Energy & Oil

Friday, May 25th 2018 - 08:50 UTC
Brazil truckers strike: Government says a 15-day truce had been reached

Brazil's government said late Thursday that a deal had been reached with truckers to suspend a four-day-old strike that caused fuel shortages, cut into food deliveries, backed up exports and threatened airline flights.
Thursday, May 24th 2018 - 07:32 UTC
China expected to import record volumes of US oil and soy, to help ease trade tensions with the US

China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signaled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.
Thursday, May 24th 2018 - 07:20 UTC
Brazil lowers diesel prices 10%, but truckers' strike continues threatening grain exports

Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.
Tuesday, May 22nd 2018 - 07:36 UTC
Trucks loaded with soybeans block main highways in Brazil to protest fuel prices

Brazil lorry drivers blocked major roadways around the capital of the country's largest grain state to protest increases in domestic fuel prices, affecting highways in 18 states, the federal highway police said on Monday.
Saturday, May 19th 2018 - 06:58 UTC
A “transformational” year for Falklands Sea Lion development, says Rockhopper Exploration

Rockhopper Exploration PLC at its annual general meeting on Friday said 2018 could be “transformational” as it seeks to secure funding for its Sea Lion project in the Falkland Islands. Rockhopper said it has nearly completed selecting the main contractors for the project, in the Falklands, as well as vendor funding worth US$ 400 million.
Friday, May 18th 2018 - 08:24 UTC
Oil hits US$ 80, its highest level since 2014; London's FTSE on new all time-high

Benchmark oil contract Brent North Sea hit its highest level since late 2014 on Thursday, breaching US$ 80 per barrel, with some market players predicting it could rise all the way to US$ 100. Higher oil prices, in turn, pushed the shares of energy firms in European stock markets higher, helping London's FTSE to set a new all-time high, and the Paris CAC to establish a fresh 2018 peak.
Thursday, May 17th 2018 - 18:02 UTC
IEA: High Oil Prices “Taking A Toll” On Demand

Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.
Monday, May 14th 2018 - 08:27 UTC
UK sponsors seminar on “Innovation in the lithium supply chain” at Chile's Mining Fair

The British Embassy in Santiago and the Infrastructure and Energy Sector at the Inter-American Development Bank (IDB) organized during Chile's Expomin 2018 Mining Fair the international seminar, “Innovation in the lithium supply chain. Views from Latin America and the United Kingdom”. Britain participated with a pavilion at Expomin, which is the largest mining exhibition in the Latin-American region.
Monday, May 14th 2018 - 08:05 UTC
UK present at Chile's Expomin 2018, with a display of British expertise in mining

The Santiago office of the Department for International Trade (DIT) and the British Embassy participated at Expomin 2018, as part of the Embassy’s campaign to support British companies in the mining sector. This is the second time that the UK has attended and participated with a British Pavilion.
Saturday, May 12th 2018 - 09:37 UTC
Leading global oil companies interested in Argentina offshore blocks auction

Oil firms, including Norway’s Statoil, U.S.’ Anadarko Petroleum Corp, China’s CNOOC and Malaysia’s Petronas, have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said.