mercenario estadounidense por matar a una pareja para financiar sus planes para conspirar en Venezuela
El Departamento de Justicia de los Estados Unidos informó la condena definitiva contra Craig Austin Lang, de 35 años, un exsoldado del Ejército estadounidense cuya sed de conflicto lo llevó de los campos de batalla en Ucrania a cometer un doble asesinato en suelo norteamericano. Lang recibió d...
Categories: Venezuelan news
(VIDEO) Bernabé Gutiérrez rechaza declaraciones de Donald Trump y llama a la unidad nacional por Venezuela
Jueves, 18 de diciembre de 2025.- Bernabé Gutiérrez de Accion Democtatica, rechaza declaraciones de Donald Trump y llama a la unidad nacional por Venezuela
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Categories: Venezuelan news
The US and EU are Divided Over How to Deal With Belarus
Recent moves by Washington and Brussels show diplomatic tracks heading in opposite directions with regard to Belarus, highlighting a growing divide between the allies on how to deal with Europe's security. On one side of the Atlantic Ocean, the United States is engaging Minsk and its authoritarian ruler, Aleksandr Lukashenko, by easing sanctions in exchange for the release of political prisoners, including 123 last weekend. That contrasts starkly with what's happening in Brussels, where European Union officials are still adding to their restrictive…
Categories: Oil news
China and India Keep Global Coal Demand Rising
Bloomberg Opinion columnist and chief energy correspondent Javier Blas posted a chart on X from the International Energy Agency's new global coal report showing that coal demand jumped to an all-time high this year, despite years of efforts by the green-industrial complex to end its very existence. "Global coal demand rose to an all-time high in 2025, up 0.5% y-on-y to 8,845 million tons (also, @IEA revised up 2024)," Blas wrote on X, adding, "Now, IEA says 2025 will mark a peak, with consumption dropping over the next 5 years. Time…
Categories: Oil news
La soberanía de América Latina está en juego, dice académico chileno
18 de diciembre de 2025.- El doctor chileno en estudios Americanos Fernando Estenssoro advirtió que las agresiones de Estados Unidos contra Venezuela son por el petróleo y consideró que vienen años de enfrentamiento directo por esos recursos.
En entrevista concedida a Prensa Latina, Estenssoro se...
Categories: Venezuelan news
(VIDEO) Diosdado Cabello responde a amenazas de Trump
Jueves, 18 de diciembre de 2025.- Estamos ante la amenaza cierta de un imperialismo decadente, un imperialismo enfermo, señalo el ministro del Poder Popular para Relaciones Interiores, Justicia y Paz y primer vicepresidente del Partido Socialista Unido de Venezuela (PSUV), Diosdado Cabello, al...
Categories: Venezuelan news
Global Oil Demand Surges Driven by Indian Market Rebound
Global oil demand jumped in October from the previous month and from October last year amid a rebound in India’s product demand, the latest data by the Joint Organizations Data Initiative (JODI) showed on Thursday. Oil demand increased by 677,000 barrels per day (bpd) in October from September, according to the most recent data self-reported by 48 countries to JODI. Compared to last year, global oil demand rose by 2.4 million bpd in October, the data showed. China reported total product demand falling by 150,000 bpd and crude…
Categories: Oil news
Global Oil Demand Surges Driven by Indian Market Rebound
Global oil demand jumped in October from the previous month and from October last year amid a rebound in India’s product demand, the latest data by the Joint Organizations Data Initiative (JODI) showed on Thursday. Oil demand increased by 677,000 barrels per day (bpd) in October from September, according to the most recent data self-reported by 48 countries to JODI. Compared to last year, global oil demand rose by 2.4 million bpd in October, the data showed. China reported total product demand falling by 150,000 bpd and crude…
Categories: Oil news
Congreso Constituyente de la Clase Obrera consolida modelo económico socialista: Carlos López
18 de diciembre de 2025.- El Congreso Constituyente de la Clase Obrera, que se realizó el pasado 15 de diciembre en Caracas, reunió a 19 sectores y motores de la economía productiva, con el objetivo de fortalecer la participación de los trabajadores en la construcción del nuevo modelo económico soci...
Categories: Venezuelan news
2025 Marks a Turning Point for the World’s Power System
The global energy system is entering a pivotal new phase. Rystad Energy’s latest scenario analysis shows that all net growth in global electricity supply in 2025 – around 1,070 terawatt-hours – will come from low-carbon sources, including renewables and nuclear power. This marks a structural shift: renewables are no longer competing at the margins but are now driving all incremental power generation. For investors, this signals that clean-power growth is moving from policy-driven to market-driven, reshaping long-term return potential…
Categories: Oil news
Ministro Cabello reveló los nuevos planes de María Corina Machado
18 de diciembre de 2025.- El vicepresidente Sectorial de Política, Seguridad Ciudadana y Paz, Capitán Diosdado Cabello, reveló en su programa Con el Mazo Dando que la ultradecrechista venezolana María Corina Machado planea varios escenarios para el país, entre ellos, juramentar a Edmundo González en...
Categories: Venezuelan news
Bolivia: gobierno retirará subsidios a la gasolina y diesel
18 de diciembre de 2025.- El gobierno de Bolivia anunció que pondrá fin a los subsidios a los combustibles, cuyos precios se mantuvieron congelados durante los 20 años de administraciones anteriores que lo precedieron.
"Con la publicación de este decreto, se anunciarán los nuevos precios de los h...
Categories: Venezuelan news

