Venezuela’s Oil Production Remained Stable in June, According to OPEC
Venezuela’s oil production saw a slight increase in June, according to the Organization of the Petroleum Exporting Countries’ (OPEC) monthly report.
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What does the OPEC’s annual outlook report, World Oil Outlook 2025, say, and what are its implications for Venezuela?
The oil cartel predicts that the world will need nearly 123 million barrels per day in 25 years, driven by developing economies, despite the rise of electric vehicles and renewable energy.
Colombia Intensifies Efforts to Acquire Monómeros With Minister’s Visit to Caracas
Monómeros is seen by the Colombian Government as a fundamental pillar for agricultural development, food price stability, and regional integration….
Vice President Delcy Rodríguez arrived in Vienna for the OPEC International Seminar
The OPEC International Seminar has established itself as the organization’s premier dialogue forum outside of technical and ministerial meetings. Held periodically in Vienna since 2001, this event brings together energy and oil ministers from member and non-member countries, executives from major oil companies, academics, analysts, and representatives of financial institutions. Its purpose is to discuss trends in the energy market, demand evolution, the energy transition, and the role of fossil fuels in a changing world. This year’s edition, the ninth, takes on special relevance amid geopolitical tensions and growing demands to reduce carbon emissions.
ExxonMobil Returns Part of Stabroek Block to Guyana Amid Esequibo Dispute
US oil company ExxonMobil has returned a portion of the strategic Stabroek Block to the State of Guyana, fulfilling a contractual clause and avoiding areas affected by the territorial dispute with Venezuela. The measure, announced by Guyana’s Ministry of Natural Resources, comes after years of exploration along the Atlantic coast that have transformed Guyana’s economy.
U.S. Court Official Recommends Gold Reserve’s Bid in Auction for Citgo Parent
A U.S. court official overseeing the auction of PDV Holdings, the parent company of Citgo Petroleum, has recommended the $7.38 billion bid.
REUTERS: Venezuela Redirects Oil Exports to China Following U.S. Sanctions
Venezuela’s oil exports rose by 8% in June, reaching an average of 844,000 barrels per day (bpd), driven by a significant increase in shipments to China. The uptick helped offset the country’s loss of access to U.S. and European markets after Washington revoked key licenses.
Venezuela Responds to Guyanese President and Accuses Him of Being the “True Boss” of Gold Smuggling
Facade of the Casa Amarilla in Caracas, headquarters of the Venezuelan Ministry of Foreign Affairs. Photo: Xavier Granja Cedeño Guacamaya,…
Rosneft, Venezuela, and the Geopolitics of Oil: Igor Sechin’s Key Points at the St. Petersburg International Forum
At the 28th St. Petersburg International Economic Forum, Rosneft CEO Igor Sechin delivered a speech reshaping the global narrative on energy and power. Titled *“The Global Economy’s Odyssey for the Golden Fleece,”* his address proposed a strategic vision in which Russia, Iran, and Venezuela form an indispensable axis to ensure planetary energy security.
Javier La Rosa Assumes Global Leadership Role at Chevron from Houston, Overseeing Strategic Assets in the Americas, Asia, Europe, and the Middle East
Chevron restructures its executive leadership with the appointment of Javier La Rosa as President of the BAEC (Base Assets and Emerging Countries) portfolio, a key division encompassing energy operations in critical regions and emerging markets. The company also reaffirms its commitment to social programs in Venezuela.