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#OilEdgesHigher 🛢️ OIL NEWS: Massive increase in reserves in the U.S. and pressure in the market The energy market remains under pressure following the latest macro data: 📊 1. Crude inventories jump According to the API report (American Petroleum Institute), U.S. crude inventories increased by 11.4 million barrels in the week ended February 20. The figure far exceeded market expectations (a modest rise of just 1.9 million was expected). ⛽ 2. Gasoline and distillates fall Despite an oversupply of crude, inventories of refined products such as gasoline and distillates showed declines, maintaining a certain divergence in the supply/demand balance. 🌐 3. Tariffs and trade policy Macroeconomic uncertainty is rising after the global import tariff, driven by the U.S. administration, took effect, along with plans to raise it from 10% to 15%. 🏛️ 4. OPEC+ in focus Traders are focusing on the OPEC+ meeting on March 1. Although the balances suggest the market does not need more barrels, ING analysts expect the group could resume supply increases starting in April. 🤔 How do you see the impact on the markets? Do you think this oversupply will pull oil prices lower? what I think is that if there is another conflict on $BZ {future}(BZUSDT) and the $CL it will go back up. #petróleo {future}(CLUSDT) #CrudeOil #trading 👇 Leave your opinion in the comments!
#OilEdgesHigher
🛢️ OIL NEWS: Massive increase in reserves in the U.S. and pressure in the market

The energy market remains under pressure following the latest macro data:

📊 1. Crude inventories jump
According to the API report (American Petroleum Institute), U.S. crude inventories increased by 11.4 million barrels in the week ended February 20. The figure far exceeded market expectations (a modest rise of just 1.9 million was expected).

⛽ 2. Gasoline and distillates fall
Despite an oversupply of crude, inventories of refined products such as gasoline and distillates showed declines, maintaining a certain divergence in the supply/demand balance.

🌐 3. Tariffs and trade policy
Macroeconomic uncertainty is rising after the global import tariff, driven by the U.S. administration, took effect, along with plans to raise it from 10% to 15%.

🏛️ 4. OPEC+ in focus
Traders are focusing on the OPEC+ meeting on March 1. Although the balances suggest the market does not need more barrels, ING analysts expect the group could resume supply increases starting in April.

🤔 How do you see the impact on the markets?
Do you think this oversupply will pull oil prices lower?

what I think is that if there is another conflict on $BZ
and the $CL it will go back up.
#petróleo
#CrudeOil #trading
👇 Leave your opinion in the comments!
Article
U.S. oil commercial inventories surge on import reboundsoar on surge in imports The U.S. Energy Information Administration (EIA) logged more than 7.3 million barrels of crude imported per day over the seven-day period ended August 7. Crude oil imports into the United States reached an unprecedented level last week since November 2024, triggering a sharp increase in commercial inventories, according to official data published on Wednesday. The U.S. Energy Information Administration (EIA) logged more than 7.3 million barrels of crude imported per day over the seven-day period ended August 7.

U.S. oil commercial inventories surge on import rebound

soar on surge in imports
The U.S. Energy Information Administration (EIA) logged more than 7.3 million barrels of crude imported per day over the seven-day period ended August 7.
Crude oil imports into the United States reached an unprecedented level last week since November 2024, triggering a sharp increase in commercial inventories, according to official data published on Wednesday.
The U.S. Energy Information Administration (EIA) logged more than 7.3 million barrels of crude imported per day over the seven-day period ended August 7.
Article
IEA forecasts a reduction in global oil supply due to the US and Iran warOil consumption has contracted by 4.9 mb/d during the second quarter and will do so by 2.8 mb/d in the third quarter, before expecting a slight recovery of 580,000 barrels per day in the last three months of the year. This trend should continue in 2027, with a pull of 2.4 mb/d. The International Energy Agency (IEA) has substantially revised down its forecast for global oil supply for the rest of this year, due to the impact of the resumption of hostilities in July between the United States and Iran, which hampers traffic through the Strait of Hormuz.

