The Virtual Tribune
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Venezuela Oil Output Collapses from 2.3M to 400K Barrels Daily
CARACAS, July 12 — The Biden-era sanctions architecture that crippled Venezuela’s state oil company is being rewritten by…
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Venezuela’s oil production plummets despite holding world’s largest reserves
CARACAS, July 12 — The figure that matters: 303 billion barrels. That is the size of Venezuela’s proven…
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New powers could reshape oil markets and US businesses
CARACAS, July 12 — A new US executive order has placed Venezuela’s oil sector back under the regulatory…
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Venezuela’s Oil Crash and Currency Collapse Drive Crisis
CARACAS, July 12 — The figure that matters: 200%. That is the inflation rate the International Monetary Fund…
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Chevron and Oil Firms Face Venezuela Impact After US License Ends
WASHINGTON, July 12 — The calculus for the Biden-era sanctions regime against Venezuela has shifted decisively. Secretary of…
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Shallow 5.1 temblor rattles Tambolaka without tsunami threat
TAMBOLAKA, Indonesia, July 12 — A magnitude 5.1 earthquake struck 27 kilometers south-southeast of Tambolaka, Indonesia on Sunday…
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Russian Oil Flows Despite Sanctions via Aging Tankers
MOSCOW, July 12 — Vladimir Putin has been President of Russia since 2000 (with a term as Prime…
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Strait of Hormuz: Key Chokepoint for Global Oil Trade
TEHRAN — For the first time, Iran has declared an indefinite closure of the Strait of Hormuz, a…
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Iran’s Supreme Leader Khamenei holds ultimate sway over global oil chokepoint security
TEHRAN, July 12 — Ayatollah Ali Khamenei, Iran’s Supreme Leader since June 4, 1989, holds a grip on…
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Strait of Hormuz Closure Disrupts Global Oil Markets and Prices
LONDON, July 12 — Oil markets have been on edge since late April, when Iran’s Islamic Revolutionary Guard…
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Strait of Hormuz Closure Risk Could Spike Oil Prices 20%
WASHINGTON, July 12 — The closure of the Strait of Hormuz now threatens to upend global oil markets…
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Global Oil Markets: Strait of Hormuz Disruptions and Economic Impact
LONDON, July 12 — The Strait of Hormuz is a critical artery for global oil supplies. About 21…
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Iran’s Strait of Hormuz threat holds global energy stakes
TEHRAN — The Islamic Revolutionary Guard Corps Navy is a branch of Iran’s armed forces, established in 1979…
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Strait of Hormuz: World’s Most Vital Oil Chokepoint Explained
TEHRAN, July 12 — For communities across Asia that depend on the steady flow of energy from the…
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Global Oil Flows Through Strait of Hormuz Hit 21 Million Barrels Daily
WASHINGTON, July 12 — A 2022 analysis from the U.S. Energy Information Administration places roughly 21 million barrels…
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Moderate 5.3 Earthquake Strikes Offshore Gorontalo, Indonesia
GORONTALO, Indonesia, July 12 — A magnitude 5.3 earthquake struck 192 kilometers west-northwest of Gorontalo, Indonesia, on July…
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Global Oil Markets Brace for Hormuz Closure Disruption
ASTANA, July 12 — A prolonged closure of the Strait of Hormuz would hit global oil markets harder…
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Strait of Hormuz: The World’s Most Critical Oil Chokepoint Explained
MANAMA, July 12 — A narrow ribbon of water just 21 miles wide at its narrowest point carries…
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Tonga struck by moderate quake along Pacific Ring of Fire
NUKU‘ALOFA, July 12 — A magnitude 5 earthquake struck 139 kilometers south of ‘Ohonua, Tonga on Sunday at…
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Iran’s Strait of Hormuz Threat Sends Shockwaves Through Global Energy Markets
TEHRAN, July 12 — For communities across Asia, the spectre of a blocked Strait of Hormuz is a…
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Strait of Hormuz Closure Disrupts Oil Routes and Insurance Costs
LONDON, July 12 — A sustained closure of the Strait of Hormuz would force oil tankers to reroute…
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Strait of Hormuz: World’s Most Critical Oil Waterway
TEHRAN, July 12 — For decades, the 21-mile-wide waterway known as the Strait of Hormuz has quietly underpinned…
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Key Exporters Rely on Strait of Hormuz for Oil, LNG Trade
WASHINGTON, July 12 — The Strait of Hormuz, a 33-kilometer-wide waterway connecting the Persian Gulf to the Gulf…
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France Leads Global Fossil‑Fuel Ad Ban as Other Nations Follow Suit
PARIS, July 12 — France’s ban on fossil fuel advertising stands as one of the strictest globally, a…
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