Oil prices rose more than 2 percent this Friday after new reports of a possible Iranian retaliation against Israel following the latest attack from Tel Aviv that left four military and one civilian dead. Amid the context of tension in the Middle East and the constant provocations of Israel against different nations in the region, […]

His proposal to decarbonize the Colombian economy, however, has met with resistance from farmers and miners. On Thursday, Colombian President Gustavo Petro assured that his administration will not sign new oil exploration and extraction contracts because it “brings death.” RELATED: President Petro Dennounce Former Vice President and Former General Prosecutor “In about 10 to 15 […]

The reopening of oil facilities came after representatives from Libya’s rival power centers — the Tripoli-based High Council of State and the eastern House of Representatives — reached an accord on Sept 26. On Tuesday, official sources stated that Libya’s oil production has rebounded sharply, reaching 1.13 million barrels per day, just days after the […]

Algeria will begin supplying Lebanon with fuel oil for its power plants after Lebanon’s electricity company said the day before its supplies were exhausted, according to a radio statement by the Algerian government. RELATED: Lebanon: Israeli Attack in the South Leaves Two Dead and Several Wounded “Instructed by the Algerian President, Abdelmadjid Tebboune, Prime Minister […]

‘I thank OPEC Secretary for his congratulations, which is a recognition of the Venezuelan people’s will,’ Maduro stated. On Tuesday, Haitham Al Ghais, the Secretary-elect of the Organization of the Petroleum Exporting Countries (OPEC), sent a letter to Venezuelan President Nicolás Maduro congratulating him on his victory in the elections held on July 28. RELATED: […]

Venezuelan debt holders are optimistic about the restructuring of this debt in the medium term, in the context of an imminent victory for Nicolas Maduro in the presidential elections this Sunday, July 28. RELATED: Bolivarian Economic Agenda Quietly Diversifying and Growing Venezuela’s Economy The United States biggest bank and of the world’s crucial financial enterprises […]

The tanker was transhipping 1,494 metric tons of industrial fuel when it sank in the early hours of the morning approximately six kilometres off the coast of Bataan.

The meeting held in the Sol del Perú hall, at the Palacio de Miraflores, in Caracas.

The president stressed that this project places La Paz as a new hydrocarbon producing department.

The Venezuelan oil industry revitalization occurs at a time when geopolitical events force the U.S. to reconsider its policies. The resurgence of Venezuela as one of the world’s leading crude oil producers makes this South American nation a key player in global energy stability given that its production contributes to the predictability of international price […]