Energy & Oil

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.
Thursday, August 1st 2019 - 09:25 UTC
Argentina expanding LNG pipeline from Vaca Muerta to Buenos Aires

Argentina on Wednesday launched an international tender for a multibillion-dollar pipeline to transport natural gas from the Vaca Muerta shale formation in the western part of the country to capital Buenos Aires. Bids will be opened on September 12.
Wednesday, July 31st 2019 - 10:58 UTC
Financial submission for developing Falkland Islands' Sea Lion project

Rockhopper Exploration PLC on Tuesday said it has submitted an early information memorandum to potential lenders for the Sea Lion project in the Falkland Islands.
Wednesday, July 31st 2019 - 09:46 UTC
Maduro and Guaidó desperate: Venezuela on the verge of losing Citgo to an arbitration award

Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award.