Venezuela and South Korea are exploring ways to strengthen their trade ties in key sectors, such as energy and agribusiness, in addition to facilitating the entry of South Korean capital and industries into the Venezuelan market.
In this regard, the Director General for Latin American and Caribbean…
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energy sector
Global refining capacity to grow by 4.2 Mb/d between 2026 and 2030
The growth in oil refining capacity for the period 2026-2030 is estimated at 4.2 million barrels per day, with 95 % concentrated in Africa and Asia-Pacific.
This trend would be supported by increased demand for refined products, although…
International Oil and Gas Summit of Venezuela in Caracas from September 28 to 30
The city of Caracas will host the Venezuela International Oil and Gas Summit (VIOGS) from September 28-30, with the participation of government entities, national and international oil companies, investors, LNG companies, service providers,…
ECB to implement measures if inflation continues to rise in the region
The current scenario in the energy sector, with high prices and shortages, has led the European Central Bank to take a more serious stance regarding possible measures if inflation in the region continues to rise.
Currently, there is…
Repsol to increase gas production in Venezuela by 10 %
In a statement released on Thursday, May 14, Repsol CEO Josu Jon Imaz announced that the Spanish company will increase gas production in Venezuela by 10 %, specifically in the coastal Cardón IV block.
According to Imaz, this increase will…
Oil, gas, and gold prices rise
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…
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…