Chart Talk: Venezuela’s Subsidized Fuels Range from Free to Cheap

In OPEC-member Venezuela, fuels are subsidized or unsubsidized while prices range from free to cheap at $0.02/gallon on the low end. But drivers still leave a tip: beans and rice.

Is Venezuela the New Iran? Sanctions, Elections Weigh on Oil Powerhouse

Luis Vicente León, president of Datanalisis, Venezuela’s top polling firm, spoke with Hart Energy in an exclusive interview about Venezuela’s oil sector under the weight of U.S. sanctions, potential gas exports to Trinidad and Tobago and the shape of the country’s 2024 presidential elections.

Q&A: US Sanctions Ravage Venezuelans as Democracy Withers [WATCH]

Datanalisis President Luis Vicente León spoke with Hart Energy about the realities of U.S. sanctions on Venezuela to force free elections and the results: President Nicolás Maduro’s chief political rival is barred from holding office.

Energy Transfer Keeps Focus on Lake Charles LNG Despite Setbacks

Lake Charles LNG is facing regulatory hurdles with the Department of Energy, Energy Transfer executives said during second-quarter earnings call.

As China Dominates, Private Capital Vital for US Critical Minerals

Identifying solutions for the critical minerals challenge is a growing point of discussion as the U.S. works to strengthen its supply chain both domestically and abroad.

Could US LNG be ‘Stuck at Sea?’

U.S. LNG exporters could see cargos backing up as European storage levels near capacity and as Asian gas demand lags, with approximately 35 LNG ships sitting on the water for more than 20 or 30 days, according to a Bernstein report.

US-Mexico Energy Trade Reaches Record $81.9 Billion in 2022

Energy trade between the U.S. and Mexico reached a record $81.9 billion in 2022, according to new data from the U.S.-based Energy Information Administration (EIA).

Russia Resumes Oil Exports to North Korea After Long Pause

Russia resumed oil exports to North Korea in December, the first since 2020 as the two countries deepen ties. 

Venezuela, Iran Ink 25 Deals During State Visit

Venezuela and the Islamic Republic of Iran signed 25 deals across different development areas, including petrochemicals, during an official visit by Iranian President Seyed Ebrahim Raisi to Caracas.

European Union Will Tackle India's Concerns on Carbon Tax, Official Says

Last month, the EU approved the world's first plan to impose a levy on imports of high-carbon goods in 2026, prompting India to warn it would complain to the World Trade Organization.