Oil prices dipped on Friday, marking the second consecutive week of losses. Brent crude futures settled at $71.12 per barrel, while US West Texas Intermediate crude futures closed at $67.20 per barrel, both showing a decline of over 1%. This downward trend comes as the OPEC+ alliance, which includes major oil-producing nations, decided to postpone … Read more
The Port of Los Angeles has reclaimed its position as the nation’s busiest port, securing the top spot for the second consecutive month and the third time in the last four months, according to the latest U.S. Census Bureau data released for October. This resurgence marks a shift after Port Laredo held the top ranking … Read more
Havana’s Energy Woes Deepen Despite Boosted Venezuelan Oil Supply Cuba is struggling with ongoing energy shortages despite triple-digit increases in Venezuelan oil shipments. This dire situation, highlighted by recent Jet A-1 fuel shortages that grounded civil aviation, underscores the fragility of Cuba’s energy infrastructure. Earlier this month, Venezuela sent 38,000 barrels per day to the … Read more
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Oil Prices Dip Amidst Escalating Ukraine War and OPEC+ Production Plans Global oil markets saw a slight downturn on Friday, with Brent crude futures closing at $72.94 per barrel and U.S. West Texas Intermediate crude futures settling at $68. This decline, marking a roughly 3% weekly loss, comes against the backdrop of a tense geopolitical … Read more
“For electricity, we have said that if there are increases, there will be our intervention. We will see the intervention, with the criteria we set each time”. With this laconic phrase, Minister of State Makis Voridis spoke to MEGA today, on the subject of electricity subsidies, against the backdrop of wholesale prices that are increasing … Read more
Mexico City. The Mexican government anticipates that the Mexican economy will grow between 2 and 3 percent next year, indicate the General Economic Policy Criteria for 2025 presented this Friday by the Ministry of Finance and Public Credit (SHCP). This estimate remains unchanged with respect to the Pre Criteria that were presented in April of … Read more
Oil inventories recorded a surprising increase last week, according to data released Wednesday by the US Energy Information Administration (EIA), which also showed a decline in production. Commercial crude inventories rose 500,000 barrels in the week ended November 15, while analysts had expected a slight decline of 85,000 barrels. Part of this increase is due … Read more
Just: Oil prices rose at Monday’s trade settlement, supported by geopolitical tensions in Europe. Brent crude futures contracts increased by around $2.26, equivalent to 3.2%, to reach $73.30 per barrel, registering the highest level in 6 sessions. US Nymex crude futures rose by $2.14, or 3.2%, to reach $69.16 a barrel in settlement. Investors are … Read more
Cairo – Live: Austrian Chancellor Karl Nehmer confirmed that the Russian company “Gazprom” has stopped the delivery of gas to the Austrian National Oil and Gas Company. “OMV” Starting today, Saturday. Nehmer said in his statements today: “I can promise citizens that no one will freeze in Austria due to the lack of gas, and … Read more