Energy & Oil

• Wednesday, June 17th 2020 - 17:57 UTC

  Brazil temporarily lowers biodiesel content of diesel, given the strong demand from harvest time

  

  Brazil's National Petroleum Agency, ANP, temporarily reduced the volume of biodiesel blended with diesel sold at the pump to 10% from 12% for the next five days in an emergency move, the country's lead regulator for the oil and natural gas industry said Tuesday.

• Wednesday, June 17th 2020 - 12:09 UTC

  Investment inflows to Latina America forecasted to halve from US$ 164 billion

  

  Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.

• Tuesday, June 16th 2020 - 08:20 UTC

  Tens of oil wells offline because of sabotage operations in Colombia

  

  Colombia’s majority state-owned oil company Ecopetrol denounced on Sunday the sabotage of 31 wells at an oil field in the northeast of the country, which put the wells offline and led to oil being spilled.

• Thursday, June 11th 2020 - 08:51 UTC

  Petrobras record exports of fuel oil, low in sulphur content

  

  Brazil's oil and gas giant Petrobras during the month of Maye exported 1.11 million tons of fuel oil, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% above the volume exported in May last year.

• Wednesday, June 10th 2020 - 08:41 UTC

  Falklands will continue to invest in improving quality of life and prosperity of its people

  

  The Falkland Islands remain confident of the British government's support and defense of their sovereignty and self-determination right, and is working closely with London to ensure the Falklands interests are contemplated in the Brexit negotiations.

• Sunday, June 7th 2020 - 10:16 UTC

  Brazil: producers of hydrated ethanol fuel can sell directly to gas station owners

  

  Brazil’s CNPE national energy council approved a resolution that establishes rules allowing producers of hydrated ethanol fuel to sell directly to gas station owners, according to a statement. Oil regulator ANP will now be able to take steps to put the new rules into practice, the statement said.

• Monday, June 1st 2020 - 08:54 UTC

  Venezuela announces the end of subsidized fuel prices together with privatized service stations

  

  Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. Although the country has huge oil reserves, production has collapsed and Venezuelans are facing dire shortages - exacerbated by the impact of COVID-19 on the economy.

• Monday, June 1st 2020 - 08:49 UTC

  Oil prices fall because of concerns about extended rioting in major US cities

  

  Oil prices fell due to concerns about riots in major US cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June.

• Wednesday, May 27th 2020 - 08:15 UTC

  Coronavirus reaches the oil rigs off the coast of Brazil

  

  Norway's Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.

• Tuesday, May 26th 2020 - 07:45 UTC

  Iranian tankers unloading much needed gasoline in Venezuela

  

  The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, Caracas announced amid concern in Washington over the burgeoning relationship between countries it sees as international pariahs.