Francisco J. Monaldi

Please check my op-ed for @AmerQuarterly of the @ASCOA Without Institutional Change, Venezuela’s Oil Bonanza Remains Unviable americasquarterly.org/article/withou… @BakerInstitute @CES_Baker_Inst

Fire hits Venezuela gas facility, injuring workers, sources say reuters.com/world/americas…

The UAE is building a new pipeline bypassing the Strait of Hormuz and plans to have it in operation by 2027 bloomberg.com/news/articles/…

#Mexico: Petroleos Mexicanos Chief Executive Officer Víctor Rodríguez Padilla is stepping down, handing the reins to a financial expert with close ties to the president as Mexico’s oil company grapples with a heavy debt load. Mexico’s President Claudia Sheinbaum announced the change in a video posted on X late Thursday. She said the exit of Rodriguez was planned and the board of the state oil company needed to approve the appointment of Chief Financial Officer Juan Carlos Carpio as the new head of Pemex. #oott bloomberg.com/news/articles/…

#Brazil to Subsidize Gasoline as Lula Ramps Up Election Stimulus #oott bloomberg.com/news/articles/…

#Brazil unveils fuel subsidies as Congress stalls tax cut plan #oott reuters.com/business/energ…

#Brazil: Employment in the Brazilian oil industry has rebounded to the highest since the golden era of Petrobras’s mega-projects in 2010. The buildout of offshore discoveries including Buzios has boosted investment and created a talent shortage in Latin America’s biggest oil-producing country, said Telmo Ghiorzi, head of trade group ABESPetro. Tens of billions of dollars in spending has allowed the sector to overcome setbacks from a decade ago that included a massive corruption scandal, an oil-price crash, and a prolonged halt in exploration licenses, he said. Employment levels are expected to stabilize for a few years before beginning to decline in the early 2030s after state-controlled Petroleo Brasileiro SA finishes current projects in the deepwater region known as the pre-salt #oott bloomberg.com/news/articles/…

Venezuela says refiner Citgo's value has increased, calls for halting sale #oott reuters.com/legal/litigati…

Two so-called ghost tankers are returning their oil to #Venezuela, highlighting the struggles the country faces as it tries to grow its beleaguered oil industry after years of illicit trading. The vessels Olina and Galaxy 3 are offloading their oil nearly five months after taking it, according to port documents and vessel movements tracked by Bloomberg. It’s unusual for a crude tanker to return its load and their moves are in stark contrast to the US-facilitated sales carried out after former president Nicolás Maduro’s ouster. The original destinations for the Olina and Galaxy 3 are unknown, but most likely they were going to sail to Cuba and China, two countries that kept buying Venezuelan oil despite sanctions. #oott bloomberg.com/news/articles/…

Citgo volvió a comprar petróleo venezolano y reportó ganancias de $157 millones en el primer trimestre economiahoy.digital/citgo-volvio-a…

#Cuba has run out of diesel and fuel oil amid US oil blockade #oott reuters.com/business/energ…

Repsol CEO: We Will Increase Gas Production In Venezuela By 10% May 14 (Reuters) - Repsol's CEO Josu Jon Imaz at Annual General Meeting: WE WILL INCREASE GAS PRODUCTION IN VENEZUELA BY 10%, FROM 580 MILLION CUBIC FEET PER DAY TO 640 MILLION

World oil market ‘severely undersupplied,’ to stay in deficit until Q4: IEA ▪️IEA sees 420,000 b/d annual demand contraction ▪️Oil supply on track to fall by 3.9 million b/d in 2026 ▪️Americas supply forecast increased by 600,000 b/d 🖥️Full story: okt.to/OnAdYe

Shell’s payments to countries where it has upstream operations fell sharply in 2025, with Brazil overtaking Nigeria as the company’s biggest state beneficiary. bloomberg.com/news/articles/…

Sin el fracking en el Permian, la producción de petróleo y gas de @ECOPETROL_SA sería un 13 % menor que la actual, que alcanza los 725 mil barriles equivalentes por día.

Las utilidades de Ecopetrol en el primer trimestre de 2026 cayeron un 7,7% frente al mismo periodo de 2025. A pesar de registrar un precio promedio del Brent de US$78 por barril, superior a los US$75 por barril observados en el primer trimestre de 2025, la utilidad neta de Ecopetrol disminuyó de COP$3,13 billones a COP$2,8 billones, lo que representa una reducción de 7,7%. Durante el trimestre, la producción también disminuyó, al pasar de 745.517 barriles equivalentes por día (bepd) en el primer trimestre de 2025 a 725.245 bepd en el primer trimestre de 2026.

Costo de levantamiento de Ecopetrol se mantiene en niveles elevados El costo de levantamiento (lifting cost) es uno de los indicadores operativos más relevantes para @ECOPETROL_SA , ya que mide los gastos directos asociados a la extracción de petróleo por barril producido. Entre 2020 y 2022, este indicador se situaba entre US$6 y US$9 por barril. Sin embargo, desde finales de 2023 pasó a un nuevo rango de US$11 a US$13,7 por barril, lo que refleja un deterioro de la eficiencia operativa y mayores presiones de costos. En el primer trimestre de 2026, el costo de levantamiento se ubicó en US$12,2 por barril, por debajo del máximo registrado en 2025, pero aún en niveles históricamente elevados.

Mexico’s Braskem Idesa and its creditors are nearing an agreement for a loan of around $250 million as part of a Chapter 11 bankruptcy filing, according to people familiar with the matter bloomberg.com/news/articles/…

Precio del petróleo venezolano llegó en abril a su mejor nivel desde junio de 2022 y el promedio del año ya supera al de 2025 economiahoy.digital/precio-del-pet…

US imports of Venezuelan crude oil hit a 7 ½ -year high last week, lifting the Latin American country to the 2nd spot in the ranking of top sources of US crude imports, only after Canada.