Energy & Oil

• Wednesday, June 22nd 2022 - 09:28 UTC

  Bolsonarists looking for strategies to halt fuel price increases

  

  While Brazil's Energy Minister Adolfo Sachsida appeared Tuesday before the Lower House to answer questions about the current situation regarding the state-owned oil company Petrobras, the Government of President Jair Bolsonaro is concocting other strategies to curb the neverending increases in the price of fuel.

• Tuesday, June 21st 2022 - 09:24 UTC

  German “Green” minister admits electricity coal burning plants will have to go back into production

  

  Germany will have to increase the burning of coal for electricity production, because of the cut in gas supplies from Russia, economy minister Robert Habeck announced, despite his Greem party's policy favoring green energy and eliminating fossil fuel.

• Tuesday, June 21st 2022 - 09:21 UTC

  Petrobras CEO Coelho bows to pressure and resigns

  

  After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil's state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people.

• Tuesday, June 7th 2022 - 21:06 UTC

  Argentina: 19 provinces hit by shortage of diesel fuel

  

  The shortage of diesel fuel, which at first affected only 8 provinces, has spread to the extent that Patagonia is the only region not yet going through a crisis, it was reported.

• Tuesday, June 7th 2022 - 09:39 UTC

  Rains bring relief to Paraguay and Paraná rivers

  

  The Paraná and Paraguay rivers have noticeably begun their recoveries from year-long downspouts after constant rains in the past few days, Paraguayan authorities have reported.

• Thursday, June 2nd 2022 - 09:17 UTC

  Argentina to up imports to meet increasing fuel demand

  

  Argentina's Federal Government Wednesday announced new measures to guarantee the proper supply of diesel fuel nationwide after governors of the country's 10 Grand North provinces complained last Friday of recurrent shortages.

• Wednesday, June 1st 2022 - 10:55 UTC

  New increase in price of fuel announced in Uruguay

  

  The Uruguayan Government of President Luis Lacalle Pou finally announced an increase in the price of fuel at pumps, with which 'Super' gasoline will have risen 15% and 50S diesel 30% so far in 2022. The new increase in the price of fuels will come into effect June 1.

• Tuesday, May 31st 2022 - 07:35 UTC

  Presidents of Paraguay and Argentina oversee dam project

  

  Paraguayan President Mario Abdo Benítez Monday welcomed his Argentine counterpart Alberto Fernández in Ayolas, 305 kilometers from Asunción, to attend a series of events involving joint undertakings in energy production.

• Monday, May 30th 2022 - 09:09 UTC

  Uruguayan pumps ask gov't not to rise price of fuel until next month

  

  Gasoline retailers in Uruguay have asked the Government of President Luis Lacalle Pou to put on hold “for a few more days” the increase in the price of fuel reportedly to be announced shortly.

• Saturday, May 28th 2022 - 10:10 UTC

  Bolivia to import diesel to relief drivers in the west

  

  Bolivia's state-run oil company YPFB will import 2.5 million liters of diesel fuel from Chile to reverse the current shortage, it was announced.