Energy & Oil

• Tuesday, December 30th 2025 - 09:55 UTC

  Power cuts reported in São Paulo due to heavy rains

  

  Some 31,000 households were left without electricity on Monday in São Paulo after heavy rains late in the afternoon, leading to a Civil Defense flooding alert in South America's largest city.

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• Monday, December 29th 2025 - 10:50 UTC

  Argentina: Lithium producers foresee prosperous 2026

  

  Argentine lithium producers have expressed optimism towards 2026 after the mineral's global market showed strong signs of recovery, with major financial institutions and industry bodies projecting a significant price rebound and a massive production surge over the next two years.

• Saturday, December 27th 2025 - 10:23 UTC

  Panama to sanction tankers intercepted by US

  

  The Government of Panama will take disciplinary action against several oil tankers registered under its flag targeted by the United States for alleged irregularities, Foreign Minister Javier Martínez-Acha announced Friday. These vessels “failed to respect Panamanian maritime legislation,” he explained.

• Wednesday, December 24th 2025 - 11:05 UTC

  Oil prices surge amid US-Venezuela standoff

  

  International oil benchmarks posted modest gains on Tuesday as the market entered a holiday-shortened week. Investors remained focused on the escalating geopolitical friction between Washington and Caracas, which has introduced a risk premium into an otherwise oversupplied market.

• Tuesday, December 23rd 2025 - 10:58 UTC

  General strike cripples Bolivia over so-called “Gasolinazo”

  

  Thousands of miners, coca growers, and labor activists descended on the seat of government on Monday, marking the first day of a national general strike against Bolivian President Rodrigo Paz Pereira's decision to terminate fuel subsidies. The mobilization, led by the Bolivian Workers' Union (COB), has effectively paralyzed the capital and several other major departments.

• Monday, December 22nd 2025 - 10:34 UTC

  Venezuela: Chevron tanker departs for Texas

  

  The Canopus Voyager, a tanker operated by US energy giant Chevron, departed Venezuelan waters on Sunday carrying 500,000 barrels of crude oil destined for Texas. The shipment proceeds despite an aggressive campaign by the President Donald Trump administration to intercept Venezuelan oil exports in international waters.

• Monday, December 22nd 2025 - 10:08 UTC

  Uruguay and HIF reach agreement for green hydrogen complex

  

  The Government of Uruguay and the multinational firm HIF Global have signed a Memorandum of Understanding (MoU) to develop a synthetic fuels project in the department (province) of Paysandú, representing a record-breaking investment of over US$5.3 billion.

• Friday, December 19th 2025 - 09:02 UTC

  Argentine gas brings relief to electricity generation in Uruguay

  

  Uruguay's state-owned electricity company UTE (technically the Administración Nacional de Usinas y Transmisiones Eléctricas) announced this week that importing gas from neighboring Argentina has resulted in savings of around US$3 million in the first seven days.

• Thursday, December 18th 2025 - 08:11 UTC

  Bolivian President ends fuel subsidies, raises minimum wage

  

  Bolivian President Rodrigo Paz Pereira has announced a drastic economic overhaul, declaring a state of “economic, financial, energetic, and social emergency,” which includes ending fuel subsidies that have been in place for over 20 years and implementing a significant increase in the minimum wage to offset the resulting inflation.

• Wednesday, December 17th 2025 - 21:23 UTC

  Venezuela's PDVSA vows to continue global oil exports

  

  Venezuela’s state-owned oil company PDVSA declared Wednesday that its export operations remain fully functional, signaling a defiant stance against a newly announced naval blockade by US President Donald Trump.