Energy & Oil

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.
Wednesday, December 15th 2021 - 08:42 UTC
Argentina: Pipeline oil spill in Río Negro exceeded 3 million liters

Environment authorities in the Argentine province of Río Negro Tuesday confirmed the oil spill from the Oldelval pipeline in the past few days exceeded 3 million liters, while the company's remediation plan is still to be approved.
Tuesday, December 14th 2021 - 09:30 UTC
Ecuador decrees oil production under 'force majeure'

The Government of Ecuador has declared a situation of force majeure for the country's oil sector due to the effects of erosion in the Coca River, one of the tributaries of the Amazon basin.
Saturday, December 11th 2021 - 09:20 UTC
Brazil 12 month inflation in November at an eighteen year record of 10,74%

Brazil's November inflation reached the highest in eighteen years, 10,74%, almost three times this year's central bank target (3,75%), but the rising trend seems to be flattening, according to the national stats office.
Thursday, December 9th 2021 - 09:49 UTC
Fresh air for Falklands' oil industry: Navitas to become operator with Rockhopper, and Harbour exits

Encouraging news for the Falkland Islands budding hydrocarbons industry. Rockhopper Exploration officially announced on Wednesday that it had reached a new agreement with Navitas Petroleum by which its potential farm-in portion of the Sea Lion project increases significantly, while the current holder of the majority share, Harbour Energy exits the undertaking.