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Why Big Oil Isn’t Afraid of Peak Oil Demand
Big Oil firms expect global oil demand to stop growing at some point early next decade. But the decline will be very slow and gradual and will look more like a plateau than a downward spiral. The world’s biggest international oil and gas companies have started to acknowledge that demand growth could slow or stop within a decade. But these firms keep pumping oil and gas more than they did earlier this decade as they expect that oil demand – regardless of a peak – isn’t going anywhere. Big Oil’s…
Categories: Oil news
Trump’s Climate Subsidy Cuts Face Red-State Rebellion
One of President Trump’s top priorities when he took office was to remove generous subsidies for things like wind and solar power that, critics have argued, are a drain on federal coffers. The panic that this intention caused in transition industries suggested it would be an easy job. It’s not. A lot of the subsidy billions have gone into Republican-led states. The warnings have been coming in for months. A lot of the companies that have taken advantage of IRA funds for energy transition projects have done so in red states. Toyota,…
Categories: Oil news
Indignación ante las medidas del Departamento de Seguridad para restringir las visitas de legisladores a los centros de detención
Se les ha ordenado a los funcionarios electorales que avisen con 72 horas de anticipación antes de visitar las instalaciones de inmigración, y algunos sitios están completamente prohibidos.
19 de junio de 2025.-El Departamento de Seguridad Nacional d...
Categories: Venezuelan news
Kazakhstan, China Forge Uranium Partnership as U.S. Falls Behind
Kazakhstan and China have moved to deepen their strategic partnership, with the two allies set to sign 60 agreements worth up to $25 billion at the China–Central Asia Industrial and Investment Cooperation Forum in Astana. Kazakhstan has identified China National Nuclear Corporation (CNNC) as a key strategic partner for building nuclear power plants, and will sign a cooperation agreement with China on nuclear energy. This partnership also includes joint research on transboundary uranium ore belts straddling the two countries. According to…
Categories: Oil news
The Physics of Collapse: How to Adapt to Economic Shifts
Today, the world is filled with conflict. Part of the problem is oil limits, but there are many other issues as well: Resources such as coal, lithium, and copper are also becoming more expensive to extract. Fresh water is often inadequate for the world’s rising population. Debt levels are very high. Complexity is very high. An adequate standard of living is becoming unaffordable for many people. The increasing world population leads to a need for more food and more paved roads. These symptoms strongly suggest that the world economy is headed…
Categories: Oil news
Oil Price Momentum Tanks As Trump Dithers on Iran War Call
Crude prices are technically higher today, but the market mood feels anything but bullish. WTI is clinging to $75.60 (+0.61%), but that masks a sharper intraday reversal that saw prices tumble from above $77 earlier in the session. Brent is faring better at $78.85 (+2.80%), and is missing the sharp pullback seen in the US benchmark. Much of the morning rally was driven by the drumbeat of possible U.S. military involvement in the Israel-Iran war. But once the White House clarified that President Trump hasn’t made a decision—and…
Categories: Oil news
Oil Price Momentum Tanks As Trump Dithers on Iran War Call
Crude prices are technically higher today, but the market mood feels anything but bullish. WTI is clinging to $75.60 (+0.61%), but that masks a sharper intraday reversal that saw prices tumble from above $77 earlier in the session. Brent is faring better at $78.85 (+2.80%), and is missing the sharp pullback seen in the US benchmark. Much of the morning rally was driven by the drumbeat of possible U.S. military involvement in the Israel-Iran war. But once the White House clarified that President Trump hasn’t made a decision—and…
Categories: Oil news
Marchan por la paz ante el conflicto entre Israel e Irán en Caracas
19 de junio de 2025.- Una movilización que partió desde la plaza Morelos en Bellas Artes y recorrió las avenidas México y Universidad hasta llegar al punto final en el Palacio Federal Legislativo de Caracas.
El embajador de irán en Venezuela, Hojjatolah Soltani, extendió sus palabras de agradecim...
Categories: Venezuelan news
Efemérides del 19 de Junio: Día para la Eliminación de la Violencia Sexual en Conflictos Armados
Es 19 de junio de 2025. Han transcurrido 170 días del año y faltan 195 días para su terminación. Hoy es jueves.
Las efemérides se refieren a sucesos, celebraciones o conmemoraciones significativas para un área del conocimiento, la cultura y las artes, la historia o la ciencia...
