Energy & Oil

• Monday, August 19th 2019 - 09:31 UTC

  Iranian oil tanker finally leaves Gibraltar; US seizure request denied based on EU rules

  

  The Iranian ship held by Gibraltar since July on suspicion of transporting oil to Syria has left port. Marine tracking shows the tanker moving east into the Mediterranean and lists Kalamata in Greece as the destination.

• Monday, August 19th 2019 - 09:25 UTC

  Peruvian peasants protest against Chinese oil company and set on fire offices

  

  A building in a northern Peruvian town was set on fire on Friday in a protest against China National Petroleum Corp that devolved into clashes between police and demonstrators who want the company to make pledges to help the local community, an industry source said.

• Friday, August 16th 2019 - 08:04 UTC

  Gibraltar releases Iranian super tanker hours before a US Justice detention request

  

  The Gibraltar Government on Thursday released the Iranian supertanker Grace 1, which was seized on July 4 on suspicion it was shipping 2.1m barrels of crude oil to Syria in breach of EU sanctions.

• Monday, August 12th 2019 - 06:38 UTC

  Oil prices down dragged by the China/US trade conflict

  

  Oil prices fell on Monday, dragged down by an economic slowdown and worries about the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.

• Friday, August 9th 2019 - 10:41 UTC

  Brazil’s July 12-month inflation 3.22%, and below the 4.5% target

  

  Brazil's inflation rate in July was 0.19%, the lowest rate recorded for that month since 2014, the Brazilian Institute of Geography and Statistics (IBGE) said on Thursday.

• Wednesday, August 7th 2019 - 09:20 UTC

  Cuba to defend itself in US court against oil giant ExxonMobil

  

  Cuba announced on Tuesday it would defend itself in US court against oil giant ExxonMobil, which has accused two companies on the island nation of “unlawful trafficking” of its assets after Fidel Castro's 1959 communist revolution.

• Monday, August 5th 2019 - 12:48 UTC

  Brazil to cut down gas imports from Bolivia

  

  The Brazilian oil company Petrobras has announced that in the coming months it will reduce its imports of Bolivian natural gas, which it still considers to be essential nonetheless.

• Monday, August 5th 2019 - 09:15 UTC

  Paraguayan VP claims only half truths became known about obscure Itaipu deal

  

  Paraguay's Vicepresident Hugo Velázquez said that so far only half truths regarding the somber deal with Brazil about the sale of electricity are known to the public. The affair has left the government of President Mario Abdo on the brink of collapse despite having dodged impeachment before the Senate this past week.

• Friday, August 2nd 2019 - 19:20 UTC

  Brazil agrees to review secret Itaipu deal that nearly cost Paraguay's President Abdo his job

  

  Brazilian President Jair Bolsonaro said he was open to reviewing the controversial recent energy agreement with Paraguay, which cost dignataries from the latter country their jobs and left President Mario Abdo Benitez on the brink of impeachment.

• Friday, August 2nd 2019 - 18:52 UTC

  Argentina's production of oil and gas goes up although Santa Cruz and Mendoza's go down

  

  The output of oil and gas in the Argentine province of Mendoza hit its lowest mark in ten years, contrary to what goes on in the rest of the country, local authorities have announced. The lack of calls for bids during previous administrations has been singled out as the cause of the poor results.