This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
28 matching records found
Saudi Arabia shut its East-West Pipeline as a precaution after multiple attacks, threatening a crucial route for moving crude to the Red Sea while bypassing disruptions in the Strait of Hormuz. Bloomberg Economics' Ziad Daoud says prolonged disruption could tighten global energy supplies further, adding pressure to oil and US diesel prices. (Source: Bloomberg)
Baghdad launches investigation, closes border after confirming strike came from Iraqi territory.
This week, while Venezuela has the oil reserves to impact global energy markets, rebuilding production will take years, billions of dollars and investor trust. And, Europe’s solar success is creating growing pains for investors, generators and power markets. Plus, can data centers turn Scotland’s wasted wind into an AI advantage? Later, a more dangerous world is pushing the Pentagon and Silicon Valley closer together, creating a new boom in defense and space technologies. (Source: Bloomberg)
The dollar oscillated Friday after a key gauge of US consumer prices rose by more than expected pushing traders to add to bets that the Federal Reserve will raise interest rates next week.
COLOMBIA · ENERGY Key Facts —The sweep Ecopetrol has replaced its CEO, five vice presidents and two more top executives since late July, in what Colombian media openly call a purge of the Petro era. —The latest This week the changes reached subsidiary Essentia, where Carlos González left and Juan Carlos Álvarez took over as […] The post Ecopetrol Purge Reaches the Subsidiaries as Colombia’s Oil Giant Heads for a Full Board Vote appeared first on The Rio Times.
Gold held a decline, as the latest US inflation report and surging oil prices bolstered the case for the Federal Reserve to hike interest rates next week.
Prices spiked as attacks on oil tankers escalated in the Middle East.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
LIBYA · ENERGY Key Facts —The latest strike A drone targeted the Brega fuel depot on Airport Road in Tripoli on Thursday, September 3; the National Oil Corporation reported no significant damage but began emptying the tanks as a precaution. —A month of attacks In August, repeated drone strikes hit the Al-Zawiya refinery complex, including […] The post Drone Attack on Tripoli Fuel Depot Extends a Month of Strikes on Libya’s Oil Lifeline appeared first on The Rio Times.
Oil traders are growing increasingly cautious about longer-term positions as the wars in Iran and Ukraine cloud the outlook beyond the next few months.
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it “the biggest oil deal in history”. The White House fact sheet provided the details: NABEP’s 100-year concessions on 17 oilfields with 65 billion barrels of proven reserves, a 35 per cent Pentagon stake, a 20 per cent State Department offtake at cost with...
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Samantha Dart, co-head of global commodities research at Goldman Sachs, says that gasoline and diesel prices can remain elevated into “the whole of next year” as tightness in refining capacity is not being resolved. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Argentina's sovereignty claim is enshrined in its constitution, but oil production raises the economic stakes.
Suriname economy faces its biggest governance test before GranMorgu oil starts in 2028; new fiscal rules and a sovereign fund decide who benefits. The post Geerlings-Simons Takes Charge of Suriname Economy as TotalEnergies Prepares 2028 Oil appeared first on The Rio Times.
The São Tomé and Príncipe economy leans on organic cocoa and new oil hopes while managing debt under an IMF program and betting on boutique tourism. The post São Tomé and Príncipe Pins Export Hopes on Cocoa and Oil as IMF Debt Program Holds appeared first on The Rio Times.
President Oligui Nguema won a seven-year term in April 2025 and now must fund the Gabon economy as oil output falls and manganese pricing stays weak. The post Oligui Nguema Wins Seven Year Term as Gabon Economy Races Oil Decline appeared first on The Rio Times.
Oil edged higher on renewed concern that escalating US-Iran tensions may disrupt crude supplies and stoke inflation after the two sides traded attacks over the weekend.
The Trump administration is intensifying economic pressure on Iran through sanctions and a blockade, with Treasury Secretary Scott Bessent saying Tehran has about 30 million barrels of crude left for potential Chinese buyers. Bloomberg News Middle East Reporter Dan Williams joins Christina Ruffini and Jeff Mason on Bloomberg This Weekend and says the strategy also amounts to a test of endurance, as Washington seeks to outlast Tehran while managing its relationship with China and domestic political pressures. (Source: Bloomberg)
The Venezuela oil opening is redrawing ownership. One of the country's oldest business dynasties is reported out, and Beijing watches its loans. The post Venezuela Oil Opening Redraws Ownership as Beijing Watches Its Loans appeared first on The Rio Times.
Venezuelans are hoping for free and fair elections, but the US may prioritise oil production.
Opposition leader Maria Corina Machado says Venezuela oil wealth belongs to the people, not to what she calls an illegitimate regime in Caracas. The post Venezuela Oil Is Not the Government’s to Sell, Machado Says appeared first on The Rio Times.
Senegal economy enters a critical phase in September 2026: new oil and gas revenue, a third Moody's downgrade to Caa2, hidden-debt fallout and stalled IMF talks. The post Faye government faces deeper Moody’s Caa2 downgrade as Senegal economy oil cash meets hidden debt bill appeared first on The Rio Times.
US energy firms on Wednesday signed a raft of multi-billion-dollar deals with Venezuela, days after the South American country agreed to grant the United States control of a huge chunk of its vast oil reserves. President Donald Trump has talked up the agreement on Venezuela's oil reserves as the "biggest oil deal in world history." But the deals have raised major questions about Venezuela's sovereignty, as FRANCE 24's International Affairs Editor Kethevane Gorjestani explains.