Categories: Venezuelan news
The Permian Basin is Fueling America's Electric Future
The growth in US power demand is surging to its highest rate in decades, driven first by the electrification of oil and gas production and then by the build out of data centers. While still below the 5-10% growth seen in China, the world’s first “electrostate," the US power sector is experiencing rapid structural growth. The country is delivering more than a 3.5% annual power demand growth rate for the first time in several decades, potentially positioning the US as the world’s next “electrostate,” despite the strong…
Categories: Oil news
Venezuela postula ocho pueblos mágicos en el Best Tourism Villages 2025
19 de junio de 2025.- El Ministerio del Poder Popular para el Turismo (MINTUR) informó que Venezuela participa en el programa «Best Tourism Villages» 2025 al postular ocho hermosas localidades emblemáticas impregnadas de culturas y tradiciones, a fin de visibilizar la riqueza de su patrimonio natura...
Categories: Venezuelan news
Nuclear Energy Gets a Major Boost From World Bank
The global tide is turning in favor of nuclear energy after decades of distrust and an adverse policy environment. This week, the sea change picked up speed as the World Bank announced that it would return to the nuclear energy space as a funder, marking a “major reversal” and “a momentous shift for international energy policy” according to the World Nuclear Association. The World Bank credited this groundbreaking pivot to the need to meet ballooning energy demand from the developing world without compromising on climate…
Categories: Oil news
Aprueban un nuevo tratamiento preventivo contra el VIH
19 de junio de 2025.- En el lanzamiento de este nuevo tratamiento contra el VIH el laboratorio Gilead habló de día histórico. La gran ventaja del Yeztugo, como se llama a esta inyección es que consiste en dos inyecciones anuales.
También promete una eficacia sin precedentes y podría cambiar las ...
Categories: Venezuelan news
Irán demuestra su poderío, lanzó nueva ola de ataques contra Israel
Los medios israelíes han informado este jueves de varios impactos en el centro y sur de Israel. Según reportes, se trata de golpes «más grandes que los recientes».
The Times of Israel recoge que los médicos están respondiendo a los informes de ataques con misiles balísti...
Categories: Venezuelan news
SpaceX Starship Setback Exposes Energy Gaps in $1.8 Trillion Space Race
SpaceX’s Starship prototype exploded over the Indian Ocean on Thursday during its fourth “hotfire” engine test, dramatically underscoring the immense energy stakes of Elon Musk’s space aspirations. The Raptor engines rely on cryogenic methane and liquid oxygen, burning through an estimated 1,000 to 1,200 tonnes of propellant per launch. This fuels more than just rockets. It powers a burgeoning $1.8 trillion space economy forecast by 2035, up from $630?billion in 2023. That explosion in valuation is driven not merely by launches,…
Categories: Oil news
Argentina: medio millón de personas en las calles en solidaridad con Cristina Fernández
19 de junio de 2025.- En una histórica marcha pacífica, calculada en más de medio millón de personas sólo en esta capital –sin contar los miles en las provincias– la emoción estalló ayer en la multitud cuando se escuchó la voz de la ex presidenta Cristina Fernández de Kirchner (2007-2015); en un men...
Categories: Venezuelan news
Precious Metals Rally as Gold Nears New Highs
Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) saw a strong rally from mid-May to mid-June. Precious metals prices like gold, silver, platinum and palladium all climbed on a potent mix of safe-haven investment flows and robust industrial demand. Geopolitical tensions, notably the recent flare-up in the Middle East between Israel and Iran, have only fueled more risk aversion. This continues to drive safe-haven demand into gold and silver. Palladium Lagging in Struggles with EV Transition Palladium has improved from its spring…
Categories: Oil news
Colombia ingresó al Nuevo Banco de Desarrollo del Brics
19 de junio de 2025.- La canciller de Colombia, Laura Sarabia, celebró hoy el ingreso de su nación al banco del grupo Brics tras la solicitud realizada por el presidente Gustavo Petro en Shangai para adherirse a esa entidad.
“La noticia que trasciende lo financiero y amplía nuestro horizonte. Col...
Categories: Venezuelan news
Iran Shifts to Single Tanker Loading for Oil Exports, Relocates Storage
Iran is maintaining crude oil supply by loading tankers one at a time and repositioning floating storage closer to Asia, two vessel tracking firms told Reuters, as the country seeks to preserve a vital revenue stream while under Israeli attack. Loadings at Kharg Island reached roughly 2.2?million barrels per day in recent days, a five-week high, while up to 8?million barrels of floating storage were shifted toward waters near China and Singapore, according to Bloomberg. The logistical changes are part of a broader strategy to insulate Iran’s…
Categories: Oil news
Iran Shifts to Single Tanker Loading for Oil Exports, Relocates Storage
Iran is maintaining crude oil supply by loading tankers one at a time and repositioning floating storage closer to Asia, two vessel tracking firms told Reuters, as the country seeks to preserve a vital revenue stream while under Israeli attack. Loadings at Kharg Island reached roughly 2.2?million barrels per day in recent days, a five-week high, while up to 8?million barrels of floating storage were shifted toward waters near China and Singapore, according to Bloomberg. The logistical changes are part of a broader strategy to insulate Iran’s…
Categories: Oil news