Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom tries to claw back lost market share, especially from U.S. shale producers. Last month, OPEC+ announced a third output increase of 411,000 b/d for the month of July, a similar clip…

10 de junio de 2025.- La ONG Provea solicitó este lunes a la administración de Nicolás Maduro que proporcione información oficial y aclare la situación legal del abogado Eduardo Torres, quien lleva un mes detenido sin detalles claros sobre su caso. A través de su cuenta en X, la org...

Texas is pumping natural gas out of the ground and exporting it at a record pace. It may only be the start of another energy boom for the Lone Star State because natural gas demand is growing both globally and at home. Texas produced 34.1 billion cu ft daily of natural gas in March, newly released figures from the Texas Oil and Gas Association showed this week. The association forecast that by May, this will have grown to 34.4 billion cu ft daily. More than half of the March total was exported, at 12.5 billion cu ft daily, with the rest being consumed…

En un fallo histórico, la Corte Suprema de Justicia

Scientists at the Massachusetts Institute of Technology have unveiled a process that generates hydrogen fuel using recycled soda cans and seawater, with overall carbon emissions on par with green hydrogen technologies. This approach relies on a chemical reaction between aluminum in the soda cans and water, which produces hydrogen.  In its natural state, aluminum rapidly forms a thin oxide layer when exposed to air, which prevents any further reaction. To get around this problem, the MIT team used a rare gallium-indium alloy to remove the oxide…

10 de junio de 2025.- El campeón mundial de boxeo de peso pesado Oleksandr Usyk suplicó al presidente estadounidense Donald Trump en una entrevista con CNN Sports que ayudara a Ucrania en su lucha contra una invasión rusa a gran escala. "(Presidente) Donald Trump, por favor, ab...

The computing industry is running out of energy. Though the technology in computer chips has been growing smaller and more energy efficient at a rapid clip for decades, advancements are set to slow down rapidly due to fundamental physical limitations. This is unfortunate timing, as the tech sector’s energy demands (and chip demands) are set to skyrocket as the growth of artificial intelligence’s already prodigious energy footprint outpaces the growth of new energy production capacity.  “The semiconductor industry will soon…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 370,000 barrels in the week ending June 6 after analysts had estimated a 700,000-barrel build. The API reported a 3.3 million barrel inventory decrease in the prior week. So far this year, crude oil inventories are up nearly 18 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR)…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 370,000 barrels in the week ending June 6 after analysts had estimated a 700,000-barrel build. The API reported a 3.3 million barrel inventory decrease in the prior week. So far this year, crude oil inventories are up nearly 18 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR)…

10 de junio de 2025.- La secretaria de Seguridad Nacional de EE.UU., Kristi Noem, condenó este martes los comentarios de la presidenta de México, Claudia Sheinbaum, sobre las protestas que han sacudido Los Ángeles en los últimos días. "Claudia Sheinbaum alentó a que se lleven a cabo más protestas...

US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see "Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates") blunting the impact of its dominations of exports of rare earth metals. China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion. That dwarfed the $170 million of rare earths the…

Russian President Vladimir Putin has extended a ban on the sale of Russian oil and petroleum products to buyers that comply with the Western-imposed price cap, pushing the restriction through the end of 2025. The decree, which first took effect in February 2023, prohibits Russian producers from exporting oil to foreign entities or individuals whose contracts include the $60 per barrel price ceiling set by the so-called Price Cap Coalition—primarily the G7 and EU nations. The goal of the Western policy was to keep Russian oil flowing to global…

Russian President Vladimir Putin has extended a ban on the sale of Russian oil and petroleum products to buyers that comply with the Western-imposed price cap, pushing the restriction through the end of 2025. The decree, which first took effect in February 2023, prohibits Russian producers from exporting oil to foreign entities or individuals whose contracts include the $60 per barrel price ceiling set by the so-called Price Cap Coalition—primarily the G7 and EU nations. The goal of the Western policy was to keep Russian oil flowing to global…

10 de junio de 2025.- Israel "secuestró" a los activistas propalestinos del velero Madleen "en aguas internacionales", acusó este martes Greta Thunberg, a su llegada a un aeropuerto de París tras su expulsión por las autoridades israelíes. La embarcación fue interceptada el lunes cuando intentaba...

Grid upgrades, expansions, and resilience will need trillions of U.S. dollars of investments to catch up with the rising share of renewable energy generation. Governments, especially in Europe, have started to realize that the net-zero ambitions and the cleaner electricity grids will cost much more than initially planned. This decade, renewables generation has been breaking records in Europe every year, solar power surpassed the share of coal generation, and natural gas-fired electricity generation fell for the fifth year running in 2024. Renewables…

10 de junio de 2025.- Los estibadores del puerto italiano de Salerno, en la sureña región de Campania, impidieron el embarque de armamento en el carguero israelí Contship ERA, de la compañía ZIM, destaca hoy un comunicado. De acuerdo con una nota de la Federación Italiana de Trabajadores del Tran...

10 de junio de 2025.- La mañana de este martes 10 de junio, al menos siete personas fueron asesinadas en solo una hora en el distrito Pascuales, al norte de la ciudad, elevando la cifra de muertes violentas en la zona a más de 200 en lo que va del año 2025. La masacre de Pascuales dejó cerca de c...

A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m for 2024, having posted a pre-tax loss of $14.9m in 2023. New accounts filed with Companies House also show its revenue jumped from $320.5m to $537.3m in the year while its headcount also grew from 1,052 to 1,361. The results come after US investment group Apollo agreed to buy OEG Energy…

10 de junio de 2025.- Este martes 10 de junio, arribó al país un nuevo vuelo al Aeropuerto Internacional de Maiquetía Simón Bolívar con 141 migrantes venezolanos provenientes de Estados Unidos, a través del Plan Vuelta a la Patria. Este retorno representa una iniciativa del Gobierno nacional que ...

Via Metal Miner Trump tariffs are back once again putting U.S trade partners in a tough spot. President Donald Trump recently exempted the United Kingdom from his doubling of import tariffs on steel and aluminum into the United States, but only temporarily. While import tariffs from UK steelmakers remain at 25% for now, failure to reach an agreement between the two states on other trade issues by July 9 could see them rise to 50%. This would put the UK in line with the rest of the world.  move came after he announced plans to raise the duties…