Venezuela and China are moving forward with strategic projects in the state of Falcón, in western Venezuela, with an investment of $10 billion in sectors such as tourism and oil.
According to the vice president of Venezuela, the objective of this investment is to create an industrial park in…
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oil
Oil supply to be assured this year
According to the International Energy Agency (IEA) oil supply forecasts for 2025, the figures will be favorable.
Despite the impact on the sector of low demand from China, the agency “increased its forecast for growth in global oil demand…
OPEC+ postpones deadline to increase crude oil supply until April 2025
OPEC+, the alliance led by Russia and Saudi Arabia, announced last week the decision to postpone the deadline to increase its crude oil supply until April 1, 2025.
As will be recalled, in 2023, the eight countries that make up OPEC+ agreed…
Bank of America predicts oil price drop to $65 per barrel in 2025
Bank of America estimates point to a drop in the price of a barrel of oil in 2025 to $65 per barrel due to an excess of supply and a decrease in demand, marked by the advance of clean energy.
According to Francisco Blanch, head of global…
Traditional and digital assets among the 10 most valuable investments in the world
The top 10 investments worldwide include traditional assets, such as oil, gold and silver, along with digital or technological assets, such as AI and cryptocurrencies.
Technology companies, such as Microsoft, Google or Meta are in the…
OFAC extends oil service companies’ licenses to operate in Venezuela for six months
The Office of Foreign Assets Control of the United States Department of the Treasury (OFAC) announced on Thursday, November 7, the extension for six months, until May 9, 2025, of the licenses to operate in Venezuela for the oil service…
Mexico will invest more than $20 billion in strategic areas
In Mexico, there is an air of confidence for investments. In this sense, President Claudia Sheinbaum has met with different sectors of the economy to propose an investment of more than $20 billion in strategic areas.
In these meetings, the…
Guyana is the Latin American country that will have the greatest economic growth in 2025
In Latin America, the country that will have the greatest economic growth in 2025 is Guyana, according to the predictions of analysts and organizations such as the World Bank, which projects an expansion of 12.3 %.
On a par with world…
Latin America: cocoa, coffee and hydrocarbons boosted the market in the first half
The increase in the prices of items such as cocoa and coffee, together with the hydrocarbon sector, has maintained a good rhythm of the markets in Latin America, despite declines in the value of wheat and corn.
According to the Bloomberg…
The United States approved Repsol’s license to continue operating in Venezuela and studies…
The United States granted a license to the Spanish company Repsol to continue operating in Venezuela after May 31. Meanwhile, the Treasury is studying applications from between 20 and 50 companies that wish to do business with the South…
Venezuelan state oil company PDVSA will renew agreements with 17 mixed companies
The Venezuelan state oil company, PDVSA, will renew contracts with 17 joint companies. This was reported by the deputy and president of the Permanent Commission on Energy and Petroleum of the National Assembly (AN), Ángel Rodríguez.
The…
Curaçao refinery reopens after five years of inactivity
This weekend, the Korsou Refinery (RdK), in Curaçao, announced the restart of operations, with the bet of receiving oil from Venezuela.
The facility was operated by the Venezuelan PDVSA between 1985 and 2019, the year in which the…