Crude oil futures ended the week higher, buoyed by renewed optimism around U.S.-China trade talks and signs of tightening inventories. West Texas Intermediate (WTI) settled near $59.91, marking a 2.78% weekly gain after rebounding sharply from multi-year lows earlier in the week. Bargain buying and improved sentiment supported prices despite strong macroeconomic and supply-driven headwinds. Trade Talks and Risk Sentiment Offer Limited Relief The upcoming May 10 trade negotiations between U.S. Treasury Secretary Scott Bessent and China’s top…

Oil Refiners Fear Trade Wars Will Hit Them Soon - Q1 2025 results of downstream-focused majors have been in stark contrast with how bearish the market remains on the future of refining, with the past years’ demand growth jeopardized by trade wars. - Consumption patterns in refined products have lagged flat price developments, leading to relatively higher margins today – the Singapore margin for refining Dubai crude is now around $7 per barrel, up from $4.3 per barrel a year ago. - The contango futures structure that has developed in…

On paper, the EU is phasing out Russian gas. A ban on new contracts kicks in by 2025, and the goal is full independence by 2027. That’s the public position, reinforced by press releases, parliamentary votes, and the REPowerEU strategy. But behind the curtain? Brussels is playing a double game. The truth is this: Europe wants Russian gas—it just doesn’t want to be seen wanting it. Liquefied natural gas (LNG) from the U.S. and Qatar is expensive. Infrastructure is uneven. And political unity across 27 member states is mostly a fiction…

Last weekend, at the Berkshire Hathaway (BRKB) shareholders meeting, Warren Buffett surprised everyone except his two children, who were the only people he had told beforehand, by announcing that he would be retiring as the company’s CEO. I guess we shouldn’t have been surprised that a 94-year-old wanted to retire, but Buffett’s boundless energy and enthusiasm for investing created an illusion that he would go on forever. He didn’t, of course, but much of his investing advice will. Warren Buffett was enormously successful…

It’s been a busy first half of the year, geopolitically, and this week has been no different, with the India-Pakistan conflict erupting into airstrikes, more back-and-forth on the tariff front, ISIS rearing its head in repositioning Syria, more cracks in the Libyan power architecture, and the hatching of a European plan to ban Russian gas fully by 2027 (but please can we find a way to get Russian gas that is … less obvious?). India and Pakistan are sliding into their most dangerous confrontation in years. After a deadly Kashmir attack…

Es 9 de Mayo de 2025. Han transcurrido 129 días de...

Canada’s pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year as it moved a record-high volume of liquids on its huge Mainline pipeline system in North America. The company booked adjusted earnings of US$1.58 billion (C$2.2 billion), or US$0.74 (C$1.03) per common share, for the first quarter, up from US$1.44 billion (C$2 billion) for the same period of 2024. The EPS beat the analyst consensus estimate of US$0.69 (C$0.96) for the first quarter of 2025. Enbridge operates the Mainline system,…

El Fiscal General de la República Tarek William Saab designó a la Fiscalía 33 en Materia de Delitos Comunes de Carabobo, para investigar y sancionar los hechos donde un colector de autobús agredió físicamente a un adulto mayor y lo dejo tirado en el pavimento. El hecho se registró e...

Crude oil prices climbed this week on hopes that the U.S. and China might come to a trade agreement after a deal was announced with the UK.Friday, May 9th, 2025 ICE Brent futures have recovered to $64 per barrel as oil markets keep their hopes high for the upcoming first round of US-China trade talks this weekend. Should US Treasury Secretary Scott Bessent reach some sort of breakthrough with his Chinese counterpart He Lifeng, May could recoup most of April’s losses. US Slaps Sanctions on Third Chinese Refiner. The US Department…

El Consejo Nacional Electoral (CNE) invitó a los ciudadanos a participar en el simulacro programado para este sábado 10 de mayo, con miras a la celebración de las megalecciones del próximo 25 de mayo. El máximo ente electoral ya ha difundido el listado de los puntos de votación auto...

Donald Trump despidió a la Bibliotecaria del Congreso, Carla Hayden, una decisión que podría considerarse hoy un nuevo ataque del presidente de Estados Unidos al arte y la cultura. Hayden, primera mujer y también primera afroamericana en ocupar el cargo, fue relevada del puesto, seg...

Sotana blanca con la clásica muceta roja, la cruz pectoral dorada con bordados y el solideo blanco, la vestimenta papal tradicional que no se veía desde 2005, reapareció este j...

Indonesia plans to slash its fuel imports from Singapore and source more refined products from the United States as the country looks to negotiate lower tariffs with the U.S. Indonesia was slapped with one of the highest tariffs - 32% - in the “liberation day” tariffs announced by U.S. President Donald Trump in early April. These tariffs have been suspended for 90 days, during which the Trump Administration expects most countries to come pleading their cases and promising to boost their imports of U.S. goods to avoid high tariffs. In…

Indonesia plans to slash its fuel imports from Singapore and source more refined products from the United States as the country looks to negotiate lower tariffs with the U.S. Indonesia was slapped with one of the highest tariffs - 32% - in the “liberation day” tariffs announced by U.S. President Donald Trump in early April. These tariffs have been suspended for 90 days, during which the Trump Administration expects most countries to come pleading their cases and promising to boost their imports of U.S. goods to avoid high tariffs. In…

El nuevo papa León XIV se ha mostrado públicamente como un crítico a las políticas migratorias implementadas por la Administración de Donald Trump, ya que a través de sus redes...

Robert Prevost, quien fue elegido como el nuevo Sumo pontífice este jueves, realizó una visita a Venezuela en septiembre de 2023. En aquel entonces, el ahora Papa se desempeñaba como Prefecto del Dicasterio para los Obispos del Vaticano y participó activamente en las festividades en honor a la...

9 de mayo de 2025.- El precio del bitcoin, la criptodivisa más popular, ha experimentado una subida significativa, superando los 100.000 dólares. Según analistas del mercado, el valor se disparó en medio del anuncio de la Casa Blanca de que EE.UU. y el Reino Unido, el cual han alcanzado un conven...

Oil prices are on track to post a weekly gain amid expectations that the first U.S. trade deal post-tariffs, with the UK, could be a good sign of thaw in the tense trade relations ahead of the U.S.-China talks this weekend. As of 9:45 a.m. EDT on Friday, the front-month U.S. benchmark futures, WTI Crude, were up by 0.92% at $60.42. The international benchmark, Brent Crude, was rising by 0.80% at $63.31. After posting a weekly loss last week, oil was on track early on Friday for a weekly gain this week, after the U.S. and the UK announced on Thursday…

The U.S. is proposing that the Task Force on Climate-related Financial Risks (TFCR) at the Basel Committee on Banking Supervision (BCBS) be downgraded to a working group, the Financial Times reported on Friday, citing sources briefed on the matter. The Basel Committee is the top global regulator of the banking sector, and its 45 members comprise central banks and bank supervisors from 28 jurisdictions. For the United States, the representatives on the committee are four institutions – the Fed, the Federal Reserve Bank of New York, the Office…

The U.S. is proposing that the Task Force on Climate-related Financial Risks (TFCR) at the Basel Committee on Banking Supervision (BCBS) be downgraded to a working group, the Financial Times reported on Friday, citing sources briefed on the matter. The Basel Committee is the top global regulator of the banking sector, and its 45 members comprise central banks and bank supervisors from 28 jurisdictions. For the United States, the representatives on the committee are four institutions – the Fed, the Federal Reserve Bank of New York, the Office…