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Soaring EV Sales Dent China’s Oil Demand Growth
China’s oil demand growth is not what it used to be. Over the past year, consumption of the road transportation fuels – gasoline and diesel – has been trailing the levels from just two years ago, when China was emerging from nearly three years of Covid-related lockdowns. That’s not only because of the pent-up demand back in 2023. A large part of the lower gasoline and diesel demand is due to the soaring sales of electric passenger cars and trucks and LNG-fueled heavy-duty vehicles. Despite the apparent peak in China’s…
Categories: Oil news
Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy
Angola has made a major natural gas discovery, marking a breakthrough in the country’s efforts to diversify its fossil fuel production. Azule Energy, a joint venture between BP Plc (NYSE:BP), Eni S.p.A. (NYSE:E) and a group of Angolan companies successfully drilled the country's first dedicated gas exploration well in the Lower Congo Basin, with preliminary estimates suggesting the reserve holds more than 1 trillion cubic feet of natural gas and up to 100 million barrels of condensates. This is the first natural gas exploration by the former…
Categories: Oil news
New Powers Emerge as Russia's Grip on South Caucasus Falters
As Russia remains preoccupied with its war in Ukraine, its influence is weakening along its southern border, particularly in Armenia and Azerbaijan. This power shift is opening the door for other players, including Turkey, the European Union, and the United States, to expand their presence in the region, analysts told RFE/RL. On July 10, Armenian Prime Minister Nikol Pashinian and Azerbaijani President Ilham Aliyev met in Abu Dhabi to discuss a potential peace deal, notably without any mediators -- including Russia. Although no breakthrough was…
Categories: Oil news
Shale Sputters as Oil Slides Into Profit Danger Zone
U.S. shale drillers are scaling back as crude prices drift into the red zone for profitability, according to Quantum Capital Group’s Dwight Scott. With West Texas Intermediate (WTI) hovering near $65, private operators are seeing diminishing returns on new drilling activity. “In the mid-$60s, you get dangerously close to where oil prices don’t really drive appropriate returns for new drilling,” Scott said in a Bloomberg TV interview on Wednesday. WTI has dropped 8% since the start of the year and sat at $65.82 on Wednesday.…
Categories: Oil news
Shale Sputters as Oil Slides Into Profit Danger Zone
U.S. shale drillers are scaling back as crude prices drift into the red zone for profitability, according to Quantum Capital Group’s Dwight Scott. With West Texas Intermediate (WTI) hovering near $65, private operators are seeing diminishing returns on new drilling activity. “In the mid-$60s, you get dangerously close to where oil prices don’t really drive appropriate returns for new drilling,” Scott said in a Bloomberg TV interview on Wednesday. WTI has dropped 8% since the start of the year and sat at $65.82 on Wednesday.…
Categories: Oil news
Teleférico Waraira Repano gratuito para los niños y niñas el 20 de julio "Día del Niño"
16 de julio de 2025.- En una publicación en Instagram del sistema teleférico, se pudo conocer que el Waraira Repano, si prestará servicio gratuito para los niños con edades comprendidas de 3 a 12 años, esto con motivo de festejar, el próximo domingo 20 de julio, el día del niño, quienes podrán disfr...
Categories: Venezuelan news
China's Covert Support for Russia Raises EU Concerns
Publicly, Beijing has presented itself as a neutral party in the war sparked by Russia's full-scale invasion of Ukraine, claiming it respects the territorial integrity of Ukraine while also highlighting the need to address Russia's security concerns. But behind the scenes, that may be changing. According to EU officials speaking to RFE/RL on condition of anonymity, Chinese Foreign Minister Wang Yi told EU foreign policy chief Kaja Kallas last week that Beijing couldn't accept Russia's defeat in the war as it would free up Washington to focus on…
Categories: Oil news
Falleció Asdrúbal Meléndez destacado y polifacético artista venezolano
16 de julio de 2025.- El actor y artista plástico Asdrúbal Meléndez falleció a sus 89 años de edad, hecho ocurrido en horas de la madrugada de este día.
Nacido el 1 de noviembre de 1935 en la comunidad de Ojo de Agua, estado Falcón, estudió en la Escuela Juan de Villegas de Barquisimeto, se gradu...
Categories: Venezuelan news
IMF Praises Uzbekistan's Economic Transformation
The International Monetary Fund is upbeat on Uzbekistan’s economic liberalization drive but cautions that much remains to be reformed before Tashkent can realize its goal of qualifying for World Trade Organization membership. Since Shavkat Mirziyoyev assumed the presidency in 2016, Uzbekistan has averaged 5.7 percent GDP growth annually, while achieving year-on-year employment growth of about 3.6 percent, the IMF states in its latest country report for Uzbekistan. The growth rate is projected to hover around 6 percent over the next few years.…
Categories: Oil news
Autoridades de Caracas recuerdan prohibición de caravanas estudiantiles
16 de julio de 2025.- El Consejo Municipal de Derechos de Niños, Niñas y Adolescentes recordó a la ciudadanía del municipio Libertador, Caracas, que está prohibido el uso de caravanas vehiculares estudiantiles como una manera de celebrar graduaciones de bachillerato, tal como se refleja en la ordena...
