More than a month has passed since Pemex CEO Victor Rodriguez invited national and foreign enterprises to join Mexico’s state-owned oil company in restarting production. At an energy event in Mexico City on October 23, Rodriguez made a direct appeal: Pemex was “open,” he remarked, encouraging corporations to submit bids. However, the call has mostly
As OPEC+ slams the brakes on output hikes after a modest 137,000 bpd increase in December—fearing a 2026 glut that could drag Brent below $60—analysts warn the cartel’s fragile unity is cracking under budget-strapped members’ pressure. In this exclusive Invezz interview, Igor Isaev, Doctor of Technical Sciences and Head of Analytics at Mind Money, predicts
ExxonMobil is set to discontinue operations at the older of its two steam crackers on Singapore’s Jurong Island starting in March, according to a Reuters report on Thursday. This move aligns with a broader trend in the global petrochemicals sector to cut capacity in response to industry losses. The wind-down, scheduled to begin in March
The British energy regulator has given its approval to a substantial £28 billion (approximately $37.33 billion) investment plan spanning the next five years. This significant financial undertaking is designed to fundamentally ensure the safety, security, and long-term reliability of the nation’s energy system. This massive investment is a central component of a broader, comprehensive upgrade
Escalating military tensions between the US and Venezuela are poised to significantly impact benchmark crude oil prices, as the Trump administration intensifies pressure on Nicolas Maduro’s regime and hints at the possibility of a US incursion. “The loss of Venezuelan volumes would likely result in stronger crude oil prices in the Pacific Basin, with China
The oilfield services (OFS) sector is undergoing a profound transformation as digital innovation emerges as a defining force, creating new opportunities for sustained, long-term growth amid shifting market conditions. A new forecast from Rystad Energy suggests the oil and gas industry could realise savings exceeding $320 billion over the next five years by deepening the
The global airline industry is facing a significant setback in its environmental goals, with the International Air Transport Association (IATA) announcing on Tuesday that the sector is expected to fall short of its crucial targets for the adoption of sustainable aviation fuel (SAF) in the immediate years ahead. This disappointing prognosis, according to the major
Gold prices rose on Tuesday as investors waited cautiously ahead of the start of the two-day meeting of the US Federal Reserve. Silver rose, tracking sharp gains in gold as prices increased nearly 2% on Tuesday. Meanwhile, oil prices fell slightly amid concerns over ample supply and as investors monitored the peace talks between Russia
ClearToken, a digital asset clearing house that recently achieved regulatory approval from the United Kingdom’s Financial Conduct Authority, has announced the launch of its digital asset settlement solution. The official debut of CT Settle, a platform ClearToken says will be a game-changer for the institutional digital asset trading ecosystem, comes a few weeks after the
European defense stocks are climbing again as Germany moves closer to approving a substantial increase in defense expenditure, a shift that analysts say could pave the way for further gains across the sector. After several weeks of pressure driven by optimism around a potential ceasefire in Ukraine, the latest signals from Berlin and fresh analysis