Energy & Oil

Wednesday, April 1st 2026 - 09:01 UTC
Another front for Trump, “pain in the pump”, gasoline above US$ 4 a gallon

”If the (Iran) conflict is contained soon, the hit to confidence may be temporary, but a prolonged crisis could prompt more precautionary saving and further discretionary spending cuts,” warned Moody’s in a report on the current war in the Middle East, and the impact for US households.
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Tuesday, March 31st 2026 - 03:58 UTC
Oil tops $114 a barrel as Iran conflict drives record monthly surge

Brent crude, the European benchmark, closed Monday at $112.78 per barrel and continued climbing in the futures market past $114, its highest level since July 2022. Oil has surged roughly 55% in March, the largest monthly gain since the contract's inception in 1988.
Monday, March 30th 2026 - 01:16 UTC
US allows Russian oil tanker to reach Cuba in easing of energy blockade

The United States authorized the passage of a Russian oil tanker loaded with crude bound for Cuba, in the first easing of the de facto energy blockade Washington has imposed on the island since the start of the year, The New York Times reported, citing a U.S. official.
Sunday, March 29th 2026 - 22:04 UTC
Sharp fuel price hike in Chile triggers first protests against Kast government

Chilean President José Antonio Kast's government faced its first street protests since taking office on March 11 this week, after a historic fuel price increase hit consumers and rapidly eroded public support for the far-right leader.
Friday, March 27th 2026 - 23:04 UTC
Uruguay raises fuel prices 7% over Middle East war and shifts to monthly price-setting

Uruguay's government announced on Friday a 7% fuel price increase effective April 1, as a direct consequence of rising oil prices driven by the U.S.-Israeli war against Iran and the effective closure of the Strait of Hormuz, through which approximately 20% of the world's crude oil supply transits.
Thursday, March 26th 2026 - 01:48 UTC
International project validates renewable hydrogen energy systems in Antarctica

A delegation of Chilean and European authorities and institutions completed a technical visit to the “Profesor Julio Escudero” research station operated by the Chilean Antarctic Institute (INACH) on King George Island, where progress was presented on a pilot renewable hydrogen and energy infrastructure project designed to validate hybrid energy systems in one of the planet's most demanding environments.
Wednesday, March 25th 2026 - 20:22 UTC
Iran rejects Trump's 15-point proposal and asserts sovereignty over the Strait of Hormuz

Iran rejected on Wednesday the 15-point proposal put forward by the Trump administration to end the war, calling its terms “excessive and detached from reality,” while international mediators scramble to arrange a direct meeting between representatives of both countries that could be, they warn, the last chance to prevent a broader escalation.
Wednesday, March 25th 2026 - 00:23 UTC
Lula warns he will not allow others to seize Brazil's critical minerals

Brazilian President Luiz Inácio Lula da Silva said on Tuesday he will not allow other countries to take the nation's rare earths and critical minerals, in remarks widely interpreted as a direct warning to the United States amid a growing dispute over control of these strategic resources.
Wednesday, March 25th 2026 - 00:18 UTC
Peru confirms large-scale geothermal system in southern Andes, near Chilean border

Peru's Geophysical Institute (IGP) confirmed on Tuesday the existence of a large-scale active geothermal system in the country's southern Andes, near the Paucarani-Casiri volcano, approximately 75 kilometers northeast of the city of Tacna and close to the Chilean border, according to EFE.
Tuesday, March 24th 2026 - 05:55 UTC
Analysts warn $200 oil is no longer a far-fetched scenario

Oil prices could surpass $150 per barrel and approach $200 if the Strait of Hormuz blockade persists, according to energy industry analysts — a level that would make a global recession virtually inevitable.