Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment.  Friday, May 02, 2025 China, preparing for a week-long lull in trading activity, has nevertheless given the oil markets a much-needed carrot after a month-long stick treatment, saying that Beijing is evaluating a Trump administration proposal to hold negotiations over tariffs. As US-Iran nuclear talks have seemingly hit a temporary impasse, ICE Brent is set to start May trading with…

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May 5, according to Kpler’s Amena Bakr on X. The call is set for noon Vienna time, with the agenda focused on “consensus building around maintaining the sped-up increment of 411K for June.” Brent crude had slipped nearly 1% by late Friday morning, trading at $61.56. It’s a price level not seen since early 2021—and one that puts most OPEC+ budgets underwater. For producers already grappling with…

2 de mayo de 2025.- El vicepresidente Sectorial de Política, Seguridad Ciudadana y Paz, Cap. Diosdado Cabello Rondón, informó que un total de 174 venezolanos provenientes de los Estados Unidos ingresaron esta mañana al Aeropuerto Internacional "Simón Bolívar" en Maiquetía, como parte...

Canadian producer Imperial Oil booked a higher net income for the first quarter than a year earlier as industry refining margins improved. Imperial Oil, majority owned by U.S. supermajor ExxonMobil, reported on Friday a net income in the first quarter of US$933 million (C$1.29 billion), up from US$860 million (C$1.19 billion) for the same period of 2024. Net income rose compared to the fourth quarter, too, thanks to improved refining margins, which allowed Imperial Oil to book higher downstream margin capture. Refining margins in North America…

European benchmark natural gas prices rose on Friday amid signals from China that it considers engaging in trade talks with the United States.  A de-escalation of the tensions drove markets higher at the end of the week as traders and analysts weigh the possibility of less disruptive trade and lower impact on the economy. Over the past month, European gas prices have slumped by 20% on warmer spring weather and higher wind and solar output, but also due to concerns that an escalating U.S.-China trade war would hit global demand for commodities,…

China ha tomado nota de las reiteradas declaraciones hechas por EE.UU. a alto nivel, en las que manifiesta su disposición a negociar con el gigante asiático sobre los aranceles, y Pekín está haciendo su evaluación, afirmaron este viernes desde el Ministerio del Comercio chino, según recoge Glo...

Los familiares de los venezolanos secuestrados en El Salvador por el gobierno de Nayib Bukele, enviaron una comunicación a este mandatario donde expresaron su rechazo a la propuesta ilegal de "canje" realizada por él y, a la vez, exigieron "su inmediata liberación y repatriación...

Numbers Report – May 02, 2025 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. Asia’s Manufacturing Plunges on Trump Tariffs - In the first month of Donald Trump’s import tariffs, even if temporarily capped at 10% for most, Asian countries have seen an across-the-board contraction in manufacturing…

Politics, Geopolitics & Conflict - The fourth round of indirect nuclear negotiations between the U.S. and Iran, initially scheduled for May 3 in Rome, has been postponed. While Omani officials cited logistical reasons, Iranian authorities say the delay is due to Washington’s imposition of new sanctions targeting oil and petrochemicals during the negotiations, which Tehran has criticized as unconstructive. Things are about to get choppier with respect to these talks, as well, with Trump this week dismissing National Security Adviser Mike…

We’re seeing a fast-moving deterioration in India-Pakistan relations triggered by a high-casualty militant attack in Indian-administered Kashmir on April 22. Indian intelligence is attributing the incident to Pakistan-based elements, citing cross-border movement and recovered ID documents. Pakistan has denied any role and is calling for third-party verification.  On Tuesday, Pakistan said it had credible intel that India was planning a military strike within the next 24-36 hours (a timeframe that did not materialize by the time of writing…

Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment. West Texas Intermediate (WTI) briefly hit a low of $56.39 before recovering to $59.24 by Thursday’s close. While dip-buying provided short-term support, the underlying market tone remains distinctly bearish as fundamental pressures intensify. China Demand Slowdown Fuels Bearish Sentiment Fresh economic data from China delivered a major blow to oil bulls. The country's official manufacturing…

There have been reports this week that the Tesla (TSLA) board have initiated a search for a new CEO to replace Elon Musk. The company has denied them, of course, but the chaos around Tesla’s leadership is adding another element of uncertainty to an industry that is already under pressure from tariffs and the threat of a US, or maybe even a global recession. Despite the obvious and oft quoted potential of the market, therefore, investing in American EV specialist stocks right now is a risky thing to do, but Tesla’s problems may create…

Researchers around the world are competing to design and scale next generation solar panels. While current photovoltaic solar panels are generally cost-effective and efficient, the sector is always looking to advance, and find even better ways of converting sunlight into clean energy.  Solar photovoltaics are on track to be the world’s biggest source of renewable energy by 2029, overtaking hydropower. While solar deployment has risen sharply in recent years, buoyed by supportive policy measures and falling costs, solar technology will…

La historia de Argenis Barrios, quien regresó a su país natal, Venezuela, podría servir a otros migrantes para que conozcan la vida de violencia y xenofobia que viven muchos migrantes en Estados Unidos (EEUU). Barrios es un joven anzoatiguense de 30 años que reconoció para sí mismo,...

El Servicio Nacional Integrado de Administración Aduanera y Tributaria (Seniat) recaudó 61.136.816.694 bolívares en abril de 2025, según informó el Superintendente Nacional Aduanero y Tributario, José David Cabello Rondón. A través de una publicación en la cuenta oficial de Instagram del Seniat, ...

El juez federal Fernando Rodríguez Jr. bloqueó de forma permanente que la administración Trump utilice la Ley de Extranjeros Enemigos para deportar a venezolanos. En una decisi...

First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices.  Despite the lower earnings compared to a year ago, Exxon expressed confidence that the structural and cost-saving measures of the past few years have prepared it to weather the uncertain market environment.  Exxon reported on Friday first-quarter earnings of $7.7 billion, down from $8.2 billion in the first quarter of 2024. Earnings per share…

Chevron (NYSE: CVX) reported on Friday adjusted earnings for the first quarter in line with analyst estimates as the U.S. supermajor’s downstream business recovered from a loss for the prior quarter. Chevron booked adjusted earnings of $3.8 billion, or $2.18 per share, for the first quarter 2025, down from adjusted earnings of $5.4 billion, or $2.93 per share, for the same period of 2024. Despite the year-over-year slump in profits, the first-quarter EPS was slightly above the $2.16 earnings per share expected by the analyst consensus in…

Este viernes 2 de may...

El presidente de la República Bolivariana de Venezuela, Nicolás Maduro, durante la Gran Marcha por el Día Internacional de los Trabajadores, exigió al gobierno de Estados Unidos, la liberación de la niña Maikelys Espinoza y de los 252 connacionales secuestrados en cárcel de El Salvador.