Energy & Oil

• Thursday, September 30th 2021 - 09:00 UTC

  Can Argentina Finally Realize Its Oil Potential?

  

  By Matthew Smith for Oilprice.com – For a decade, successive Argentine governments in Buenos Aires have enacted a range of policies aimed at reducing energy imports and exploiting the Latin American country’s vast hydrocarbon potential.

• Tuesday, September 28th 2021 - 08:17 UTC

  Fuel panic buying in UK; pool of Army truck drivers ready to fill the supply chain

  

  A pool of British Army tanker drivers is on standby and to be deployed if required to deliver fuel, the UK government announced on Monday following chain supply pressure which has left many gasoline stations empty or rationing the little supply left.

• Friday, September 24th 2021 - 09:12 UTC

  Oil company lifts all South Atlantic operations, future of project in Falklands now reshaped

  

  A hydrocarbon development project in the Falkland Islands faces new challenges following the announcement of one of the companies involved that it shall be lifting all South Atlantic operations.

• Thursday, September 23rd 2021 - 15:34 UTC

  US Court backs DOC change of mind regarding Argentine biodiesel trade

  

  The United States Court of International Trade Wednesday upheld tariffs or Argentine biodiesel which ensued a redefinition by the Department of Commerce which had at first stood against them.

• Wednesday, September 22nd 2021 - 08:30 UTC

  Shell Oil is selling its US Permian assets to ConocoPhillips

  

  By Irina Slav for Oilprice.com – Oil super-major Shell is leaving the Permian with a divestment worth close to US$10 billion. The company said it will sell its assets in the shale play to ConocoPhillips for a total price of US$9.5 billion.

• Thursday, September 16th 2021 - 09:20 UTC

  Beijing releases oil from its strategic reserve to stabilize China's market and guarantee energy security

  

  By Irina Slav for Oilprice.com – China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move Bloomberg called “an unprecedented intervention.”

• Thursday, September 2nd 2021 - 09:32 UTC

  OPEC and Russia keep steady on original plan; ignore US request to pump more oil

  

  The Organization of Petroleum Exporting Countries plus a group led by Russia, OPEC+1 ignored requests from United States president Joe Biden and agreed on Wednesday to continue raising oil output in measured steps as originally agreed.

• Tuesday, August 31st 2021 - 09:50 UTC

  Price of fuel goes down in Uruguay as of September

  

  The Government of Uruguay Monday announced a small reduction in the price of fuel at pumps due to the use -for the first time- of the new Import Parity Price (PPI) adjustment formula devised by the current administration.

• Thursday, August 26th 2021 - 08:21 UTC

  Bolsonaro mandates Brazilian federal gov't agencies to cut down electricity consumption

  

  Brazil's President Jair Bolsonaro has issued a decree ordering all federal agencies to cut down electricity consumption between 10 and 20% from September to April 2022, in the face of an unprecedented shortage in supply from less expensive sources.

• Monday, August 23rd 2021 - 09:50 UTC

  One dead and many missing as Pemex offshore plant explodes in Gulf of Mexico

  

  Six people were initially reported injured and taken to hospitals in nearby Campeche Sunday after a Petroleos Mexicanos (Pemex) offshore platform in the Gulf of Mexico was set ablaze following an explosion.