Energy & Oil

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.
Tuesday, January 11th 2022 - 13:41 UTC
North Sea Oil Operators Set For Near Record Cash Flows

By Tsvetana Paraskova for Oilprice.com – UK North Sea operators will see near-record cash margins and profits this year as they will look to extend field lives amid high oil and gas prices in a “now or never” regulatory environment, energy consultancy Wood Mackenzie says.
Thursday, January 6th 2022 - 00:20 UTC
Posco announces US $ 830 million investment in Argentina

Posco Argentina's CEO KwangBok Kim Wednesday announced an US $ 830 million investment after a meeting with Cabinet Chief Juan Manzur. Also present at the gathering was company director SungKook Chung.
Wednesday, January 5th 2022 - 10:00 UTC
OPEC+ keeps to schedule and will add 400,000 bpd oil production In February

By Tsvetana Paraskova for Oilprice.com – The OPEC+ group decided on Tuesday to add another 400,000 barrels per day to its total oil production in February in a widely expected move to continue easing the cuts each month.
Monday, January 3rd 2022 - 09:19 UTC
China cuts subsidies to the manufacture of electric vehicles

China has announced it will cut subsidies for green energy vehicles such as electric cars by 30%, beginning January this year. A release from the Ministry of Finance said that the subsidies policy, NEV 2022 will be definitively closed by 31 December 2022.
Thursday, December 23rd 2021 - 20:30 UTC
Almost 30 tons of illegally extracted coltan taken away from Colombian guerrillas

According to reports published this week, Colombian law enforcement authorities have seized some 30 tons of coltan in the last six months from Colombian Revolutionary Armed Forces (FARC) and National Liberation Army (ELN) dissidents, who, according to the Prosecutor's Office, allegedly exploited indigenous people to extract the mineral.
Thursday, December 23rd 2021 - 20:20 UTC
Argentina's oil exports on the rise

Two shipments of Vaca Muerta crude oil carrying around 490,000 barrels each from Puerto Rosales to Porto Alegre in Brazil represent a sizeable increase in exports from the Neuquén Basin, it was reported.
Friday, December 17th 2021 - 21:20 UTC
Picture of canvas swimming pool to contain oil spill in Argentina goes viral

The picture of a canvas swimming pool designed for the backyard of a modest income family has been used by oil pipeline operators Oldelval to contain a crude spill of over 3 million liters in Argentine Patagonia has gone viral.
Thursday, December 16th 2021 - 09:00 UTC
Gov't of Haiti and transport unions reach deal over price of fuel

A memorandum of understanding was signed Wednesday between the Government of Haiti and transport unions barely a week after an increase in the price of fuels was decreed by Prime Minister Ariel Henry.