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Iran Floods Tankers With Oil to Shield Crude From Missile Strikes
Iran Loads Every Available Barrel of Oil on Its Tankers - Confronted with the prospect of the Trump Administration potentially attacking its infrastructure, Iran has been maximizing exports and sending as much produced crude as possible to its terminal in Kharg Island. - Iran’s main crude oil loading port, Kharg has a capacity to store approximately 28 million barrels of oil, and recent satellite imagery indicates most tanks are completely full, adding some 5 million barrels over the past week. - Since Israel attacked Iran on June 13,…
Categories: Oil news
Expect Oil Price Volatility as Trump Weighs Iran Intervention
Geopolitical risk raced back into oil markets last week with Israel's strikes on Iran, and Donald Trump's uncertainty about how he will react is only going to create more volatility in oil prices.Friday, June 20th, 2025 The unpredictable nature of the Israel-Iran conflict has seen Brent bounce in a wide range of $70.56 to $79.04 per barrel this week, set for a slightly bearish closing around $77 per barrel after the Trump administration pushed out the timeline of its potential involvement in the Gulf. US Federal Reserve decisions, OPEC+ policy,…
Categories: Oil news
Asia Wants More Term Oil Deals From Middle East as War Boosts Spot Prices
Refiners in Asia have asked for additional oil supply under term contracts this summer as the conflict between Israel and Iran is hiking premiums for spot supply, Reuters reported on Friday, citing sources in the oil trade industry. As hostilities escalate, spot premiums for oil supply from the Middle East jumped this week to the highest level in four months, to more than $3 per barrel. Meanwhile, the official selling prices (OSPs) that Middle Eastern exporters set for their term supply for loading the following month are currently lower than the…
Categories: Oil news
Walter Gavidia: «Juntos todo es posible trabajar en 250 proyectos comunitarios planteados en la agenda concreta de acción»
El coordinador nacional de la corporación Juntos Todo es Posible, Walter Gavidia, destacó que fue todo un éxito el encuentro nacional que desde esa instancia apoyarán al menos 250 proyectos comunitarios planteados en la agenda concreta de acción (ACA).
Así lo dio a conocer Gavidia e...
Categories: Venezuelan news
Colombia oficializa su adhesión al Banco de los BRICS
La confirmación se dio durante una reunión entre Rousseff y el presidente ruso, Vladímir Putin, en Strelna, a las afueras de San Petersburgo, en la que también informaron sobre la adhesión de Uzbekistán: «Dos países ya fueron elegidos como nuevos miembros, son Uzbekistán y Colombia«...
Categories: Venezuelan news
Cuba y Rusia establecen alianza para modernizar el sistema electroenergético de la isla
La modernización del sistema electroenergético cubano será una tarea respaldada por Rusia, donde se prevé la implementación de tecnologías de inteligencia artificial como parte de la colaboración entre ambas naciones.
Este proyecto tiene como objetivo actualizar tres unidades de 100 megavatios (M...
Categories: Venezuelan news
Oil Prices Surge as Israel-Iran Conflict Rattles Markets
Crude oil prices climbed sharply last week as the conflict between Israel and Iran worsened, raising fears that global oil supplies could be affected. The situation quickly became one of the most closely watched issues in the oil market, pushing prices to their highest levels since January. West Texas Intermediate (WTI) and Brent crude both rose nearly 7% over the week, as investors responded to the growing threat of disruptions in the Middle East. The jump in prices came after Israel launched airstrikes on Iranian military and nuclear targets.…
Categories: Oil news
Russia's New Oil Gambit
Politics, Geopolitics & Conflict Russia is signaling a desire to re-enter the global energy conversation on new terms, with Russian sovereign wealth chief Kirill Dmitriev floating the idea of U.S.–Russia–Saudi cooperation to stabilize oil markets. This proposal is less about near-term supply dynamics and more about geopolitics—specifically, Putin’s attempt to reassert relevance amid declining influence in Syria, stagnation in Ukraine, and growing dependence on non-Western partners. By adopting language that echoes Donald…
Categories: Oil news
Hormuz Tensions Drive European Diesel Prices Higher
European diesel prices rallied for a fifth straight session, driven by mounting anxiety that critical Middle East shipping lanes could be choked off. The conflict between Israel and Iran has raised alarm bells across the EU, which has become increasingly dependent on fuel shipments transiting the Strait of Hormuz since losing access to Russian supplies. "Supply-security fears are driving the surge in European diesel prices," Eugene Lindell, head of refined products at energy consultancy FGE NexantECA, told Bloomberg. "Many importers are rushing…
Categories: Oil news
Russia Floats Asset Sales as War Costs Mount
Russia is preparing to sell off chunks of its most prized state-owned companies in a desperate bid to raise cash—reviving an old strategy with a history of smoke, mirrors, and self-dealing. Finance Minister Anton Siluanov confirmed Friday that firms in the energy, transport, and finance sectors are on the chopping block as Moscow scrambles to fund a ballooning war budget and entice private capital in a post-sanctions economy. Though no names were dropped, this is the same playbook that’s repeatedly floated Rosneft and other energy giants…
Categories: Oil news
Russia Floats Asset Sales as War Costs Mount
Russia is preparing to sell off chunks of its most prized state-owned companies in a desperate bid to raise cash—reviving an old strategy with a history of smoke, mirrors, and self-dealing. Finance Minister Anton Siluanov confirmed Friday that firms in the energy, transport, and finance sectors are on the chopping block as Moscow scrambles to fund a ballooning war budget and entice private capital in a post-sanctions economy. Though no names were dropped, this is the same playbook that’s repeatedly floated Rosneft and other energy giants…
Categories: Oil news
(VIDEO) Ejército israelí asesinó a 34 civiles en la Franja de Gaza
El Ejército israelí mató hoy a 34 palestinos e hirió a decenas más en dos masacres cometidas en la Franja de Gaza, que vive una grave crisis humanitaria tras 20 meses de agresión.
