The OPEC+ decision to increase its crude oil supply again on May 1 will likely be largely symbolic, according to analysts, due to the difficulty of implementing it because of the Iran conflict.
In fact, the organization has been unable to implement the April 1 increase due to the conflict in the…
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Global energy market
Venezuela announces partial reform of the organic hydrocarbons law
Last Thursday, January 22, the Venezuelan Parliament approved in its first reading the Draft Partial Reform of the Organic Hydrocarbons Law.
According to the country's National Assembly, "the draft maintains the status of an organic law,…
Venezuelan government reaffirms its commitment to global energy stability
During the 62nd Meeting of the Joint Ministerial Monitoring Committee of OPEC and OPEC+, the Venezuelan government, through Executive Vice President and Minister of Hydrocarbons Delcy Rodríguez, reaffirmed its commitment to global market…