IEA forecasts a reduction in global oil supply due to the US and Iran war

Oil consumption has contracted by 4.9 mb/d during the second quarter and will do so by 2.8 mb/d in the third quarter, before expecting a slight recovery of 580,000 barrels per day in the last three months of the year. This trend should continue in 2027, with a pull of 2.4 mb/d.
The International Energy Agency (IEA) has substantially revised down its forecast for global oil supply for the rest of this year, due to the impact of the resumption of hostilities in July between the United States and Iran, which hampers traffic through the Strait of Hormuz.
Article
Up 14,000 bpd: Venezuela reported to OPEC production of 1,200,000 barrels per day in JulyOPEC secondary sources place Venezuelan oil production at an average of 1,117,000 barrels per day (bpd), with a monthly increase of 13,000 bpd. Venezuelan oil production rose to 1,200,000 barrels per day (bpd) in July, due to an average increase of 14,000 barrels per day (bpd) compared with the June close, according to the most recent monthly report from the Organization of the Petroleum Exporting Countries (OPEC), released on August 12. According to information provided by the Government of Venezuela to OPEC, the country produced 33,000 barrels per day above the average for the second quarter of 2026, which stood at 1,167,000 bpd.

Up 14,000 bpd: Venezuela reported to OPEC production of 1,200,000 barrels per day in July

OPEC secondary sources place Venezuelan oil production at an average of 1,117,000 barrels per day (bpd), with a monthly increase of 13,000 bpd.
Venezuelan oil production rose to 1,200,000 barrels per day (bpd) in July, due to an average increase of 14,000 barrels per day (bpd) compared with the June close, according to the most recent monthly report from the Organization of the Petroleum Exporting Countries (OPEC), released on August 12.
According to information provided by the Government of Venezuela to OPEC, the country produced 33,000 barrels per day above the average for the second quarter of 2026, which stood at 1,167,000 bpd.
Verified
Bloomberg: U.S. businessman sold his stake in an oil company in Venezuela The deal was signed last Friday afternoon, shortly before the U.S. Treasury Department notified the energy executive’s lawyer, Harry Sargeant III, of various actions regarding his company. Florida-based magnate and energy businessman Harry Sargeant III agreed to sell his holdings in Venezuela’s second-largest oil producer, after receiving “heavy pressure” from the U.S. to carry out his exit. According to Bloomberg, sources connected to the transaction said that last Friday, Sargeant III signed an agreement worth US$300 million to sell Bluewave Properties Ltd., in which he held a minority stake in North American Blue Energy Partners (NABEP). The sources added that the buyer would have been someone close to Venezuelan businessman Alejandro Betancourt, who is the majority shareholder of the NABEP consortium. Harry Sargeant III was under “intense pressure” from the U.S. government under President Donald Trump to get rid of his stake in the company in Venezuela. In that regard, the U.S. Treasury Department froze the assets of Bluewave Properties Ltd., and an independent license from the U.S. agency allowed the businessman to dispose of his interests in the corporation. It is important to note that Bluewave Properties Ltd. is not on the sanctions list until Monday. However, the company operates as if it were sanctioned, according to the sources cited by the international outlet. #EEUU #venezuela #petróleo #petróleo #caracasvenezuela $CL $BZ $NATGAS
Bloomberg: U.S. businessman sold his stake in an oil company in Venezuela

The deal was signed last Friday afternoon, shortly before the U.S. Treasury Department notified the energy executive’s lawyer, Harry Sargeant III, of various actions regarding his company.

Florida-based magnate and energy businessman Harry Sargeant III agreed to sell his holdings in Venezuela’s second-largest oil producer, after receiving “heavy pressure” from the U.S. to carry out his exit.

According to Bloomberg, sources connected to the transaction said that last Friday, Sargeant III signed an agreement worth US$300 million to sell Bluewave Properties Ltd., in which he held a minority stake in North American Blue Energy Partners (NABEP).

The sources added that the buyer would have been someone close to Venezuelan businessman Alejandro Betancourt, who is the majority shareholder of the NABEP consortium.

Harry Sargeant III was under “intense pressure” from the U.S. government under President Donald Trump to get rid of his stake in the company in Venezuela.

In that regard, the U.S. Treasury Department froze the assets of Bluewave Properties Ltd., and an independent license from the U.S. agency allowed the businessman to dispose of his interests in the corporation.

