The Italian oil company Eni presented a report last week reflecting a debt of $3.3 billion owed by Venezuela's state-owned PDVSA to the firm. This comes amidst negotiations between Venezuela and the United States regarding oil and the easing of sanctions in this sector.
Eni's annual report, which…
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Central Bank of Peru projects 2.4 % inflation in 2026
The projections of the Central Reserve Bank of Peru regarding the country's annual inflation rate place the figure at 2.4 %. This was indicated last week by the president of the regulatory body, Julio Velarde, adding that the gross domestic…
Middle East conflict accelerates relief measures in the energy sector
The Middle East conflict has repercussions at both the regional and global levels. The increase in oil prices has spread to the gas and fuel sectors, prompting the European Union to prepare contingency measures to minimize the effects on…
ExxonMobil considers return to Venezuela
The Senior Vice President of the US oil company ExxonMobil, Jack Williams, indicated last week that the company is considering sending a technical team to Venezuela to study the conditions for a possible return to the country.
The…
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…
OFAC authorizes sale of US diluents to Venezuela
The Office of Foreign Assets Control (OFAC) issued a new license last week for the sale of US diluents to Venezuela, as part of the opening of crude oil exports from the South American country.
According to this license, the export and…
The United States extends Citgo auction until March
A new license issued by the US Treasury Department's Office of Foreign Assets Control (OFAC) has extended the auction of the Citgo refinery until March.
The document states that it "temporarily prevents creditors from invoking US courts to…
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,…
China announces discovery of seventh oil field in the Bohai Sea
The discovery of a new oil field in the Bohai Sea, China, by the end of 2025, is the seventh since 2019 and further strengthens the country's oil wealth, according to the China National Offshore Oil Corporation (CNOOC).
The new Qinhuangdao…
International oil companies set demands to return to Venezuela
Donald Trump, President of the United States, is advancing his plans to maximize commercial profits from Venezuelan oil, calling on international oil companies to return to the South American nation.
These companies, however, have…
Emerging markets projections for 2026
With just a few days left in 2025, emerging markets remain the focus of investors' attention, who see significant economic potential in these subregions.
Focus Economics analysts have studied the situation in each group of countries,…
OPEC+ maintains oil supply levels
OPEC+ announced that it will maintain its current global oil supply levels until April 1, 2026. The production cuts established in 2022 will also remain in effect, but only until December 31 of the same year.
The alliance, led by Saudi…