PetroCorruption

A grassroots watchdog organisation holding governments, corporations and individuals accountable for their corrupt practices in the global energy sector.

[PetroCorruption @PetroCorruption]

During the first year of the war, Russia earned $218 bn in oil revenues - this at a time when Europe was still buying about 50% of Russian exports.

This is hardly an example of successful sanctions.

https://t.co/3gvTapDHd2

[PetroCorruption @PetroCorruption]

It's possible to make substantial investments in renewable energy while still meeting oil demand if we building new LNG import terminals and engaging with oil rich countries such as Venezuela 🇻🇪

https://t.co/XinFtVnAu4

[PetroCorruption @PetroCorruption]

https://t.co/O3R2z1hwpj

[PetroCorruption @PetroCorruption]

With its proximity to the Caribbean Sea, Venezuela is ideally placed for direct maritime routes to European ports, meaning recent sanctions easement are a timely necessity for the world’s global oil supply, as well as for Venezuela’s economy.

https://t.co/O2lL7rEwzK

[PetroCorruption @PetroCorruption]

PDVSA’s latest deal with Repsol is a bellweather for the increasingly bright future of the Venezuela oil industry as more agreements are expected to come through in the run-up to the new year.

https://t.co/CWWPLnx0d2

[PetroCorruption @PetroCorruption]

The @WorldBank's latest Commodity Markets Outlook warns that while the global economy is at its most resilient, the conflict in Gaza and ongoing war in Ukraine have the potential to disrupt commodity markets worldwide.

What does this mean for oil? 🛢️

https://t.co/ryCi3NyB3W

[PetroCorruption @PetroCorruption]

Energy security: once a backseat issue, now thrust to the forefront by shocks, economic strife, soaring inflation and geopolitical unrest.

Time for a rethink?

https://t.co/LO9JlAscyA

[PetroCorruption @PetroCorruption]

Energy security: once a backseat issue, now thrust to the forefront by shocks, economic strife, soaring inflation and geopolitical unrest.

Time for a rethink?

https://t.co/LO9JlAscyA

[PetroCorruption @PetroCorruption]

Last week, @APIenergy released a sobering report outlining the potential impacts an ill-thought-out sanctions approach can have on international supply chains and domestic economies.

In the Gulf of Mexico, for example, allowing for a steadier flow of oil reserves whilst policymakers and markets work together to reach targets will protect against a sharp rise in gas prices, secure Gulf Coast jobs and ensure the US does not increase its reliance on oil imports.

https://t.co/79GeAEqXFz

[PetroCorruption @PetroCorruption]

The rise of #corruption among #petrostates underscores the vulnerability of economies dependent solely on their #oil and #gas reserves.

As #Petrobas explores new frontiers, it's clear that the key to long-term sustainability lies in diversification.

https://t.co/ukAwyaXv5V

[PetroCorruption @PetroCorruption]

Pragmatism mandates that we temporarily unlock #sanctioned oil sources to ensure that our global #energy demands are not compromised.

This isn't a deviation from our #renewable aspirations but rather a safeguard ensuring a smoother journey towards them.

https://t.co/Yq3yDBdVYd

[PetroCorruption @PetroCorruption]

The #Nagorno_Karabakh crisis unearthed the truth that diplomacy is often tethered to economic and energy dependencies.

Amid calls for sanctions on #Azerbaijan's 🇦🇿 oil, we ask the question of whether EU energy agreements may embolden #Azeri's tactics.

https://t.co/elLWG2PD5l

[PetroCorruption @PetroCorruption]

Is #corruption fuelling the UK's oil and gas decisions?

The suspicious approval of the #Rosebank field raises eyebrows considering global pressures on the UK 🇬🇧 #government to prioritise the environment.

https://t.co/lBnmpOVC8r

[PetroCorruption @PetroCorruption]

US #diplomacy walks a complex path: actively engaging with #Iran, even at a financial risk, while adopting a cautious stance towards #Venezuela, seeking democratic reassurances from its reluctant leadership.

The Dichotomy of American Diplomacy

🇺🇸🇻🇪🇮🇷

https://t.co/81EOQQ94F6

[PetroCorruption @PetroCorruption]

Venezuelan government bond prices have climbed in recent weeks as investors speculate that the revolutionary socialist government of President Nicolás Maduro is nearing a diplomatic breakthrough that could lead to a softening of US sanctions.

https://t.co/RrIex3pry7

[PetroCorruption @PetroCorruption]

U.S. officials are drafting a proposal that would ease sanctions on Venezuela's oil sector, allowing more companies and countries to import its crude oil

🇺🇸🇻🇪🛢️

https://t.co/T69Gbs9Yjn

[PetroCorruption @PetroCorruption]

El tema de hoy es uno complejo e importante: la imposición de sanciones sobre países en desarrollo, con especial atención a los casos de Venezuela y Nigeria.

https://t.co/TA12xkHpzS

[PetroCorruption @PetroCorruption]

A Resilient Rise Amid Sanctions and Global Challenges

We're tackling something sizzling from the oil world – the spectacular rise in Venezuelan oil production. Buckle up, because the numbers and behind-the-scenes strategy make for a thrilling ride.

https://t.co/Qoo1bc8xr8

[PetroCorruption @PetroCorruption]

Have you SEEN the prices at the pump lately?

They're at their highest level in 10 months!

And guess what? This situation is turning into a heated topic, especially as we approach the 2024 election season 🇺🇸 🗳️🐊

https://t.co/nAZavUM2Kh

[PetroCorruption @PetroCorruption]

Friday Thoughts: Brazil and Russia's Budding Oil Bromance

We're diving into some recent developments in the global oil trade: the sizzling Brazilian-Russian petroleum connection. Yep, you heard it right, Brazil and Russia have an oil Bromance.

https://t.co/s9jqgQzJMl