Venezuelan oil prices averaged US$67.36 per barrel in the first half of 2026 The Daily Journal.- Venezuelan oil prices ended the first half of 2026 at an average of US$67.36 per barrel, representing a cumulative decline of US$23.11 from the peak reached in April. According to data from the Ministry of Hydrocarbons reported to the […]
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The Daily Journal.- Oil prices rose on Tuesday as negotiations between Iran and the United States to reopen the Strait of Hormuz remained stalled, fueling uncertainty over potential supply shortages in the Middle East. In that context, Brent crude, the benchmark for European markets, reached $90.03 per barrel, climbing 2.6% to its highest level since […]
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The Daily Journal.- Oil prices started the week higher as the market grew increasingly skeptical about a potential agreement in the Middle East to reopen the Strait of Hormuz. North Sea Brent crude for October delivery rose 1.29% to $83.55 per barrel. Its U.S. counterpart, West Texas Intermediate (WTI) crude for September delivery, gained 1.15% […]
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The Daily Journal — Venezuela’s oil exports declined in July as demand from India weakened after the ceasefire in the conflict involving Iran allowed Middle Eastern crude cargoes stranded in the Persian Gulf to reach international markets, Bloomberg reported. July data tracked by Kpler Ltd. show that shipments of Venezuelan crude to India, one of […]
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The Daily Journal — As escalating conflicts in the Middle East severely disrupt crude oil flows through the Persian Gulf and the Red Sea, Indian refineries have begun testing Venezuelan crude as a strategic alternative to secure the country’s energy supply, according to a report published by ETEnergyworld.com. An increase in Houthi attacks on commercial […]
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Audio: https://clyp.it/4ea30czb Julio A. López, Editor-in-Chief.— Physical crude oil prices in the Middle East, Europe, and Africa reached two-month highs this week, with some grades approaching $110 a barrel, as supply disruptions linked to the wars in Iran and Ukraine are forcing buyers to scramble for alternative sources of crude. Brent Breaks Through the $100 Ceiling […]
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The Daily Journal — Foreign ministers from the Association of Southeast Asian Nations (ASEAN) opened a three-day summit in Manila on Tuesday, focusing on the region’s most pressing security challenges amid ongoing conflict in the Middle East and rising tensions in the South China Sea. Following a closed-door meeting in the Philippine capital, the diplomats […]
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Óscar Reyes Matute — An axiom my political theory professors always drilled into me is that if you find yourself analyzing a conflict in full swing, you must never trust the statements of heads of state, diplomats, or the warring parties. On the cold chessboard of power, you have to look at what they do, […]
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The Daily Journal — The White House issued an official statement signed by President Donald J. Trump, confirming the cancellation of the airstrikes and tactical bombing operations against Iran that military planners had scheduled for Thursday night. The decision follows a major diplomatic breakthrough with Iran’s highest-ranking leadership. The official presidential statement notes that key […]
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