Feed aggregator

Iran War Doubles Egypt’s LNG Bill as Gas Output Keeps Falling

Oil news - Wed, 11/04/2026 - 03:00
The war on Iran has doubled what Egypt pays for imported LNG, and Cairo is deferring cargoes into 2027 and burning fuel oil in its power plants to hold down the bill. Egypt’s own output fell to 3.63 bcf/d in August as older fields declined faster than new wells came online, and the petroleum ministry has now extended the deadline for bids on 14 exploration blocks meant to reverse that decline to December 14 after companies asked for more time. QatarEnergy has kept its LNG deliveries under force majeure since April, and on October 28 it extended…
Categories: Oil news

Global Diesel Crunch Set to Last Well Into 2027

Oil news - Wed, 11/04/2026 - 03:00
While crude oil imports in Asia have reached pre-war levels, imports of refined products remain weak as gasoline and diesel imports from the Middle East have crashed amid reduced refining capacity. Asia’s oil import story these days is a reflection of the global oil markets—crude oil availability has significantly increased since the early summer lows and flows out of the Middle East have largely recovered, but supply of gasoline, and especially diesel, has sharply dropped since the Iran war began at the end of February. Reduced refinery…
Categories: Oil news

Disney planea miles de despidos de trabajadores y pide a algunos directivos que reduzcan los costes

Apporea noticias - Wed, 11/04/2026 - 02:01
Disney planea eliminar varios miles de puestos de trabajo, según informaron a la CNBC personas familiarizadas con el asunto. 3 de noviembre de 2026.-A algunos gerentes del gigante del entretenimiento se les ha solicitado reducir los costos hasta en u...
Categories: Venezuelan news

Rep. Randy Fine partidario de MAGA se niega a descartar la deportación de Melania Trump

Apporea noticias - Wed, 11/04/2026 - 02:00
 Randy Fine se vio en una situación incómoda cuando su cruzada en materia de inmigración suscitó interrogantes sobre la primera dama. 3 de noviembre de 2026.-Un miembro de larga data del ala MAGA se vio en una situación incómoda cuando su insist...
Categories: Venezuelan news

Big Oil Puts Debt Reduction Ahead of New Investments

Oil news - Wed, 11/04/2026 - 02:00
The world’s biggest oil and gas companies have posted another strong quarter, with just Europe’s top six majors booking a collective $38 billion for the July-to-September quarter. Adding Exxon and Chevron, the figure swells considerably. But the supermajors are in no rush to start spending that windfall. The oil and gas industry is having the exact opposite year to 2020. The war between the United States and Israel, and Iran has pushed oil and gas prices to the highest in years. The war between Russia and Ukraine, meanwhile, has driven…
Categories: Oil news

US Crude Oil Inventories Still in Freefall

Oil news - Wed, 11/04/2026 - 01:00
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 5.267 million barrels in the week ending October 30. In the week prior, US crude oil inventories fell by a staggering 2.031 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 64 million barrels over the last 29 weeks, and 12 million over this year, according to API data, which has been kept in check in part thanks to draws from the SPR. For the week ending October 30, 400,000 barrels of crude oil left the…
Categories: Oil news

US Crude Oil Inventories Still in Freefall

Oil news - Wed, 11/04/2026 - 01:00
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 5.267 million barrels in the week ending October 30. In the week prior, US crude oil inventories fell by a staggering 2.031 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 64 million barrels over the last 29 weeks, and 12 million over this year, according to API data, which has been kept in check in part thanks to draws from the SPR. For the week ending October 30, 400,000 barrels of crude oil left the…
Categories: Oil news

US Crude Oil Inventories Still in Freefall

Oil news - Wed, 11/04/2026 - 01:00
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 5.267 million barrels in the week ending October 30. In the week prior, US crude oil inventories fell by a staggering 2.031 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 64 million barrels over the last 29 weeks, and 12 million over this year, according to API data, which has been kept in check in part thanks to draws from the SPR. For the week ending October 30, 400,000 barrels of crude oil left the…
Categories: Oil news

Africa Launches $5 Billion Energy Bank as Western Lenders Retreat

Oil news - Wed, 11/04/2026 - 01:00
Africa needs $200 billion in annual energy investment, according to the Independent Petroleum Producers Group (IPPG). Around 600 million people across Africa lack access to electricity, a problem that could quickly intensify as sub-Saharan Africa rapidly grows, develops, and industrializes. The region’s energy demand is expected to increase threefold over the next decade, as emerging economies develop and the population continues to boom. But Western investors are pulling out of the continent right when funding is most needed. To fill this…
Categories: Oil news

Ejecutan reubicación del colector emisario en el sector Pantano Abajo de Coro

Apporea noticias - Wed, 11/04/2026 - 00:31
Estos trabajos, atienden directamente a 1.742 familias falconianas 3 de noviembre de 2026).- Con el objetivo de garantizar el óptimo funcionamiento del sistema de recolección de aguas residuales, el Ministerio del Poder Popular de las Aguas (Minaguas), a través de Hidroven, ejecuta ...
Categories: Venezuelan news

