Carlos Mendoza Potellá said Venezuelan oil production will not recover quickly The Daily Journal.- Economist and oil industry expert Carlos Mendoza Potellá said Venezuela has approximately 17,000 abandoned oil wells that the country could reactivate; however, he warned that the process could take years. “We have 17,000 production-capable wells that we abandoned a long time […]
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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.- Oil prices rose on Friday amid growing uncertainty over a potential agreement between Iran and Oman to reopen the Strait of Hormuz. The market, which had hoped for an imminent solution earlier in the week, turned nervous again after Tehran signaled its intention to ban U.S. and Israeli vessels from passing through […]
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The Daily Journal — Chevron expects to increase its oil production in Venezuela by 15% over the next 18 to 24 months as the Trump administration seeks to expand investment by U.S. energy companies in the country. Chevron’s joint ventures in Venezuela currently produce about 280,000 barrels per day, Chief Financial Officer Eimear Bonner said. […]
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Audio: https://clyp.it/sleaff2l Julio A. López, Editor-in-Chief.— Two oil tankers carrying Saudi crude bound for China and India reversed course in the Red Sea on Tuesday after Yemen’s Houthis announced a naval blockade against Saudi Arabia on Monday, opening a third active front in the U.S.-Iran war and directly hitting the kingdom’s last remaining escape route for […]
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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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Audio: https://clyp.it/p2koe0pw Julio A. López, Editor-in-Chief .— Chevron is set to sign preliminary agreements to invest in two Iraqi oil fields and join a consortium of investors studying the construction of a pipeline linking Iraq’s oil-producing basin to Syria’s Mediterranean coast, specifically the port of Baniyas. The Context: Iraq, the Most Exposed Iraq — the second-largest […]
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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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