Energy & Oil

• Tuesday, April 5th 2022 - 09:36 UTC

  Bolsonaro still unable to find new Petrobras chief

  

  Brazilian Economist Adriano Pires has turned down President Jair Bolsonaro's offer to chair the state-run oil company Petrobras after dismissing General Joaquim Silva e Luna, who repeatedly adjusted the price of fuel against the head of state's recommendations.

• Thursday, March 31st 2022 - 10:25 UTC

  Uruguayan gov't announces new increase in price of fuel

  

  Uruguayan authorities Wednesday announced the price of fuel at pumps will go up as of Friday, April 1. President Luis Lacalle Pou confirmed that gasoline will go up UR$ 3 (US$ 0.07), from UR$ 74.88 (US$ 1.81) to UR$ 77.88 (US$ 1.88) and UR$ 5 (US$ 0.12) for diesel, from UR$ 53.99 (US$ 1.3) to UR$ 58.99 (US$ 1.49).

• Wednesday, March 30th 2022 - 09:59 UTC

  Cold winter and fuel shortages ahead for Argentina

  

  Argentina is on the world's top short list of countries with the largest reserves of gas, but given its political chaos, rabid nationalism and constant changes to the rules of the game, investors remain shy and Argentina will have to prepare for a cold austral winter and even fuel rationing as it's already happening with diesel, desperately needed to harvest summer crops and prepare the soil for summer sowing.

• Wednesday, March 30th 2022 - 09:53 UTC

  Gas: Bolivia advised to renegotiate with Brazil and sell more to Argentina

  

  While the Bolivian state-run YPFB is yet to report on any progress regarding payment conditions with Brazil for gas sales or the signing of the sixth addendum to the export contract with Argentina, hydrocarbon analysts have insisted on the need to roundup these negotiations given the current situation stemming from Russia's invasion of Ukraine.

• Monday, March 28th 2022 - 09:34 UTC

  EC activates mechanism to compensate the higher costs of fishing industry

  

  The European Commission activated a crisis mechanism to compensate for the rise in diesel prices, a situation linked to the war in Ukraine and that is having a significant impact on the European fisheries sector.

• Friday, March 25th 2022 - 09:30 UTC

  Force-majeure applies to pre-war Russian diesel shipments bound for Ecuador

  

  Ecuador's oil ruling entity Petroecuador has granted force majeure exemptions to shipments of Russian diesel which were already underway when the invasion of Ukraine started and western powers replied by imposing sanctions on Vladimir Putin's government

• Tuesday, March 22nd 2022 - 09:43 UTC

  Boris Johnson promoting energy security with the nuclear industry

  

  British Prime Minister Boris Johnson hosted a roundtable at Downing Street on Monday with leaders from the nuclear industry to discuss how to improve domestic energy security and rapidly accelerate nuclear projects in the UK.

• Monday, March 21st 2022 - 09:43 UTC

  Petropar lowers price of fuel at pumps effective March 21

  

  The price of fuel at pumps in Paraguay will be reduced as of Monday, the state-run company Petropar has announced.

• Thursday, March 17th 2022 - 20:55 UTC

  Paraguayan truckers to lift protests if stabilization fund bill is approved

  

  A group of union leaders representing Paraguyay's lorry drivers Thursday announced they would lift the road blockades if the Senate passes the bill to create a fuel price stabilization fund.

• Thursday, March 17th 2022 - 20:53 UTC

  Increase in fuel price, a crime against Brazilians, says Bolsonaro

  

  Brazil's oil company Petrobras came under heavy criticism Wednesday from President Jair Bolsonaro, who claimed the decision to raise the price of fuel at pumps was both “absurd” and “a crime against the population.”