Categories: Venezuelan news
Efemérides del 16 de Julio: Primera explosión de una bomba atómica (1945) – Despega misión tripulada a la Luna (Apolo 11)
Es 16 de julio de 2025. Han transcurrido 197 días del año y faltan 168 días para su terminación. Hoy es miércoles.
Las efemérides se refieren a suceso...
Categories: Venezuelan news
Panamá: Representante de Tocumen denuncia represión policial en protesta pacífica
16 de julio de 2025.- La representante del corregimiento de Tocumen, Arielis Barría, denunció públicamente este miércoles que fue agredida físicamente por agentes de la Policía Nacional mientras participaba en una manifestación pacífica para exigir soluciones a la escasez de agua potable que afecta ...
Categories: Venezuelan news
The Promise and Pitfalls of Mexico’s Clean Energy Plan
For years, Mexico has been exploiting its vast oil reserves to meet its energy needs and boost its export revenues. During this time, several governments largely overlooked the country’s renewable energy potential. Many regions of Mexico experience abundant sunlight throughout the year, while the north of the country has high levels of wind. However, to date, its renewable energy sector is somewhat underdeveloped. Despite having expanded its renewable energy capacity in recent years, Mexico still relies heavily on fossil fuels. However, greater…
Categories: Oil news
"El tiempo ha demostrado que las vacunas cubanas contra la Covid-19 son de las mejores del mundo": Manuel Raíces
16 de julio de 2025.- Manuel Raíces, investigador y comunicador del Centro de Ingeniería Genética y Biotecnología (CIGB) de La Habana, conversa con Cubainformación TV en València. Nos explica qué es el citado Centro, verdadera referencia internacional; cómo afecta el bloqueo a la ciencia en Cuba; có...
Categories: Venezuelan news
India Rethinks Its Oil Strategy as Russian Discounts Dwindle
India’s romance with cheap Russian oil is cooling—just a touch. Russian crude imports into India crept up 1% in the first half of 2025, totaling about 1.75 million barrels per day. That’s hardly a surge, considering the price allure that first pulled India deeper into Moscow’s oil orbit after the 2022 Ukraine invasion. And while Russia still holds the top supplier spot—accounting for 35% of India’s crude inflows—the real story isn’t the volumes. It’s the shrinking advantage. The discount on…
Categories: Oil news
Israel bombardea el Palacio Presidencial en Siria
16 de julio de 2025.- Cazas israelíes lanzaron hoy tres incursiones contra las instalaciones del Palacio del Pueblo que alberga las oficinas de la presidencia siria, constató Prensa Latina aquí.
Tres columnas de humo se elevaron de tres edificios del Palacio ubicada en una colina al oeste de Dam...
Categories: Venezuelan news
Spot Market Tightness Boosts Aluminum Prices
Via Metal Miner The Aluminum Monthly Metals Index (MMI) remained sideways with an upside bias. Overall, the index rose 1.99% from June to July as aluminum prices slowed their ascent. Track other MetalMiner monthly indexes here, and compare how the overall industrial metal market is performing. Midwest Premium Returns to the Upside Stabilization proved temporary for aluminum’s Midwest Premium. After finding a peak in early June followed by a modest decline, the premium returned to the upside. By early July, it managed to surpass its previous…
Categories: Oil news
CNE: cronograma electoral del próximo 27 de julio tiene un avance del 84,45%
16 de julio de 2025.- El rector principal del Consejo Nacional Electoral, Conrado Pérez, informó que el cronograma para los comicios municipales del próximo 27 de julio tiene un avance del 84,45%.
«Entramos en un 84,45 por ciento del desarrollo del cronograma electoral y avanzamos en un 46 por ci...
Categories: Venezuelan news
Could Natural Hydrogen Reserves Really Power the Planet for Centuries?
Researchers from three respectable universities (Durham, Oxford, and Toronto) just issued a paper that lays out a guide to exploring for underground hydrogen deposits and also claims that the planet’s reserves, theoretically, could supply all energy needs for so many years that you would write off the number as delusional hyperbole if we repeated it. (See Ballentine, et. al.“Natural hydrogen resource accumulation in the continental crust”, Nature Reviews Earth & Environment). We don’t know if the professors are right,…
Categories: Oil news
TotalEnergies Says Lower Oil and Gas Prices Will Weigh on Q2 Profit
TotalEnergies expects lower earnings in its upstream and LNG divisions for the second quarter amid a drop in oil, natural gas, and LNG prices compared to early this year and the same time last year. In an update note ahead of the Q2 results due out on July 24, the French supermajor said that its exploration and production earnings are expected to reflect the $7 per barrel decline in oil prices in the second quarter compared to the first quarter. Brent Crude prices averaged $67.90 per barrel in Q2, down from an average of $75.70…
Categories: Oil news