The OPEC price war has made landfall in the US. Following our report earlier that Saudi Arabia has declared a new price war on OPEC+ quota-busters such as Kazakhstan, and non OPEC+ members such as US shale producers, today after the close Diamondback Energy, the largest independent oil producer in the Permian Basin, made a historic pronouncement today when it said that production has likely peaked in America’s prolific shale fields (something we also mentioned earlier in the day) and will decline in the…

6 de Mayo de 2025.- La Cruz de Mayo es una tradición profundamente arraigada en Venezuela, con más de 150 años de celebración en diversas regiones del país. Su origen combina elementos de la fe católica española, vinculada al hallazgo de la cruz donde murió Je...

Lunes, 06 de mayo de 2025.- ¿Son sostenibles los aranceles y los contraataques? ¿Quién va a ganar la guerra comercial? El consumidor al final podría dejar de comprar productos porque se harte de que le suban los precios. Por ende, podría caer la producción, la industria y, por ende, el crecimiento ...

6 de mayo de 2025.- La Unión de Transviarios Argentinos (UTA) inició hoy un paro de 24 horas a escala nacional luego de fracasar el lunes las negociaciones por lograr un mayor salario. El sindicato buscaba un piso salarial de un millón 700 mil pesos (mil 478 dólares) «para no caer más en la pobre...

Ford Motor's first-quarter net income plunged to $471 million from $1.3 billion a year earlier, as EV losses and production halts took a toll, the company said Monday. Revenue dropped to $40.7 billion from $42.8 billion, and wholesale deliveries fell 7% to 971,000 due to slower output of some models, according to the Wall Street Journal. The electric-vehicle division lost $800 million, down from $1.3 billion, helped by lower material costs and stronger pricing. Adjusted pretax income fell to $1 billion from $2.8 billion, still beating Ford’s…

1m ago 12:19pm CST China Halted All U.S. Crude Oil Imports China halted all US crude oil purchases in March as trade tensions with Washington escalated, raising concerns over demand for American shale. This marked the first month without Chinese imports since August 2023 and only the second time since March 2020. In February, China had bought 149,000 barrels per day, according to US Census data. 1m ago - 12:19pm CST 8m ago 12:10pm CST Why Oil Prices May Be Near a Bottom In a comment to Gulf Intelligence, Ilia Bouchouev, Managing Partner at Penthathlon…

Así mismo sin cortapisas‚ el ministro de Finanzas de Israel, Bezalel Smotrich, afirmó este martes que una "victoria" de Israel sobre Gaza implicaría la destrucción total de este territorio palestino y el desplazamiento de sus habitantes a otras tierras‚ no descritas. ...

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround activity limited the upside from margins and sales revenues. Marathon Petroleum booked a net loss of $74 million, or $0.24 per diluted share, for the first quarter of 2025, compared with net income of $937 million, or $2.58 per diluted share, for the first quarter of 2024. Marathon Petroleum attributed the loss “mainly due to the execution of the second…

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround activity limited the upside from margins and sales revenues. Marathon Petroleum booked a net loss of $74 million, or $0.24 per diluted share, for the first quarter of 2025, compared with net income of $937 million, or $2.58 per diluted share, for the first quarter of 2024. Marathon Petroleum attributed the loss “mainly due to the execution of the second…

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround activity limited the upside from margins and sales revenues. Marathon Petroleum booked a net loss of $74 million, or $0.24 per diluted share, for the first quarter of 2025, compared with net income of $937 million, or $2.58 per diluted share, for the first quarter of 2024. Marathon Petroleum attributed the loss “mainly due to the execution of the second…

6 de mayo de 2025.- Una cápsula espacial olvidada, lanzada en los albores de la Guerra Fría, está a punto de cerrar un capítulo de 53 años en el cosmos. La sonda soviética Kosmos 482, diseñada para conquistar Venus pero atrapada en órbita terrestre desde 1972, caerá a nuestro planeta entre el 7 y el...

La toma se produjo en el Edificio de Ingeniería Interdisciplinaria poco antes del cierre del recinto, según un comunicado de la universidad. El grupo «Estudiantes Unidos por la Igualdad y el Retorno de Palestinos» se atribuyó la acción, exigiendo que la UW cese sus vínculos con la ...

Iran’s continued struggle with electricity shortages has led to the implementation of rolling blackouts in the capital, Tehran. Power cuts have become a fixture of both summer and winter months, but rolling blackouts this year have started earlier than usual despite the temperatures being relatively low. Government spokeswoman Fatemeh Mohajerani said during her weekly press conference on May 6 that the country was facing “multiple imbalances,” referring to rising demand for electricity, water, and gas. She said the government…

Lunes, 06 de mayo de 2025.- La administración de Donald Trump ha propuesto suspender las contribuciones de Estados Unidos a la ONU, la UNESCO y la OMS, según el proyecto de presupuesto federal para el año fiscal 2026, publicado este viernes por la Casa Blanca. Esta medida implicaría un recorte ...

Fuentes no oficiales informaron que el sábado en horas de la noche, fueron liberados 10 jóvenes que permanecían privados de libertad en el Centro Penitenciario de Aragua, mejor conocido como la cárcel de Tocorón, encarcelados tras las protestas y el descontento poselectoral de los comicios de ...

Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel's decision to unwind production cuts at a faster rate than previously planned. Despite the recovery, uncertainty remains in markets and more volatility is likely.- Oil majors have been surprisingly inert in reacting to oil prices declining by more than $10 per barrel since early April, preferring to wait out the resolution of the U.S.-China trade war before cutting expenditures.- Posting a net profit of $7.7 billion, down 7%…

Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production quotas by more than expected. WTI surged more than 4% on the day, trading above $59, while Brent gained 3.7%, reaching well above $62. The bounce comes after a bruising April that saw prices crater under the weight of U.S. tariffs and OPEC+ confusion. OPEC’s weekend move to raise quotas—reportedly by triple what most expected—initially sent prices tumbling. But the fine print matters. Chronic…

Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production quotas by more than expected. WTI surged more than 4% on the day, trading above $59, while Brent gained 3.7%, reaching well above $62. The bounce comes after a bruising April that saw prices crater under the weight of U.S. tariffs and OPEC+ confusion. OPEC’s weekend move to raise quotas—reportedly by triple what most expected—initially sent prices tumbling. But the fine print matters. Chronic…

U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder winter boosted sales and demand for electricity and gas. North Carolina-based Duke Energy – which serves 8.2 million electric utility customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky – booked adjusted earnings per share (EPS) of $1.76 for the first quarter of the year. This is higher compared to the adjusted EPS of $1.44 for the first quarter of 2024 and above the…

U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder winter boosted sales and demand for electricity and gas. North Carolina-based Duke Energy – which serves 8.2 million electric utility customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky – booked adjusted earnings per share (EPS) of $1.76 for the first quarter of the year. This is higher compared to the adjusted EPS of $1.44 for the first quarter of 2024 and above the…