Octuber 7, 2024
•The price of barrel of Brent $79,60 7/10 at 7:40 a.m
•West Texas Intermediate (WTI) $76,04 7/10 at 7:39 a.m
▪︎Merey🇻🇪 $54,02 (1 Octuber)
•Natural Gas
2,82 $ per MMBtu 7/10 at 7:39 a.m
•RBOB Gasoline 2,12 $ per Gallone el 7/10 at 7:39 a.m
■ Venezuela rejects Guyana’s fallacious statement on Arbitral Award
The Government of the Bolivarian Republic of Venezuela on Friday rejected the cynical and fallacious statement of the Cooperative Republic of Guyana, on the occasion of the 125th anniversary of the null and void Paris Arbitral Award of October 3, 1899.
The Venezuelan State refers in a statement released on social networks that through the aforementioned Arbitral Award, an attempt was made to dispossess Venezuela of its territory in Essequiba Guyana.
In addition, the Venezuelan government affirms that Guyana continues to lie to the world, desperately seeking to ignore the fact that Venezuela has incontrovertible historical titles to the territory of Guyana Esequiba.
■ Vice President Rodríguez and PDVSA’s board of directors evaluate energy policies
The Vice President of the Bolivarian Republic of Venezuela and Minister of Petroleum, Delcy Rodríguez, led a meeting with the Vice Ministers of Hydrocarbons and members of PDVSA’s Board of Directors. The main objective of the meeting was to evaluate and follow up on the different productive actions of the country’s energy industry.
http://radiomundial.com.ve/vicepresidenta-rodriguez-y-junta-directiva-de-pdvsa-evaluan-politicas-energeticas/
■ Venezuela Lost Citgo, But the Battle’s Not Over Yet
https://finance.yahoo.com/news/venezuela-lost-citgo-battle-not-145400750.html
■ Oil prices dip after strongest weekly rise in over one year
https://finance.yahoo.com/news/oil-pares-gains-strongest-weekly-004038788.html
■ Hundreds of ships are stuck off Singapore. This is nothing new, but it is a huge global problem
Eighty per cent of the world’s cargo is transported by sea and Singapore is the most important port.
This causes huge traffic jams, which are exacerbated by conflicts such as the one in the Red Sea.
■ The head of the International Energy Agency: «The oil market is at risk, and it could get worse»
The oil market had been on a strange oil raft for weeks. After the brutal blow of the Russian invasion of Ukraine, all eyes were on a demand that was – and still is – showing clear signs of weakness. To everyone’s surprise, not even the powder keg in the Middle East was putting a dent in prices. That all changed on Tuesday, with the attack on Israel by Iran, the seventh largest producer and holder of the world’s third largest reserves, which has sent prices soaring and sowed an uneasy sense of unease.
The situation of the oil market is risky, and could become even riskier», warns the director general of the International Energy Agency (IEA), Fatih Birol, in conversation with EL PAÍS.
■ Argentina mobilises all its ports to receive «21st century oil»: could bathe the country in gold
With a view to the expansion of the energy industry based on the so-called 21st century oil in Argentina, a report has revealed the quantity and quality of the country’s ports not only for exporting energy but also for importing inputs and production equipment and for refuelling vessels.
Modaira Rubio en Telegram
Edition #627