It is important to note that Bluewave Properties Ltd. is not on the sanctions list until Monday. However, the company operates as if it were sanctioned, according to the sources cited by the international outlet.

#EEUU #venezuela #petróleo #petróleo #caracasvenezuela $CL $BZ $NATGAS
Article
An attack on Libya’s main refinery destroyed a tank holding 4.5 million litersof gasoline The complex, located about 45 kilometers from Tripoli, has the capacity to process 120,000 barrels per day and had already been attacked over the weekend Fire consumes a tank holding 4.5 million liters of gasoline at Libya’s main refinery, affected by an attack that destroyed the infrastructure. An attack on the Zawiya refinery, Libya’s main one, on Monday sparked a large-scale fire and the collapse of a tank containing 4.5 million liters of gasoline, in an episode that again struck a key infrastructure for energy supplies in the west of the country. The complex, located about 45 kilometers from Tripoli, has the capacity to process 120,000 barrels per day and had already been hit by another attack over the weekend.

An attack on Libya’s main refinery destroyed a tank holding 4.5 million liters

of gasoline
The complex, located about 45 kilometers from Tripoli, has the capacity to process 120,000 barrels per day and had already been attacked over the weekend
Fire consumes a tank holding 4.5 million liters of gasoline at Libya’s main refinery, affected by an attack that destroyed the infrastructure.
An attack on the Zawiya refinery, Libya’s main one, on Monday sparked a large-scale fire and the collapse of a tank containing 4.5 million liters of gasoline, in an episode that again struck a key infrastructure for energy supplies in the west of the country. The complex, located about 45 kilometers from Tripoli, has the capacity to process 120,000 barrels per day and had already been hit by another attack over the weekend.
India's ONGC expects to soon sign agreements with Venezuela to operate two oil blocks Anupam Agarwal, CFO of Indian energy company ONGC, highlighted that they now have the freedom to work on Venezuela's oil projects. India's largest state-owned oil exploration and production company, Oil and Natural Gas Corp (ONGC), expects to soon sign agreements with Venezuela in order to operate two oil blocks under the new Hydrocarbons Law, recently approved by the Venezuelan Parliament. According to Reuters, ONGC has a 40% stake in the San Cristóbal field, as well as an 18% interest, together with other Indian companies, in the Carabobo-1 project. ONGC's CFO, Anupam Agarwal, said during a telephone conference with analysts after the company's second-quarter results presentation that “we now have full freedom to work on Venezuela projects.” “Previously, we were limiting our operations there due to the risk related to sanctions,” he added, while noting that the Caribbean nation offered additional incentives under its new hydrocarbons regulations. The Indian businessman said they believe “very soon we will see some positive developments, the signing of the new agreements, and the fact that we will take over the operation of some of those projects that are currently managed by PDVSA.” #petróleo #PDVSA #venezuela #India #market $CL $BZ $NATGAS
India's ONGC expects to soon sign agreements with Venezuela to operate two oil blocks

Anupam Agarwal, CFO of Indian energy company ONGC, highlighted that they now have the freedom to work on Venezuela's oil projects.

India's largest state-owned oil exploration and production company, Oil and Natural Gas Corp (ONGC), expects to soon sign agreements with Venezuela in order to operate two oil blocks under the new Hydrocarbons Law, recently approved by the Venezuelan Parliament.

According to Reuters, ONGC has a 40% stake in the San Cristóbal field, as well as an 18% interest, together with other Indian companies, in the Carabobo-1 project.

ONGC's CFO, Anupam Agarwal, said during a telephone conference with analysts after the company's second-quarter results presentation that “we now have full freedom to work on Venezuela projects.”

“Previously, we were limiting our operations there due to the risk related to sanctions,” he added, while noting that the Caribbean nation offered additional incentives under its new hydrocarbons regulations.

The Indian businessman said they believe “very soon we will see some positive developments, the signing of the new agreements, and the fact that we will take over the operation of some of those projects that are currently managed by PDVSA.”

