Venezuelan President Nicolás Maduro reiterated his desire that Venezuela be able to export oil and gas to the markets of Europe and the United States in order to contribute to global energy and economic stability.
"We have said it, we have ratified it to all diplomats: Venezuela is ready and…
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Venezuela willing to export gas and oil to the EU
Venezuela would be able to export gas and oil to countries that require it, mainly to Europe, to face the arrival of winter and the crisis generated by the suspension of supplies of these items from Russia.
As will be recalled, the EU…
Russia threatens to cut oil supply
The Russian government has threatened to cut off oil supplies to those countries that decide to put a cap on the price of Russian crude, an idea that the United States plans to bring to the G7 this Friday.
"If they impose restrictions on…
Oil price goes back above 100 dollars
The price of a barrel of Brent crude, a benchmark for Europe, again exceeded the threshold of 100 dollars on Wednesday, after Saudi Arabia speculated on the possibility of an adjustment in the production of the Organization of Petroleum…
Citgo posted record profits in the second quarter of the year
This Thursday, Citgo announced that it obtained record net profits during the second quarter of the year thanks to an increase in crude processing volumes as well as stronger margins.
According to the refiner's report, the results show an…
Non-associated gas is the future of Venezuela
The oil specialist José Toro Hardy pointed out, in a radio program, that the future of Venezuela lies in gas, particularly non-associated gas. The Caribbean country has large reservoirs throughout the territory that have not yet been…
Caribbean leaders agree to resume the PetroCaribe program
The Prime Minister of Saint Vincent and the Grenadines, Ralph Gonsalves, reported that different Caribbean leaders agreed to restore the PetroCaribe program, with the purpose of importing crude oil from Venezuela.
This new plan for…
France asks for the return of Venezuela to the oil market
A close official of the French presidency assured that they requested the reincorporation of Venezuela and Iran into the oil market.
"France considers it essential that the entire international community, buyers and producers, mobilize to…
Biden considers temporarily freezing gasoline taxes
Joe Biden, president of the United States, is evaluating the possibility of temporarily freezing the federal tax on gasoline, a measure that could place the price of a gallon at 18.4 cents for drivers.
Biden affirmed that he was analyzing…
Oil demand will exceed pre-pandemic levels
Global oil demand will exceed the level before the Covid-19 pandemic until 2023, according to the International Energy Agency (IEA), which estimates that world crude oil consumption will reach 101.6 million barrels per day (mb /d).
In its…
US Senate considers regulating cryptocurrencies as commodities
The US Senate is studying the bipartisan bill called the Responsible Financial Innovation Act, which would give cryptocurrencies the status of commodities, such as oil or coffee, and would be under the supervision of the Commodities Futures…
Iran and Venezuela sign agreement to recover El Palito refinery
The state company National Iran Oil Engineering and Construction Company (Naftiran) signed an agreement with the Venezuelan government for 110 million euros in order to recover and put into operation the El Palito refinery and be able to…