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Energy Détente Current Issues    
Issue DateTitleSubjectsCAPTION
Sep 23 2026
Apertura Part Deux
NEW CHAPTER FOR VENEZUELA
Country Profile

Production/Supply/Demand


Venezuela's oil industry is once again embarking on a new phase that includes foreign investment. Some optimistic forecasts have Venezuela's oil production doubling by 2030. Venezuela's U.S. refining operator, Citgo, meanwhile, remains in limbo.
Jun 23 2026
Global Gasoline Price Hike Arrested
WORLD AVERAGE PRICE $4.65
Retail Prices




Between January and May, the world average gasoline price rocketed $1.19 gallon higher due to supply disruptions brought on by the Iran War. The temporary partial reopening of the Strait of Hormuz and a potential peace deal have allowed price relief in June.
 

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