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08.03.26 - 00:39
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Venezuela′s Gas Potential Could Overshadow Its Famous Oil Reserves (ZeroHedge)
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Venezuela's Gas Potential Could Overshadow Its Famous Oil Reserves
Authored by Felicity Bradstock via OilPrice.com,
While attention is often on Venezuela's vast oil reserves, many experts believe that exploiting its natural gas fields, which were previously neglected, presents a more immediate opportunity for economic success.
Developing Venezuela's gas industry will likely require an energy partnership with neighboring Trinidad and Tobago, as the island nation possesses the necessary infrastructure for processing and exporting the fuel that Venezuela lacks.
Major international companies like Shell and BP are pursuing key Venezuelan gas projects, such as the Dragon and Cocuina fields, a move facilitated by greater leniency on U.S. sanctions.
Following the United States intervention in Venezuela on 3rd January, which brought an end to President Nicolás Maduro's 13-year dictatorship, all eyes have been on the South American country's oil industry. Once one of the world's b...
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07.03.26 - 21:24
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India doesn′t need permission to buy Russian oil, say officials (Times of India)
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India continues to source crude oil from Russia, asserting its right to procure from any supplier based on national interest, affordability, and availability. Government sources clarified that recent US waivers were for domestic audiences, as New Delhi's energy security is not solely dependent on single maritime routes like the Strait of Hormuz, with a significant portion of imports unaffected....
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07.03.26 - 21:15
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What to know about surge in gas, oil prices as Iran turmoil persists (The Hill)
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The growing conflict in Iran, spearheaded by U.S. and Israeli strikes followed by retaliatory attacks by Iran on Gulf partners, has resulted in a surge in domestic gas and oil prices. The U.S. national average for a gallon of regular gasoline jumped 14 percent since last week to $3.41 as of Saturday, according to data......
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07.03.26 - 14:31
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This Weekend | Oil Surges Above $90 Amid Iran Conflict (Bloomberg)
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Michael McKee, Bloomberg News Economics Editor, discusses the recent market volatility as all three major U.S. stock indexes dropped about 1% amid a sharp rise in oil and gas prices with Bloomberg's David Gura, Christina Ruffini on “Bloomberg This Weekend.” (Source: Bloomberg)...
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