The power outages in Venezuela, addressed by working groups of the government and relevant entities, directly affect productivity, commercial and labor activity, and also jeopardize the food supply by breaking the cold chain, causing the loss of supplies.
Citizens face daily power outages both at…
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energy crisis
Japan to seek other crude oil suppliers
Japan announced on Wednesday, August 26, a plan to diversify its crude oil sources in order to reduce its dependence on the Strait of Hormuz. The plan includes working with Middle Eastern countries to build pipelines.
According to the…
OPEC+ to increase oil supply by 188,000 barrels per day
OPEC+ announced an increase in its crude oil supply of 188,000 barrels per day starting in September, following an agreement reached at the organization's fourth meeting on Sunday, August 2.
In this regard, the seven member countries –…
Power cuts in Ecuador could return in April
The energy crisis in Ecuador has not yet been resolved. Although the conditions of the Mazar reservoir are good, according to the president of the College of Electrical and Electronic Engineers of Pichincha, Marco Acuña, the blackouts could…
Ecuadorian government says power cuts will be suspended starting December 20
Starting December 20, Ecuador will suspend electric cuts of about 14 hours a day in the country.
The measure was taken after three months of power cuts that affect the country's economy, as well as the normal development of Ecuadorians.…
The European Commission asked to extend the reduction of gas consumption
The European Commission has asked European Union (EU) countries to extend for a further year the voluntary 15 % reduction in gas consumption agreed two years ago at the onset of the energy crisis. According to the institution in a…
Germany could enter a technical recession
Inflation and the energy crisis slowed down the German economy in the fourth quarter of 2022, which could lead to a recession in the first months of the new year, according to data from the Federal Statistical Office released on Monday.…
Italian Eni stops receiving gas from Russia’s Gazprom
The supply of gas to the Italian Eni from Russia was suspended by the government of Vladimir Putin. In this way, Gazprom has cut the supply arguing that it is a consequence of the recent change in regulations in Austria, the country through…
France asks for the return of Venezuela to the oil market
A close official of the French presidency assured that they requested the reincorporation of Venezuela and Iran into the oil market.
"France considers it essential that the entire international community, buyers and producers, mobilize to…