Oil, gas, and gold prices showed a marked increase on Monday due to the impact of the Middle East conflict on the energy sector.
Regarding oil, on Monday, March 2, the price exceeded $80 per barrel. Disruptions to crude oil supply drove the price of Brent Crude from the North Sea to $80.14 per…
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energy sector
Venezuela and the United States strengthen a long-term productive partnership
Last week, key meetings took place between U.S. Energy Secretary Chris Wright and Venezuelan Interim President Delcy Rodríguez, as well as PDVSA President Héctor Obregón Pérez and Venezuela's diplomatic representative to the U.S. Félix…
Alaskan oil production to increase 13 % in 2026
Recent data from the U.S. Energy Information Administration (EIA) indicates that Alaskan crude oil production will increase by approximately 13% in 2026, reaching 477,000 barrels per day, the highest figure since 1980.
Alaska, a producing…
Fedecámaras to present its National Investment and Employment Plan in December
The president of Fedecámaras, Felipe Capozzolo, announced last week that they will present their “Plan to Boost Investment and Productive Employment in Venezuela” during the upcoming National Council meeting, to be held during the first…
Gas crisis is expected to worsen in Colombia in 2026
Colombia has been experiencing significant difficulties in meeting gas demand since the end of 2024. This situation is expected to worsen in 2026, according to data from an Andi survey, which reveals that only 51.9 % of companies have…
Study reveals Brazil’s potential to double biofuel production by 2050 without deforestation
According to a study released this Thursday by the Brazilian entities Institute of Energy and Environment (Iema) and the Climate Observatory (OC), Brazil has the capacity to double biofuel production and consumption by 2050 by using…
First edition of the Business Forum between Russia and Venezuela to be held in Caracas
On October 28 and 29, the first business forum called "Venezuela and Russia - Strategic Partners" will be held in Caracas. It is the first meeting between business leaders and government officials from both nations.
This first edition of…
Russia made first naphtha shipment to Vietnam
Russia began shipping naphtha to the Asian continent with the Malta-flagged tanker Northernlight, carrying a cargo of 60,000 metric tons of the product. It departed from the Russian port of Vysotsk on June 23 and unloaded 27,000 tons at the…
Norway considers suspending crypto mining due to high power consumption
The high power consumption of cryptocurrency mining in Norway has led the government to consider a temporary ban on the activity.
Due to the impact of crypto mining on the energy sector, the government will start an extensive investigation…
IMF expresses concern over Pakistan’s Bitcoin reserve
Pakistan recently allocated 2,000 megawatts to bitcoin mining and AI centers. The move, which was not discussed with the International Monetary Fund, has raised concerns.
The country announced plans to create its first government reserve…
Agreement with China will allow the installation of 94 thousand solar panels in Mérida
Thanks to an agreement between Venezuela and China, the Caribbean country hopes to install 94 thousand solar panels in Mérida, in the Andean region, which will be interconnected with the National Electric System.
According to statements by…