Venezuelan lawmakers have approved significant changes to the country’s primary oil legislation. The reform, passed in a final vote, introduces provisions that are expected to increase the operational independence of oil companies working in Venezuela. The updated law aims to attract investment and improve efficiency in the oil sector by …
Global liquid supply reached 105.29 million barrels per day (b/d) in 2025, reflecting an annual increase of 2.78 million b/d. Despite this overall growth, supply experienced a decline in December, primarily driven by production outages. The anticipated rise in supply for 2025 suggests a recovery from the temporary disruptions seen …
Brent crude oil prices exceeded $70 per barrel this week, driven primarily by concerns over a potential US military action against Iran. The geopolitical uncertainty has heightened market volatility and contributed to the recent price surge. However, analysts suggest that other factors, such as supply constraints and demand recovery, may …
The International Energy Agency (IEA) has consistently increased its oil demand projections for 2025 and 2026 since October. These upward revisions indicate stronger-than-anticipated consumption growth in the coming years. The agency’s adjustments reflect evolving market dynamics and economic factors influencing global oil use. These forecast changes may signal a tighter …
Energy Intelligence’s latest analysis projects that the growth in new liquids supply will surpass the increase in consumption by 2027. Despite this anticipated surplus, the report notes that market dynamics remain subject to rapid changes. The assessment highlights ongoing trends in production and consumption but cautions that unforeseen factors could …
Russian oil exporters are increasing shipments to China as purchases from India and Turkey decline. This change comes amid growing pressure from the United States on these countries to reduce their reliance on Russian crude. As a result, Russia is adjusting its export strategy to maintain sales volumes. The shift …
Venezuela has enacted changes to the hydrocarbon law originally established under Hugo Chavez, allowing increased foreign involvement and new revenue-sharing arrangements in the oil sector. While these amendments mark progress toward reforming the country’s fiscal framework, several important details regarding tax rates and contract terms remain undefined. The revisions aim …
The March contract on the New York Mercantile Exchange (Nymex) increased by 18.6 cents, taking over as the prompt-month. This movement comes after the latest weekly storage report indicated sustained high demand during the winter season. The report showed that storage withdrawals remain robust, reflecting ongoing consumption pressures amid colder …
Jon DiPietra, a real estate valuation executive based in New York City, has shared his thoughts on the growing challenges people face in making sense of the spaces they inhabit. He highlights how the complexity of modern living and working environments can contribute to feelings of confusion and overwhelm. DiPietra …
Anthony Helinski, a woodworking entrepreneur and former educator from Salem, New Hampshire, discusses four significant trends that are shaping how people learn, work, and create in 2026. Drawing from recent research and his own experience, Helinski explains how these changes are impacting daily life and professional environments. He emphasizes the …