#petróleo #PDVSA #venezuela #India #market $CL $BZ $NATGAS
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Bearish
Partly True
🛢️ Oil falls 9%: What’s happening and why it matters? A drop of this magnitude in the price of oil usually grabs the attention of markets because it can affect multiple sectors of the economy. 📉 When oil drops sharply, some possible effects are: ✅ Lower costs for industries that depend on transportation and energy. ✅ Pressure on the shares of oil companies. ✅ Changes in inflation expectations. ✅ Higher volatility in financial markets. However, a decline isn’t always bad news. It’s important to understand what’s causing it: 🔹 Has oil supply increased? 🔹 Is global demand expected to be lower? 🔹 Were there geopolitical factors or decisions by major producers? As investors, we shouldn’t react only to the headline. Analyzing the context behind the move is what makes the difference between speculating and making informed decisions. 💡 Big moves in oil often impact stocks, commodities, currencies, and even, indirectly, the cryptocurrency market. 👇 Do you think this drop is a buying opportunity or the start of a bearish trend? I’d love to hear your thoughts in the comments! #oilcrashes9% #Petróleo #Mercados
🛢️ Oil falls 9%: What’s happening and why it matters?
A drop of this magnitude in the price of oil usually grabs the attention of markets because it can affect multiple sectors of the economy.

📉 When oil drops sharply, some possible effects are:
✅ Lower costs for industries that depend on transportation and energy.
✅ Pressure on the shares of oil companies.
✅ Changes in inflation expectations.
✅ Higher volatility in financial markets.

However, a decline isn’t always bad news. It’s important to understand what’s causing it:
🔹 Has oil supply increased?
🔹 Is global demand expected to be lower?
🔹 Were there geopolitical factors or decisions by major producers?
As investors, we shouldn’t react only to the headline. Analyzing the context behind the move is what makes the difference between speculating and making informed decisions.

💡 Big moves in oil often impact stocks, commodities, currencies, and even, indirectly, the cryptocurrency market.

👇 Do you think this drop is a buying opportunity or the start of a bearish trend? I’d love to hear your thoughts in the comments!
#oilcrashes9% #Petróleo #Mercados
Article
OPEC+ increases its oil production quota for September by 188,000 barrels per dayMembers of OPEC+ will maintain for the sixth consecutive month their strategy of increasing oil supply. The alliance of the Organization of the Petroleum Exporting Countries (OPEC+), led by Saudi Arabia and Russia, has decided this Sunday to maintain for the sixth consecutive month its strategy of increasing oil supply, adding 188,000 more barrels to the market starting in September, an increase limited by the current difficulty of moving crude due to the war in the Middle East. Saudi Arabia, Russia, and five other members of the organization met online and decided to increase their oil production quotas for the month of September.

OPEC+ increases its oil production quota for September by 188,000 barrels per day

Members of OPEC+ will maintain for the sixth consecutive month their strategy of increasing oil supply.
The alliance of the Organization of the Petroleum Exporting Countries (OPEC+), led by Saudi Arabia and Russia, has decided this Sunday to maintain for the sixth consecutive month its strategy of increasing oil supply, adding 188,000 more barrels to the market starting in September, an increase limited by the current difficulty of moving crude due to the war in the Middle East.
Saudi Arabia, Russia, and five other members of the organization met online and decided to increase their oil production quotas for the month of September.
The Sergipe Alagoas Basin gained prominence in the oil and gas sector after the identification of significant deep-water reserves. Previously considered a less relevant area compared to other producing regions in the country, the basin took center stage with recent discoveries carried out by the #petrobras s, which experts point to as the largest Brazilian discovery since the pre-salt era. The project, officially known as Sergipe Deep Waters (Sergipe Águas Profundas), brings together reservoirs with estimates ranging from 5.8 billion to 24.4 billion cubic meters of natural gas in place, according to the assessed area. In addition to the production potential of #petróleo a, the expectation is that the venture may add up to 18 million cubic meters of natural gas per day to the national grid, strengthening the country’s energy supply. In 2026, the project received approval for an investment of about 60 billion reais. The plan includes the installation of two large production platforms, with the potential to extract, over the life of the field, more than 1 billion barrels of oil equivalent, consolidating the region as one of the main frontiers for oil and gas extraction in the #brasil
The Sergipe Alagoas Basin gained prominence in the oil and gas sector after the identification of significant deep-water reserves. Previously considered a less relevant area compared to other producing regions in the country, the basin took center stage with recent discoveries carried out by the #petrobras s, which experts point to as the largest Brazilian discovery since the pre-salt era.

