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Montevideo, April 21st 2018 - 03:54 UTC

Tag: oil price

  • Monday, March 5th 2018 - 09:19 UTC

    YPF recovers from 2016 and posts full year profit of US$ 627m for 2017

    Fourth-quarter profit rose to 12 billion pesos compared with 1.8 billion pesos in the year-earlier quarter and 246 million pesos in the 2017 third quarter, the company said.

    Argentina’s state-owned oil company YPF SA posted a full-year 2017 profit of 12.7 billion pesos (US$ 627.16 million), the company said, rebounding from a 28.4 billion-peso loss in 2016.

  • Sunday, March 4th 2018 - 15:58 UTC

    Oil Market Fears: War, Default And Nuclear Weapons

    Verisk Maplecroft surveyed a long list of countries, and produced its Government Stability Index (GSI), which uses some predictive data and analysts forecasts to take stock of geopolitical risk in var

    The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of the U.S., there is a deterioration of stability in many oil-producing regions, aggravating risks for both oil companies and the oil market, according to a new report.

  • Sunday, February 25th 2018 - 13:48 UTC

    Why The Next Oil Boom Will Be Fueled By Blockchain

    It's official: Blockchain technology has infiltrated Big Oil.

    Big Oil is due for a disruption.

  • Wednesday, February 21st 2018 - 01:26 UTC

    Petro, the Venezuelan cryptocurrency is online

    The initiative promoted by the government of Nicolás Maduro responds to individual sanctions by the international community against government officials.

    The pre-sale of Petro began early on Tuesday, the cryptocurrency proposed by the Venezuelan government in recent weeks and backed by the country's natural resources. According to experts, it is “ridiculous”, arguing that the creation of a new currency would aggravate the economic crisis in the Caribbean country.

  • Wednesday, February 14th 2018 - 16:28 UTC

    Clean Oil That Only Costs $20

    If there's one big reason for the U.S. energy revolution, it's that new technology has allowed American companies to beat the competition

    The United States is in the midst of an energy revolution.

    Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies.

  • Wednesday, February 7th 2018 - 14:41 UTC

    Oil Prices Ravaged By Financial Turmoil

    “The stock market and interest rates can really affect oil a lot,” told Mark Waggoner

    By Nick Cunningham of Oilprice.com

    Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market.

  • Wednesday, January 17th 2018 - 09:32 UTC

    Hard times in Cuba: electricity and fuel cuts, slashed imports and payments to suppliers delayed

    Cuba’s foreign currency earnings have fallen by billions of dollars since global prices for oil and other commodities crashed in 2014.

    Cuba has not provided a detailed breakdown of key economic activity in its annual statistical abstract for the first time this century, leaving would-be investors more in the dark than usual about the cenrtralized-run economy.

  • Wednesday, November 8th 2017 - 10:50 UTC

    Oil markets settle lower, but prospects are in place for prices to continue climbing

    Saudi Crown Prince Mohammed bin Salman moved to shore up his power base with the arrest of royals, ministers and investors

    Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.

  • Monday, July 10th 2017 - 17:45 UTC

    Don't hold your breath for deeper OPEC cuts

    “The air is getting thin for oil prices. The price increase just ran out of steam, which is not very surprising, given the news flow of rising OPEC supplies”

    The rally in oil prices over the past two weeks came to a halt on news that OPEC is actually exporting more oil than previously thought. A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, and a recognition that the nine-month OPEC extension would be inadequate to balance the market.

  • Thursday, May 25th 2017 - 19:07 UTC

    Today's stunted oil prices could cause oil price shock in 2020

    Eurasia Group forecasts about 7 million barrels per day (MMbbl/d) of new crude supply by 2022.

    As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. shale production will continue to grow along with global demand.

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