Energy & Oil

• Monday, June 9th 2008 - 21:00 UTC

  OPEC: oil barrel price should be US$ 70; blames speculation

  A weak dollar and geopolitical problems are fueling the speculative bubble in oil markets which should be trading at around half the current price of a barrel said on Monday, OPEC President Chakib Khelil.

• Monday, June 9th 2008 - 21:00 UTC

  Uruguay to make oil potencial presentation in Rome

  

  Uruguay hopes to attract the interest of global oil corporations when it makes a first tentative presentation of recent seismic survey data from its continental shelf next Thursday at the European Association of Geoscientists and Engineers meeting in Rome.

• Sunday, June 8th 2008 - 21:00 UTC

  Oil crisis dominates Group of Eight meeting in Japan

  

  The energy ministers of the world's leading industrialised nations are meeting in Japan amid fears soaring oil prices could damage the global economy.

• Saturday, June 7th 2008 - 21:00 UTC

  Oil keeps breaking records: 16 dollars jump in two days

  

  The oil price rebounded on Friday to gain over ten dollars a barrel to almost 139 while US stock prices plummeted following the report of a sharp rise in unemployment. Oil soared after Israel raised the specter of an Israeli military strike on Iran and reports that it could reach 150 US dollars a barrel by July.

• Wednesday, June 4th 2008 - 21:00 UTC

  Lula defends biofuels and attacks “absurd protectionism”

  Brazilian president Lula da Silva said that “over 800 million people every night go to sleep feeling hungry which is an insult to humanity” and blamed the “intolerable protectionism of wealthy countries” that insulate their farming sectors.

• Wednesday, June 4th 2008 - 21:00 UTC

  Nigeria to name new operator for Shell wells in Ogoniland

  Oil fields abandoned by Royal Dutch Shell in Nigeria's Ogoniland in the Niger Delta 15 years ago will be given to another oil company this year, President Umaru Yar'Adua said on Wednesday during a visit to South Africa, according to press reports.

• Wednesday, June 4th 2008 - 21:00 UTC

  Bolivia says gas supply to neighbors is “guaranteed”

  

  Bolivia said Wednesday that natural gas provision to Brazil and Argentina are guaranteed following this week's nationalization of the Transredes pipeline system which was partly owned by UK's Ashmore and Shell.

• Tuesday, June 3rd 2008 - 21:00 UTC

  Shell CEO says there's no physical shortage of oil in the world

  Oil giant Shell corporation Chief Executive Jeroen van der Veer said on Monday he did not see any shortage of physical oil supplies, echoing the view of many OPEC ministers who say the world market is well-supplied.

• Sunday, June 1st 2008 - 21:00 UTC

  Brazil offers Central America Mercosur and ethanol

  Brazilian president Lula da Silva during his official visit to El Salvador invited Central American nations which are grouped in the integration system, SICA, to join Mercosur and strongly promoted the use of ethanol.

• Thursday, May 29th 2008 - 21:00 UTC

  Argentine industry faces blackouts and more to come

  Argentina again faces a winter shortage of energy and has been forced to cut the provision of natural gas to 300 manufacturing establishments given the rise in domestic consumption of fuel for home heating.