The project, officially known as Sergipe Deep Waters (Sergipe Águas Profundas), brings together reservoirs with estimates ranging from 5.8 billion to 24.4 billion cubic meters of natural gas in place, according to the assessed area. In addition to the production potential of #petróleo a, the expectation is that the venture may add up to 18 million cubic meters of natural gas per day to the national grid, strengthening the country’s energy supply.

In 2026, the project received approval for an investment of about 60 billion reais. The plan includes the installation of two large production platforms, with the potential to extract, over the life of the field, more than 1 billion barrels of oil equivalent, consolidating the region as one of the main frontiers for oil and gas extraction in the #brasil
Verified
Reuters: Venezuela’s refineries demand a multi-billion-dollar investment to operate The attention of Venezuelan authorities is focused on addressing the damage left by the earthquakes in the country. An investigation published by Reuters revealed that the Paraguaná Refining Center is currently operating at a minimal fraction of its installed capacity. The report highlights that this complex in Falcón state, made up of the Amuay and Cardón refineries, has the potential to process 955,000 barrels of oil per day, but a lack of maintenance and widespread deterioration prevent it from producing enough fuel. According to data collected by Reuters with energy policy analyst Oswaldo Felizzola and various industry experts, fully restoring Venezuela’s refining capacity requires an investment of at least $20 billion. Deterioration and lack of maintenance at the Amuay refinery Workers at the industrial complex report a critical condition in Amuay’s structures, the country’s largest refining plant with capacity for 645,000 barrels per day. Operational areas look rusted and neglected, with waste pits in the open air at the limit of their capacity and constant leaks in pipelines and valve stations. These recurring technical failures prevent the continuous processing of hydrocarbons and worsen the gasoline shortage across the national territory. Government priorities and investment delays until 2027 The attention of Venezuelan authorities is focused on addressing the damage left by the earthquakes in the country—events that caused more than 5,000 deaths and massive material losses. For this reason, the injection of capital into the refineries will be postponed at least until 2027. The official focus is exclusively on the extraction and export of crude oil, leaving refineries at the bottom of budgetary priorities. #TerremotoEnVenezuela #petróleo #venezuela #Inversiones #economy $BZ
Reuters: Venezuela’s refineries demand a multi-billion-dollar investment to operate

The attention of Venezuelan authorities is focused on addressing the damage left by the earthquakes in the country.
An investigation published by Reuters revealed that the Paraguaná Refining Center is currently operating at a minimal fraction of its installed capacity.

The report highlights that this complex in Falcón state, made up of the Amuay and Cardón refineries, has the potential to process 955,000 barrels of oil per day, but a lack of maintenance and widespread deterioration prevent it from producing enough fuel.
According to data collected by Reuters with energy policy analyst Oswaldo Felizzola and various industry experts, fully restoring Venezuela’s refining capacity requires an investment of at least $20 billion.

Deterioration and lack of maintenance at the Amuay refinery

Workers at the industrial complex report a critical condition in Amuay’s structures, the country’s largest refining plant with capacity for 645,000 barrels per day.
Operational areas look rusted and neglected, with waste pits in the open air at the limit of their capacity and constant leaks in pipelines and valve stations. These recurring technical failures prevent the continuous processing of hydrocarbons and worsen the gasoline shortage across the national territory.

Government priorities and investment delays until 2027

The attention of Venezuelan authorities is focused on addressing the damage left by the earthquakes in the country—events that caused more than 5,000 deaths and massive material losses. For this reason, the injection of capital into the refineries will be postponed at least until 2027.
The official focus is exclusively on the extraction and export of crude oil, leaving refineries at the bottom of budgetary priorities.

#TerremotoEnVenezuela #petróleo #venezuela #Inversiones #economy $BZ
Article
Venezuelan crude shipments to Texas surge to cover a Middle East shortfallCrude export revenues, which in April alone generated about $3.7 billion and currently remain in accounts managed by the United States, could prove decisive in funding reconstruction efforts and humanitarian aid. Refineries on the Gulf Coast are seeing a strong rebound in imports of heavy crude oil from Venezuela, which represents a crucial easing compared with the historic energy supply shock caused by the war in Iran.

