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Venezuela's Oil Revival Faces A Critical Services Bottleneck
Venezuela's Oil Revival Faces A Critical Services Bottleneck
Authored by Rystad Energy via OilPrice.com,
Venezuela could increase crude production by about 194,000 bpd by late 2028, with most growth coming from existing producing fields rather than new discoveries.
International oil companies led by Chevron are expected to deliver nearly two-thirds of the forecast production increase through brownfield investments.
The biggest obstacles are operational, including drilling rigs, diluent supplies, infrastructure upgrades, and a competitive fiscal regime capable of attracting long-term investment.
Venezuela's upstream industry has entered a new phase. Following sweeping hydrocarbon reforms and broader...
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May 28, 2026 / Tyler Durden
Iran Targets US Base In Kuwait In 2nd Clash This Week; Pakistan Pitches Uranium Transfer To China Scheme
Iran Targets US Base In Kuwait In 2nd Clash This Week; Pakistan Pitches Uranium Transfer To China Scheme
Summary
Saudi state media reports Pakistan is seeking to convince Washington to allow transfer of Iran's highly enriched uranium to China (Al Hadath).
Iran launches ballistic missile on US base in Kuwait, which was reportedly intercepted by Kuwaiti forces.
Fresh launch is retaliation for prior evening's skirmish involving US intercepting Iranian drones, and targeting coastal launch location.
Stalled talks still stuck on nuclear issue: Iran insists it will keep its enriched uranium as a matter of...
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Sep 14, 2026 / Tyler Durden
The Deep State's Get-Out-Of-Jail-Free Card
The Deep State's Get-Out-Of-Jail-Free Card
Authored by Jay Rogers via American Greatness,
Last Wednesday, House Judiciary Chairman Jim Jordan sent FBI Director Kash Patel a letter demanding every document connected to an operation codenamed Round River.
If you haven't heard of it, that's understandable; it's the sequel nobody promoted, and I'll get to it. I've spent part of my career testifying as an expert witness on fiduciary duty, the branch of law that punishes people for betraying the trust placed in them.
Measured by that standard, Round River isn't merely disinformation; it's a...
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Oct 3, 2026 / Tyler Durden
Turkey's Fix For Its $20 Billion Hedge Fund Meltdown: Kindly Ask The Winners To Give The Money Back
Turkey's Fix For Its $20 Billion Hedge Fund Meltdown: Kindly Ask The Winners To Give The Money Back
Two weeks after a cluster of Istanbul asset managers stopped honoring redemptions, triggering a market-wide circuit breaker and the liquidation of 131 funds held by some 455,758 Turkish retail investors, Ankara has unveiled its plan to make everyone whole. Or at least, to make everyone a little bit less un-whole.
As Bloomberg reports, Turkey will start payments to investors caught in the fund crisis. The Capital Markets Board (SPK) approved interim payments of...
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