Why Supplying Europe With LNG Has a Best-Before Date

Oil news - Wed, 11/04/2026 - 00:00
Canada’s proposed associate membership with the European Union is a first-of-its-kind political and economic partnership announced by Prime Minister Mark Carney and EU leaders during the October 2026 Canada-EU Summit in Montreal. The arrangement creates a multi-layered tie that goes well beyond a standard free-trade agreement (like CETA), while stopping short of full EU membership. The push is driven largely by a need to reduce economic and strategic reliance on the United States amid ongoing trade tensions, tariff disputes, and political…
Categories: Oil news

Venezuela firma 80 acuerdos de hidrocarburos con empresas internacionales

Apporea noticias - Tue, 11/03/2026 - 23:09
3 de noviembre de 2026.- Venezuela ha suscrito 80 acuerdos en el área de los hidrocarburos con múltiples corporaciones internacionales durante el presente año y mantiene su total apertura hacia nuevas inversiones, indicó este martes 3 de noviembre la ministra de Hidrocarburos, Paula Henao Vera, dura...
Categories: Venezuelan news

Houthi Fighters Launch Ground Incursions Into Saudi Arabia

Oil news - Tue, 11/03/2026 - 23:00
Fresh reporting in Middle East regional outlets suggests a major escalation in Houthi attacks on Saudi Arabia. While drones and missiles have been launched on Saudi territory almost daily since September, a new report says that Houthi militants are actually conducting ground force incursions. In a development that's been largely unreported, "The Houthis have launched multiple cross-border raids into Saudi Arabia in recent months, in an expansion of the conflict beyond Yemen, a Western and Arab official with direct knowledge of the raids told Middle…
Categories: Oil news

Delcy Rodríguez traza la ruta económica de Venezuela hacia el 2040

Apporea noticias - Tue, 11/03/2026 - 22:13
3 de noviembre de 2026.- En el marco de la inauguración del Foro Empresarial Portugal-Venezuela, la presidenta de la República, Delcy Rodríguez, presentó un balance sobre la evolución de los principales indicadores financieros del país. ‎ ‎Durante su intervención ante las delegaciones diplomátic...
Categories: Venezuelan news

Why Higher Oil Prices Aren't Solving Saudi Aramco's Biggest Problems

Oil news - Tue, 11/03/2026 - 22:00
The world’s largest listed oil company, Saudi Aramco, is again in the spotlight. The company’s results, released on 3 November, clearly offer an uncomfortable lesson in wartime economics. Yes, an oil company can post higher profits even as its physical operating position deteriorates. Higher prices can counter lost production; exceptional accounting gains can lift headline earnings. Still, none of these proves the underlying business is secure. Aramco reported third-quarter net income of $36.25 billion, up 34.5% year-on-year. However,…
Categories: Oil news

Iran War Triples Logistics Costs for Oil Services Firms

Oil news - Tue, 11/03/2026 - 21:30
Oilfield services companies are paying as much as three times their usual logistics costs in the Middle East, with fuel expenses doubling and labor costs climbing by as much as 40%, as the Iran war continues to disrupt equipment deliveries and project operations. Executives speaking Tuesday at the ADIPEC energy conference in Abu Dhabi described mounting financial pressure from the nine-month conflict, which has damaged infrastructure, forced employee evacuations, and made moving equipment through the Strait of Hormuz increasingly difficult. Alessandro…
Categories: Oil news

Iran War Triples Logistics Costs for Oil Services Firms

Oil news - Tue, 11/03/2026 - 21:30
Oilfield services companies are paying as much as three times their usual logistics costs in the Middle East, with fuel expenses doubling and labor costs climbing by as much as 40%, as the Iran war continues to disrupt equipment deliveries and project operations. Executives speaking Tuesday at the ADIPEC energy conference in Abu Dhabi described mounting financial pressure from the nine-month conflict, which has damaged infrastructure, forced employee evacuations, and made moving equipment through the Strait of Hormuz increasingly difficult. Alessandro…
Categories: Oil news

Iran War Triples Logistics Costs for Oil Services Firms

Oil news - Tue, 11/03/2026 - 21:30
Oilfield services companies are paying as much as three times their usual logistics costs in the Middle East, with fuel expenses doubling and labor costs climbing by as much as 40%, as the Iran war continues to disrupt equipment deliveries and project operations. Executives speaking Tuesday at the ADIPEC energy conference in Abu Dhabi described mounting financial pressure from the nine-month conflict, which has damaged infrastructure, forced employee evacuations, and made moving equipment through the Strait of Hormuz increasingly difficult. Alessandro…
Categories: Oil news

República Checa: inusual huelga de los trabajadores de la radio y la televisión públicas

Apporea noticias - Tue, 11/03/2026 - 21:11
3 de noviembre de 2026.- “Un día sin precedentes en la historia de los medios públicos checos”: así comenzó el noticiero de medianoche de este 3 de noviembre en la televisión pública checa. En un país donde las huelgas son poco frecuentes, los métodos empleados recientemente por la coalición goberna...
Categories: Venezuelan news

Brazil's Data Center Push Hinges on Gas Rules, Grid Access and a New Congress

Oil news - Tue, 11/03/2026 - 21:00
With the election settled, the presidency continuing for four more years and a newly elected Congress taking office in February, Brazil’s data center policy now hinges on execution, requiring tight coordination between parliament and the executive branch. Most clean tech policies can advance through decrees and agency rules, but data centers are an exception: Unlocking hyperscale investment requires Congress and the executive branch to align statutory tax incentive deadlines with regulatory definitions that are still to be written.At the…
Categories: Oil news

Pages