Venezuelan crude shipments to Texas surge to cover a Middle East shortfall

Crude export revenues, which in April alone generated about $3.7 billion and currently remain in accounts managed by the United States, could prove decisive in funding reconstruction efforts and humanitarian aid.
Refineries on the Gulf Coast are seeing a strong rebound in imports of heavy crude oil from Venezuela, which represents a crucial easing compared with the historic energy supply shock caused by the war in Iran.
Verified
US refineries increase imports of Venezuelan oil due to risk of supply disruptions in Canada US refineries’ imports of oil from Venezuela are on track to reach 804,000 barrels per day (bpd). American refineries are buying the largest amount of Venezuelan oil in nearly a decade, due to the threat of wildfires in Canada that could jeopardize crude supply. Refineries located from Texas to Louisiana “are operating at full capacity,” and imports of Venezuelan oil are set to arrive at 804,000 barrels per day in shipments expected to land this month—the highest level since 2017, according to data obtained by Bloomberg. Higher demand for Venezuelan oil has given a major boost to prices on the US Gulf of Mexico coast, since in May deals were being made at a discount of US$15 per barrel versus ICE Brent, and now that discount has narrowed to about US$10. US refineries are turning to Venezuelan oil to protect themselves against a possible crude supply disruption from Canada, stemming from wildfires in that country. In that regard, the heat and drought that can follow the fires force workers to leave their workspaces, leading to reduced production of heavy crude and, in some cases, preventing oil from being supplied to refineries. Most of the Venezuelan oil is currently marketed by the commodity giants Trafigura Group and Vitol Group. #petróleo #Canada #venezuela #EEUU #oil $CL $BZ $NATGAS
US refineries increase imports of Venezuelan oil due to risk of supply disruptions in Canada

US refineries’ imports of oil from Venezuela are on track to reach 804,000 barrels per day (bpd).

American refineries are buying the largest amount of Venezuelan oil in nearly a decade, due to the threat of wildfires in Canada that could jeopardize crude supply.

Refineries located from Texas to Louisiana “are operating at full capacity,” and imports of Venezuelan oil are set to arrive at 804,000 barrels per day in shipments expected to land this month—the highest level since 2017, according to data obtained by Bloomberg.

Higher demand for Venezuelan oil has given a major boost to prices on the US Gulf of Mexico coast, since in May deals were being made at a discount of US$15 per barrel versus ICE Brent, and now that discount has narrowed to about US$10.

US refineries are turning to Venezuelan oil to protect themselves against a possible crude supply disruption from Canada, stemming from wildfires in that country.

In that regard, the heat and drought that can follow the fires force workers to leave their workspaces, leading to reduced production of heavy crude and, in some cases, preventing oil from being supplied to refineries.

Most of the Venezuelan oil is currently marketed by the commodity giants Trafigura Group and Vitol Group.

#petróleo #Canada #venezuela #EEUU #oil $CL $BZ $NATGAS
Article
Venezuelan oil exports to the U.S. hit their highest average in nine yearsThe most recent volume of oil exports reported by the EIA strengthened Venezuela's position as the second-largest supplier of crude oil to the United States, behind only Canada. Venezuelan oil exports to the United States recorded a four-week moving average of 614,000 barrels per day in the seven days ended July 17, a figure that marks the highest level of this indicator in nine years, according to preliminary data from the Energy Information Administration (EIA).

Venezuelan oil exports to the U.S. hit their highest average in nine years

The most recent volume of oil exports reported by the EIA strengthened Venezuela's position as the second-largest supplier of crude oil to the United States, behind only Canada.
Venezuelan oil exports to the United States recorded a four-week moving average of 614,000 barrels per day in the seven days ended July 17, a figure that marks the highest level of this indicator in nine years, according to preliminary data from the Energy Information Administration (EIA).
Verified
Large houses no longer want intermediaries. According to Reuters, refineries are buying Venezuelan crude directly from PDVSA. They bypass traders like Trafigura and Vitol. This isn’t minor. Before, those intermediaries controlled a good part of the business. Now the margins go elsewhere. The question is whether this accelerates production in Venezuela or simply changes who keeps the profit. $XAU #Petróleo #Geopolitics
Large houses no longer want intermediaries.

