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MercoPress, en Español

Montevideo, February 8th 2026 - 16:42 UTC

Energy & Oil

  • Tuesday, October 21st 2025 - 08:26 UTC

    Oil heading below US$ 50 per barrel anticipates Energy Agency

    IEA in its latest report anticipates that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026.

    When oil prices in the international market are sliding faster than expected, already in the range of US$ 50 the barrel, the International Energy Agency, IEA in its latest report anticipated that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026. IEA warns that while demand growth is down, supply growth will lead to a record supply overhang, since oil stocks are already soaring, mainly that stockpiled in tankers in water.

  • Tuesday, October 21st 2025 - 08:23 UTC

    Mexico shipping oil to energy starved Cuba

    The cargoes were tracked through maritime monitoring platforms, showing consistent routes between Mexico and Cuba.

    So far this year, Mexico has shipped more than US$ 3 billion worth of subsidized fuel to Cuba through Gasolinas Bienestar, a subsidiary of Pemex, according to an investigation by Mexicanos Contra la Corrupción y la Impunidad (MCCI), as reported by OilPrice.

  • Thursday, October 16th 2025 - 19:55 UTC

    Bolivian Senate passes bill allowing direct fuel imports

    Petrol stations must prioritize YPFB's supply, but may seek other options if it fails to deliver

    Bolivia's Senate has passed a bill allowing for the direct import of fuels by petrol stations to make up for the shortages stemming from the State-run oil company YPFB's lack of US dollars to secure further imports. The initiative was then sent to the Lower House for final approval.

  • Wednesday, October 15th 2025 - 20:35 UTC

    Colombia's GeoPark announces investment in Vaca Muerta

    The company has been granted a 35-year concession

    Colombian oil company GeoPark announced this week its plans to make a significant investment and operational agreement for the Vaca Muerta unconventional hydrocarbon reserve in Argentine Patagonia.

  • Wednesday, October 15th 2025 - 10:05 UTC

    Bolivia's fuel crisis deepens ahead of presidential runoff

    The fuel crisis has led to long lines at gas stations and an increase in the price of staple foods

    The fuel crisis in Bolivia has deepened just days before this coming weekend's presidential runoff, with stocks plummeting: There is only enough diesel for one day and gasoline for three days, Hydrocarbons Alejandro Gallardo admitted Tuesday. In this context, President Luis Arce Catacora has been accused of causing this problem deliberately.

  • Friday, October 10th 2025 - 20:59 UTC

    Bolivia: New fuel shortage and additional scandals at YPFB

    Amid the latest shortages, an arrest warrant was issued against Dorgathen

    The Bolivian city of Santa Cruz de la Sierra is facing a worsening shortage of diesel and gasoline, leading to long queues at petrol stations, particularly lorries waiting up to five days to tank up.

  • Saturday, October 4th 2025 - 10:09 UTC

    Paraguay wants to build a “Panama Canal” of natural gas

    Albertini launched the proposal during an event in Chile

    During the 10th Energy Week of the Latin American Energy Organization (OLADE) in Santiago (Chile), Paraguay unveiled an ambitious proposal to construct a bi-oceanic gas pipeline that could reshape the continent's energy landscape.

  • Tuesday, September 30th 2025 - 10:11 UTC

    Falklands, growing hydrocarbons oil activity and funding for the Sea Lion oil project

    The first phase of the Sea Lion project is targeting 170 million barrels of oil via the redeploying floating production, storage and offloading vessel Aoka Mizu.

    Rockhopper Exploration half year results indicate that the UK oil and gas company is more hopeful than ever that a final investment decision will come this year on the Sea Lion oil project in the Falkland Islands, after it secured a successful capital raise of up to US$ 140 milliom. Rockhopper holds a 35% interest in the project with the Israeli operator Navitas Petroleum holding the remaining 65%.

  • Monday, September 29th 2025 - 09:26 UTC

    Bolivia: YPFB lawyer says current refining scheme is profitable

    “Clearly, any criminal prosecution without evidence is political persecution,” Eduardo Saucedo insisted

    Bolivia's State-run oil company YPFB's Legal Affairs Manager, Eduardo Saucedo, defended the creation of Botrading, a refining subsidiary, arguing that it resulted in savings worth over US$300 million despite prosecutors claiming otherwise.

  • Wednesday, September 24th 2025 - 09:17 UTC

    Trump underscores Europe's failures on immigration and energy

    “The immigration and their suicidal energy ideas will be the death of Western Europe,” Trump warned

    US President Donald Trump stressed during his speech at the UN General Assembly on Tuesday that other countries' policies on immigration and energy were “destroying a large part of the free world” and causing nations to “go to hell.”