Crude oil inventories in the United rose by 499,000 barrels for the week ending November 29, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.30 million barrels.   For the week prior, the API reported a 1.232-million barrel build in crude inventories.   So far this year, crude oil inventories have fallen by roughly 3.4 million barrels since the beginning of the year, according to API data.     On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic…

Crude oil inventories in the United rose by 499,000 barrels for the week ending November 29, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.30 million barrels.   For the week prior, the API reported a 1.232-million barrel build in crude inventories.   So far this year, crude oil inventories have fallen by roughly 3.4 million barrels since the beginning of the year, according to API data.     On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic…

Iran spent decades building the so-called axis of resistance, its network of regional armed proxies, Tehran-backed militant groups, and allied state actors. The network was the lynchpin of Tehran's efforts to deter Israel and the United States and exert its influence across the Middle East. But the fall of the government of Syrian President Bashar al-Assad, an ally of Tehran, has done irreparable damage to the network, analysts say.For Iran, Syria provided a crucial land corridor to the Levant that was considered the logistical backbone of the…

ExxonMobil is shifting into high gear with its P’nyang gas field in Papua New Guinea (PNG), fast-tracking the project by “years sooner than previously envisaged”. This acceleration comes as the supermajor doubles down on its ambitious plans to expand its LNG portfolio to 40 million tons annually by 2030. The P’nyang field, holding a staggering 4.4 trillion cubic feet of gas, is key to keeping PNG’s LNG industry humming. With groundwork starting as early as April-June 2025, Exxon is advancing its concept select phase…

10 de diciembre de 2024.- La Organización Mundial de la Salud (OMS) anunció que la nueva variante clado Ib de la viruela símica (mpox) presenta alto riesgo general para la salud pública. Asimismo, presenta un importante riesgo internacional de difusión. Así está estipulado en el informe número 43 so...

CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January. This move comes in response to soaring demand from retail investors, spurred by gold's record-breaking rally this year from $2,000 to $2,630—a respectable 32% gain. Smaller-sized gold products have grown increasingly popular among retail investors seeking exposure to precious metals and greater diversification in their portfolios. Jin Hennig, CME's Global Head of Metals, described…

10 de diciembre de 2024.- Organizaciones sociales y comunidades salvadoreñas se movilizan frente al Congreso y la Casa Presidencial para exigir la continuidad de la prohibición de la minería metálica, vigente desde 2017. San Salvador amaneció este martes con manifestaciones frente a la Asamblea L...

Es 10 de diciembre, mes 12 del 2024. Es el día úmero 345 del año (bisiesto) y faltan 21 días para su terminación, pues tiene 366 días. Hoy es martes. Los años bisiestos se presentan cada cuatro años en los que se añade un día más a febrero (29 F) y el año es de 366 días. ...

Via Metal Miner ThyssenKrupp Steel (TKS) recently announced plans to cut up to 11,000 positions. In a blow to the struggling EU steel market, the German steelmaker stated it would also reduce rolled production by an average 23%. “This is the company’s response to the further consolidation of fundamental and structural changes in the European steel market and in key customer and target markets,” the steelmaker said in a November 25 announcement. “Increasingly, overcapacity and the resulting rise in cheap imports, particularly…

If you think LNG is America’s energy darling, think again. Two major Gulf Coast projects—Venture Global's CP2 and Commonwealth LNG—are stuck in limbo as the U.S. Department of Energy (DOE) says its hands are tied until the Federal Energy Regulatory Commission (FERC) finishes environmental reviews. This isn’t just bureaucratic red tape; it’s a tug-of-war between energy expansion and environmental scrutiny. FERC recently yanked Venture Global’s construction go-ahead for CP2, demanding another environmental review.…

If you think LNG is America’s energy darling, think again. Two major Gulf Coast projects—Venture Global's CP2 and Commonwealth LNG—are stuck in limbo as the U.S. Department of Energy (DOE) says its hands are tied until the Federal Energy Regulatory Commission (FERC) finishes environmental reviews. This isn’t just bureaucratic red tape; it’s a tug-of-war between energy expansion and environmental scrutiny. FERC recently yanked Venture Global’s construction go-ahead for CP2, demanding another environmental review.…

10 de diciembre de 2024.- En la avenida Libertador de Caracas se movilizó una marcha en memoria de los 165 años de la batalla de Santa Inés del año 1859, en la cual las comunas y el Poder Popular de la capital venezolana se movilizaron para alzar su voz en tributo a la lucha liberadora. En dicha bat...