According to Reuters, refineries are buying Venezuelan crude directly from PDVSA.

They bypass traders like Trafigura and Vitol.

This isn’t minor.

Before, those intermediaries controlled a good part of the business.

Now the margins go elsewhere.

The question is whether this accelerates production in Venezuela or simply changes who keeps the profit.

$XAU

#Petróleo #Geopolitics
Article
Reuters: Refineries pressure traders to secure a larger share of oilVenezuelan Companies such as Chevron, Repsol, and Eni are among the energy firms that this year have announced the expansion of their oil and gas projects in Venezuela. Refineries and oil companies in the United States are gaining market share in Venezuelan oil as they sign agreements directly with Petróleos de Venezuela S.A. (PDVSA) to invest in the sector. According to Reuters, this move could challenge the companies that reached agreements with the government of the acting president of Venezuela, Delcy Rodríguez, earlier to trade Venezuelan crude.

Reuters: Refineries pressure traders to secure a larger share of oil

Venezuelan
Companies such as Chevron, Repsol, and Eni are among the energy firms that this year have announced the expansion of their oil and gas projects in Venezuela.
Refineries and oil companies in the United States are gaining market share in Venezuelan oil as they sign agreements directly with Petróleos de Venezuela S.A. (PDVSA) to invest in the sector.
According to Reuters, this move could challenge the companies that reached agreements with the government of the acting president of Venezuela, Delcy Rodríguez, earlier to trade Venezuelan crude.
Partly True
Canadian New Stratus Energy explores five oil deals in Venezuela The company is evaluating the acquisition of stakes in joint ventures with PDVSA and signing new production-sharing contracts. Canadian energy company New Stratus Energy (NSE) announced that it is exploring five opportunities to acquire oil and gas assets in Venezuela. NSE is negotiating directly with U.S. oil service, operating, and financial companies to sign memorandums of understanding that will lead to contracts with the state-owned company Petróleos de Venezuela S.A. (Pdvsa), as contemplated in the Hydrocarbons Law Reform. The Canadian company is assessing the acquisition of stakes in joint ventures with PDVSA and signing new production-sharing contracts to operate oil fields managed by the Venezuelan energy company. “Since the U.S. government lifted all sanctions imposed at the beginning of this year, NSE has been analyzing and prioritizing oil and gas assets based on recoverable reserves, production potential, and the state of the infrastructure, together with its U.S. partners,” the company said in a corporate statement. New Stratus Energy will carry out a private placement of common shares for an amount of up to CAD 7 million (approximately USD 5 million). The funds will be used to move forward with due diligence in Venezuela, according to BNAméricas. #petróleo #Canada #venezuela #caracasvenezuela #Venezuela2026 $CL $BZ $NATGAS
Canadian New Stratus Energy explores five oil deals in Venezuela

The company is evaluating the acquisition of stakes in joint ventures with PDVSA and signing new production-sharing contracts.

Canadian energy company New Stratus Energy (NSE) announced that it is exploring five opportunities to acquire oil and gas assets in Venezuela.

NSE is negotiating directly with U.S. oil service, operating, and financial companies to sign memorandums of understanding that will lead to contracts with the state-owned company Petróleos de Venezuela S.A. (Pdvsa), as contemplated in the Hydrocarbons Law Reform.

The Canadian company is assessing the acquisition of stakes in joint ventures with PDVSA and signing new production-sharing contracts to operate oil fields managed by the Venezuelan energy company.

“Since the U.S. government lifted all sanctions imposed at the beginning of this year, NSE has been analyzing and prioritizing oil and gas assets based on recoverable reserves, production potential, and the state of the infrastructure, together with its U.S. partners,” the company said in a corporate statement.

New Stratus Energy will carry out a private placement of common shares for an amount of up to CAD 7 million (approximately USD 5 million). The funds will be used to move forward with due diligence in Venezuela, according to BNAméricas.