Funcionarios médicos del Hospital Al-Awda, ubicado en el campo de refugiados de Nuseirat, informaron so...
Categories: Venezuelan news
Venezuela postuló 8 localidades al programa Mejores Pueblos Turísticos de la ONU
Venezuela se enorgullece en anunciar su destacada participación en el programa «Best Tourism Villages» 2025 (Mejores Pueblos Turísticos) de ONU Turismo, con la postulación de 8 hermosas localidades. Esta nominación tiene como objetivo visibilizar la riqueza de su patrimonio natural...
Categories: Venezuelan news
Presidente Maduro: Irán, "en medio de circunstancias muy difíciles, está superando militarmente" a Israel
El presidente de Venezuela, Nicolás Maduro, aseguró este jueves que la agresión israelí a Irán forma parte de un plan que se ha venido desarrollando por fases y condenó las recientes amenazas del Gobierno de Israel al líder supremo iraní, el ayatolá Alí Jameneí.
"Lo que está su...
Categories: Venezuelan news
Texas Oil Family to Benefit From Potential $8-Billion Mitsubishi Deal
Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp goes through. Albert and Gordon Huddleston are descendants of Haroldson Lafayette Hunt, who founded and grew the family oil business in the 1930s and 1940s with hundreds of producing wells in East Texas. Reports emerged earlier this week that Mitsubishi Corp. is about to acquire the shale and pipeline assets of Aethon Energy Management, founded by Albert Huddleston, who is…
Categories: Oil news
Texas Oil Family to Benefit From Potential $8-Billion Mitsubishi Deal
Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp goes through. Albert and Gordon Huddleston are descendants of Haroldson Lafayette Hunt, who founded and grew the family oil business in the 1930s and 1940s with hundreds of producing wells in East Texas. Reports emerged earlier this week that Mitsubishi Corp. is about to acquire the shale and pipeline assets of Aethon Energy Management, founded by Albert Huddleston, who is…
Categories: Oil news
(AUDIO) INAMEH informa precipitaciones de variada intensidad se estiman en siete estados del territorio nacional
Este viernes 20 de junio en horas de la mañana prevalece nubosidad fragmentada y algunas zonas parcialmente nubladas en gran parte del país; sin embargo, se prevén algunas precipitaciones de variada intensidad, algunas con descargas eléctricas en la Guayana Esequiba, Bolívar, Amazonas, Guárico...
Categories: Venezuelan news
Vicepresidenta Delcy Rodríguez: 24 mil proyectos comunales han sido financiados entre 2024-2025
Entre el 2024 y el 2025 han sido financiados 24 mil proyectos comunales que hoy se encuentran en etapa de seguimiento en la ejecución, "en articulación perfecta entre el Poder Popular y Gobierno Nacional", así lo informó la vicepresidenta Delcy Rodríguez.
Durante el pase t...
Categories: Venezuelan news
China’s Shipments of Rare Earth Magnets Tumble Amid Export Control
China saw its shipments of rare earth magnets to foreign markets crash by 53% in May to the lowest level for any month since February 2020, according to data from the General Administration of Customs cited by Reuters. At the beginning of April, China announced it would curb its exports of dysprosium, gadolinium, scandium, terbium, samarium, yttrium, and lutetium. These so-called “heavy” and “medium” rare earth elements are mostly used in automotive applications, including rotors and motors and transmission…
Categories: Oil news
China’s Shipments of Rare Earth Magnets Tumble Amid Export Control
China saw its shipments of rare earth magnets to foreign markets crash by 53% in May to the lowest level for any month since February 2020, according to data from the General Administration of Customs cited by Reuters. At the beginning of April, China announced it would curb its exports of dysprosium, gadolinium, scandium, terbium, samarium, yttrium, and lutetium. These so-called “heavy” and “medium” rare earth elements are mostly used in automotive applications, including rotors and motors and transmission…
Categories: Oil news