President-elect Donald Trump said Russia and Iran are in a "weakened state" and called on Kremlin leader Vladimir Putin to end the nearly three-year war in Ukraine. Trump made the comments in a post on Truth Social on December 8 as Syrian rebels captured Damascus, ending the half-century rule of the Russia- and Iran-backed Assad family. The incoming U.S. president said Russia and Iran couldn't come to the support of Syrian dictator Assad because they were in a "weakened state right now, one because of Ukraine and a bad economy, the other because…

The price of battery packs for electric vehicles has dropped this year by the most since 2017 as oversupply from China and cheaper lithium prices have driven the decline, the annual battery price survey by BNEF showed on Tuesday. The average price of a lithium-ion EV battery pack has declined by 20% annually to $115 per kilowatt-hour (kWh) this year, BNEF’s survey found. A price of $100 per kWh is generally considered by industry observers as the inflection point at which electric vehicles (EVs) would reach price parity with conventional…

The price of battery packs for electric vehicles has dropped this year by the most since 2017 as oversupply from China and cheaper lithium prices have driven the decline, the annual battery price survey by BNEF showed on Tuesday. The average price of a lithium-ion EV battery pack has declined by 20% annually to $115 per kilowatt-hour (kWh) this year, BNEF’s survey found. A price of $100 per kWh is generally considered by industry observers as the inflection point at which electric vehicles (EVs) would reach price parity with conventional…

10/12/24.- Este martes 10 de diciembre, Día Internacional de los Derechos Humanos, nuevamente se esperan diferentes manifestaciones ante las delegaciones diplomáticas del Ecuador en todo el mundo para exigir la libertad inmediata de Jorge Glas y se le conceda el salvoconducto para viajar a México en...

In is exceptionally difficult to imagine Saudi Arabia’s Crown Prince Mohammed bin Salman and his United Arab Emirates (UAE) counterpart Sheikh Mohammed bin Zayed al Nahyan disdaining to take an urgent telephone call from President Donald Trump, as they did from President Joe Biden at the height on the energy crisis just after Russia had invaded Ukraine in 2022. However, at its 5 December meeting, selected members of the OPEC+ oil cartel decided to delay the rollback of 2.2 million barrels per day (bpd) of oil production cuts (supposedly being…

10 de diciembre de 2024.- Los frentes Brasil Popular y Pueblo Sin Miedo convocaron a protestas para hoy en 18 estados y el Distrito Federal bajo el lema Sin amnistía para golpistas, a propósito del Día Internacional de los Derechos Humanos. Los movimientos piden además el arresto del exmandatario...

Just five states produced more than 70% of the record U.S. natural gas marketed output last year, with Texas accounting for over one-fourth, the Energy Information Administration (EIA) said on Tuesday. The U.S. produced a record-breaking 113.1 billion cubic feet per day (Bcf/d) natural gas volumes in 2023. Texas accounted for 28% of all gas production last year, followed by Pennsylvania, Louisiana, West Virginia, and New Mexico, according to the EIA’s Natural Gas Monthly publications. Pennsylvania’s share of U.S. natural gas production…

Just five states produced more than 70% of the record U.S. natural gas marketed output last year, with Texas accounting for over one-fourth, the Energy Information Administration (EIA) said on Tuesday. The U.S. produced a record-breaking 113.1 billion cubic feet per day (Bcf/d) natural gas volumes in 2023. Texas accounted for 28% of all gas production last year, followed by Pennsylvania, Louisiana, West Virginia, and New Mexico, according to the EIA’s Natural Gas Monthly publications. Pennsylvania’s share of U.S. natural gas production…