#petróleo #Canada #venezuela #caracasvenezuela #Venezuela2026 $CL $BZ $NATGAS
Article
Specialized oil-drilling equipment is unloaded in Venezuela from BrazilThe equipment arrived aboard the MV. BBC RIO vessel coming from Brazil, which disembarked at berth 5 of the Port of Guanta, in Anzoátegui. A ship coming from Brazil docked in Venezuela with specialized equipment for oil drilling. The MV. BBC RIO vessel unloaded at berth 5 of the Port of Guanta, in the state of Anzoátegui, where maneuvers were carried out to transfer the materials received. 271 cargo pieces entered the country with components for crude oil drilling, weighing 2,147.95 tons. Likewise, a 40-foot container was received with 17.70 tons of supplies for the energy sector.

Specialized oil-drilling equipment is unloaded in Venezuela from Brazil

The equipment arrived aboard the MV. BBC RIO vessel coming from Brazil, which disembarked at berth 5 of the Port of Guanta, in Anzoátegui.
A ship coming from Brazil docked in Venezuela with specialized equipment for oil drilling. The MV. BBC RIO vessel unloaded at berth 5 of the Port of Guanta, in the state of Anzoátegui, where maneuvers were carried out to transfer the materials received.
271 cargo pieces entered the country with components for crude oil drilling, weighing 2,147.95 tons. Likewise, a 40-foot container was received with 17.70 tons of supplies for the energy sector.
Article
New Tax Regime for Hydrocarbons: Impacts and ProspectsThe application of these tax resolutions to hydrocarbons will require the actors in the Venezuelan market to carry out rigorous financial planning. The fiscal dynamics of Venezuela’s oil industry are undergoing a significant restructuring following the recent publication in the Official Gazette No. 43,410, dated July 7, 2026, which introduces determining regulations on the Integrated Tax on Hydrocarbons (IIH) and the royalties scheme. According to a technical analysis by the consulting firm PwC Venezuela, these ministerial resolutions (002/2026 and 024/2026) propose a new paradigm for fiscal participation that will directly impact both operators of primary activities and the network of specialized service providers.

New Tax Regime for Hydrocarbons: Impacts and Prospects

The application of these tax resolutions to hydrocarbons will require the actors in the Venezuelan market to carry out rigorous financial planning.
The fiscal dynamics of Venezuela’s oil industry are undergoing a significant restructuring following the recent publication in the Official Gazette No. 43,410, dated July 7, 2026, which introduces determining regulations on the Integrated Tax on Hydrocarbons (IIH) and the royalties scheme.
According to a technical analysis by the consulting firm PwC Venezuela, these ministerial resolutions (002/2026 and 024/2026) propose a new paradigm for fiscal participation that will directly impact both operators of primary activities and the network of specialized service providers.
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🇯🇵 Japan's crude oil reserves hit the biggest drop in the country's history. 🚨 **HISTORICAL:** Japan reports the largest decrease in its crude oil reserves ever, raising alarms about the energy security of the world's third-largest economy. The Asian nation has had to heavily tap into its emergency strategic inventories. This drastic measure aims to stabilize local prices and ensure supply amidst rising volatility in global markets and intense geopolitical tensions. With this unprecedented move, Japanese reserves have plummeted to historic lows, sparking a heated debate about the vulnerability of a nation that relies almost entirely on crude imports to keep its industrial engine running. 🇯🇵🛢️ #petróleo #japon #Inversiones #Asia #mercado $CL $BZ
🇯🇵 Japan's crude oil reserves hit the biggest drop in the country's history.

🚨 **HISTORICAL:** Japan reports the largest decrease in its crude oil reserves ever, raising alarms about the energy security of the world's third-largest economy.

The Asian nation has had to heavily tap into its emergency strategic inventories. This drastic measure aims to stabilize local prices and ensure supply amidst rising volatility in global markets and intense geopolitical tensions.

With this unprecedented move, Japanese reserves have plummeted to historic lows, sparking a heated debate about the vulnerability of a nation that relies almost entirely on crude imports to keep its industrial engine running. 🇯🇵🛢️

#petróleo #japon #Inversiones #Asia #mercado $CL $BZ
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