Tag: Oil
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Putin Extends Russia’s Response Measures to West’s Oil Price Caps
In 2022, the EU placed a price cap of US$60 per barrel on Russian seaborne crude oil, a move adopted by the Group of Seven. On Thursday, Russian President Vladimir Putin extended a decree on the country’s response measures to the price cap imposed by the West on Russian oil and petroleum products until Dec. […]
June 14, 2024
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Diplomat Moncada Defends Venezuelan Historical Rights Over Guayana Esequiba
He also called again on Guyana to return to the negotiating table to achieve a satisfactory agreement for both parties. On Tuesday, Venezuela made a new call to Guyana to return to the negotiating table with the aim of resolving the territorial dispute over the Essequibo region. RELATED: Venezuela Rejects Caricom Communique on the Essequibo […]
June 11, 2024
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OPEC+ Extends Oil Output Cuts
Since October 2022, OPEC is responsible for around 40 percent of the global crude oil supply. On Sunday, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided to maintain the production quotas for its members in 2025, extending the current output cuts. RELATED: OPEC Conveys Condolences to […]
June 3, 2024
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The US Uses Sanctions to Blackmail Venezuela: VP Rodriguez
On Tuesday, Venezuelan Vice President Delcy Rodriguez asserted that the unilateral coercive measures imposed by the United States seek to “blackmail” Venezuela into changing its course of independence and self-determination. RELATED: Imperial Powers Meddle in The Essequibo Issue, Venezuela Warns “Over 1,000 unilateral coercive measures, wrongly called ‘sanctions’, have been used to blackmail us and […]
May 14, 2024
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Venezuelan Prosecutor’s Office Reveals PDVSA-Crypto Financiers
On Tuesday, Venezuelan Attorney General Tarek William Saab presented new evidence of the connection between far-right activists and former officials involved in the PDVSA-Crypto corruption case. RELATED: Milei’s TeleSUR Censorship Reflects Fear: President Maduro “We have determined that the main financial backer of this case was Samark Lopez, who began assembling the political conspiracy,” Saab […]
May 7, 2024
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Venezuela: PDVSA-Crypto Case Involves Far-Right Politicians
On Thursday, Venezuelan Attorney General Tareck William Saab offered new details on the PDVSA-Crypto case, which involves the use of cryptocurrencies for the corrupt appropriation of resources from the Petroleum of Venezuela company (PDVSA). RELATED: President Nicolás Maduro Approaches the Workers in the Framework of His International Day The latest investigations by the Prosecutor’s Office […]
May 2, 2024
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Russian Army Liberates the Town of Semenivka
On Monday, the Russian Defense Ministry reported that its forces took the town of Semenivka, west of the city of Avdivka. RELATED: Blinken Accuses China of Supporting Russian Defense Industry “Units of the Tsentr military group liberated the town of Semenivka in the Donetsk People’s Republic,” the Russian ministry said, adding that its forces harassed […]
April 29, 2024
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Vice President of Sudan: The Petroleum Sector Will Restart Soon
Vice Chairman of Sudan’s Sovereignty Council Malik Agar said that the oil sector was able to maintain the facilities and restore work, even though the war affected all its mechanism. Related: Sudan: New Attack in the Northern Region Malik Agar announced the repair of the line transporting South Sudan’s oil to the export port in […]
April 25, 2024
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US Sanctions on Venezuela Add Uncertainty to Global Oil Market
Washington has decided to reimpose economic sanctions on Venezuela’s oil sector, adding uncertainty to the oil market, when supply security remains a top priority for many regions around the world amid the ongoing conflicts in the Middle East. RELATED: Venezuela: Popular Consultation Advances Strengthening Democracy According to the new guidelines from the U.S. Treasury Department, […]
April 22, 2024
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Oil Giants Look at New Strategy Amid Global Energy Transition
At the top-level global energy forum CERAWeek that kicked off on Monday, oil giants across the Atlantic are fine-tuning their investment strategies in view of multiple challenges arising from geopolitical tensions, climate change and rapid growth of renewable energy. RELATED: Global Energy Forum CERAWeek Kicks Off in Houston Investment opportunities created by favorable government policies, […]