Energy & Oil

Friday, January 28th 2022 - 09:45 UTC
YPF granted loan to boost clean energy developments

Argentina's state-run oil company YPF has been granted a US $ 300 million loans, which “shows the confidence of the markets in the results obtained by the company in 2021,” it was announced.
Friday, January 28th 2022 - 09:34 UTC
With help from Iran and China, Venezuela recovering part of its production

By Felicity Bradstock for Oilprice.com – Venezuela appears to be following in Iran’s footsteps by starting to ignore U.S. sanctions on its oil industry to once again develop its substantial crude reserves. After years of stalling and losing out on international investment as well as vital revenues, Venezuela looks to be set to increase its oil production, fostering relationships with key export markets that are willing to risk U.S. retaliation to the move.
Thursday, January 27th 2022 - 19:50 UTC
Bolivia's gas output problems spells collapse for Argentine reserves

Just when the deal between IEASA and Bolivia's YPFB for the supply of gas is about to end (Jan. 31), Argentina has been offered 35% less for the winter compared to previous years, it was reported.
Thursday, January 20th 2022 - 20:16 UTC
December 2021 marks record oil output for Argentina in last 9 years

In the last month of 2021, Argentina has recorded a total oil output of around 559,000 barrels per day (BPD), thus reaching the highest production for the country over the past nine years, it was reported Thursday.
Tuesday, January 18th 2022 - 20:37 UTC
COVID-19 and military unrest drive price of Brent crude up

The international price of Brent crude Tuesday rose by 1.6% to nearly US $ 88 per barrel, its highest mark since late 2014, amid numerous problems regarding supply due to both the COVID-19 pandemic and also warlike episodes in the Middle East, it was reported.
Tuesday, January 18th 2022 - 20:30 UTC
South American countries might form “lithium OPEC”

Developers in Argentina, Bolivia, Chile, and possibly Peru are evaluating the idea of creating an association of lithium-producing countries that will function like the mineral's OPEN for the region.
Tuesday, January 18th 2022 - 09:50 UTC
Brazil's Senate wants to tackle fuel prices

Brazil's Senate Speaker Rodrigo Pacheco Monday said that come February he intends to put up for voting a bill aimed at creating stability in the price of fuel.
Tuesday, January 18th 2022 - 09:26 UTC
UK power prices peaked Monday evening because of low wind generation

By Tsvetana Paraskova for Oilprice.com – UK peak-hour power prices for Monday evening through 6 p.m. surged to the highest level in a month due to low wind power generation during the weekend.
Wednesday, January 12th 2022 - 20:54 UTC
Venezuela resumes crude exports after nine months

Venezuela's state-run PDVSA will begin exporting diluted crude oil (DCO) this week after a nine-month stoppage, it was reported in Caracas. The last time PDVSA shipped diluted crude to Asia was in April last year.
Wednesday, January 12th 2022 - 09:50 UTC
Some 700,000 households without electricity amid intense heat in Buenos Aires

Power cuts hit over 700,000 households in the Buenos Aires Metropolitan Area (AMBA) as intense heat resulted in extra demand of electricity for air conditioning devises from a network that has been enduring poor maintenance for ages, thus resulting in numerous protests from people who in addition to putting up with those temperatures were forced to dispose on tons of unrefrigerated food.