Brazil's state-run oil company Petrobras Wednesday announced a 0.84% reduction in the sales prices for distributors of jet fuel starting Saturday. It is the third consecutive drop following a 10.4% one earlier this month after August's 2.6%.Add your comment!
Russian Foreign Ministry Spokeswoman Maria Zakharova said US President Joseph Biden should account for his country's possible involvement in separate gas pipeline emergencies reported between Sept. 25 and 26.Add your comment!
The UK government on Thursday lifted England's moratorium on the fracking process to extract oil and gas, saying the move aims to shore up energy security as Russia cuts gas deliveries amid tensions over its invasion of Ukraine and the intensification of the war.Add your comment!
Germany is to nationalize gas giant Uniper to secure energy supplies amid the war in Ukraine. The deal will see the German government take on a 98.5% stake in the firm at a cost of €8.5bn (£7.4bn).Add your comment!
Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, in an attempt to recover the China market from Russia, reports The Straits Times quoting local industry sources.
Puerto Rico has been left without electricity as Hurricane Fiona made landfall with winds of up to 160.9 kilometers per hour, amid residents fearing an encore of the devastation left by Hurricane Maria in 2017. US President Joseph Biden declared a state of emergency on the island.
Despite previous comments that there was no commercial oil available in Paraguay's soil, President Energy is to drill its third well in the Chaco region, it was announced Thursday.
Paraguay's state-run oil company Petropar has announced a reduction of PYG 250 (US$ 0.036) for liquefied petroleum gas (LPG), marketed under the brand Ñande, and of PYG 150 (US$ 0.022) for 88-octane gasoline known as Kape, effective this coming Friday.
Uruguay's Industry Minister Omar Paganini Tuesday said during the traditional rural Expo Prado fair in Montevideo that his country was going through a second energy transition.
The Argentine province of Rio Negro has rephrased its hydrocarbons law so that oil may be transported through the pipelines to be built in the San Matías Gulf, despite warnings from environmentalist groups, it was reported Tuesday.