The Mirage of Stability: Oil, Geopolitics, and Falling Prices
The apparent calm in the oil market in 2025 could lead to a false sense of stability. The most recent Short-Term Energy Outlook from the EIA (May 2025) projects a downward trend in crude oil prices over the next two years. According to the U.S. agency, Brent is expected to average $66 per barrel this […]
Artificial intelligence in the energy industry: A new horizon
The energy industry, the backbone of the global economy, is at an inflection point driven by a transformative force: Artificial Intelligence (AI). Far from being a futuristic technology, AI is being deeply and transversally integrated into all links of the value chain of the oil, gas and petrochemical industry, optimizing processes, improving safety and opening […]
Interview with Luis A. Pacheco
Luis A. Pacheco, Ph.D., is a nonresident fellow at the Baker Institute Center for Energy Studies. He has over 35 years of experience in the energy industry, including 17 years at PDVSA, Venezuela’s national oil company, where he held senior positions such as CEO of BITOR (PDVSA’s heavy crude subsidiary) and Executive Director of Corporate […]
Venezuela: The Awakening of an Energy Giant!
Can you imagine a vibrant Venezuela, with a robust economy and a secure, sustainable energy future? This is not just a dream—it is entirely possible. The “Venezuela, Land of Grace” Plan outlines a bold and transformative vision that promises to make this future a reality, once democratic change is achieved in our nation. In its […]
Interview with Francisco Monaldi
Question 1: What are the main obstacles facing the Venezuelan oil industry in the current context? Francisco Monaldi: Amid sanctions and financial restrictions, it is obviously very difficult to develop the Venezuelan oil industry. Without a credible government and institutions capable of attracting massive private investment and restructuring the state-owned company Petróleos de Venezuela (PDVSA), […]
PDVSA alleges that the CITGO auction process “inappropriately” favors the bondholders.
BOSTON – En medio de la noche, cuando el aire se carga con la energía del béisbol y la emoción de la ciudad, un ícono brilla con fulgor sobre los tejados de Kenmore Square: ¡el Cartel de Citgo! ¿Quién no ha levantado la mirada y se ha sentido abrazado por el resplandor de su triángulo […]
The CITGO Cartel, Boston’s Enlightened Treasure!
BOSTON – En medio de la noche, cuando el aire se carga con la energía del béisbol y la emoción de la ciudad, un ícono brilla con fulgor sobre los tejados de Kenmore Square: ¡el Cartel de Citgo! ¿Quién no ha levantado la mirada y se ha sentido abrazado por el resplandor de su triángulo […]
Barclays recommends buying PDVSA 2020 bonds as CITGO sale nears
Barclays está recomendando comprar bonos de la empresa petrolera estatal de Venezuela, PDVSA, que vencieron en 2020, argumentando que un tribunal de Delaware podría permitir la liberación del aval sobre la deuda en mora antes de julio. La reclamación de los tenedores de bonos podría resolverse antes de la venta ordenada por el tribunal de […]
