Energy & Oil

Tuesday, June 21st 2022 - 09:24 UTC
German “Green” minister admits electricity coal burning plants will have to go back into production

Germany will have to increase the burning of coal for electricity production, because of the cut in gas supplies from Russia, economy minister Robert Habeck announced, despite his Greem party's policy favoring green energy and eliminating fossil fuel.
Tuesday, June 21st 2022 - 09:21 UTC
Petrobras CEO Coelho bows to pressure and resigns

After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil's state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people.
Tuesday, June 7th 2022 - 21:06 UTC
Argentina: 19 provinces hit by shortage of diesel fuel

The shortage of diesel fuel, which at first affected only 8 provinces, has spread to the extent that Patagonia is the only region not yet going through a crisis, it was reported.
Tuesday, June 7th 2022 - 09:39 UTC
Rains bring relief to Paraguay and Paraná rivers

The Paraná and Paraguay rivers have noticeably begun their recoveries from year-long downspouts after constant rains in the past few days, Paraguayan authorities have reported.
Thursday, June 2nd 2022 - 09:17 UTC
Argentina to up imports to meet increasing fuel demand

Argentina's Federal Government Wednesday announced new measures to guarantee the proper supply of diesel fuel nationwide after governors of the country's 10 Grand North provinces complained last Friday of recurrent shortages.
Wednesday, June 1st 2022 - 10:55 UTC
New increase in price of fuel announced in Uruguay

The Uruguayan Government of President Luis Lacalle Pou finally announced an increase in the price of fuel at pumps, with which 'Super' gasoline will have risen 15% and 50S diesel 30% so far in 2022. The new increase in the price of fuels will come into effect June 1.
Tuesday, May 31st 2022 - 07:35 UTC
Presidents of Paraguay and Argentina oversee dam project

Paraguayan President Mario Abdo Benítez Monday welcomed his Argentine counterpart Alberto Fernández in Ayolas, 305 kilometers from Asunción, to attend a series of events involving joint undertakings in energy production.
Monday, May 30th 2022 - 09:09 UTC
Uruguayan pumps ask gov't not to rise price of fuel until next month

Gasoline retailers in Uruguay have asked the Government of President Luis Lacalle Pou to put on hold “for a few more days” the increase in the price of fuel reportedly to be announced shortly.
Saturday, May 28th 2022 - 10:10 UTC
Bolivia to import diesel to relief drivers in the west

Bolivia's state-run oil company YPFB will import 2.5 million liters of diesel fuel from Chile to reverse the current shortage, it was announced.
Saturday, May 28th 2022 - 10:01 UTC
Argentine northern provinces decry fuel shortage

The Governor of the Argentine province of Misiones, Oscar Herrera Ahuad, Friday warned that the shortage of diesel fuel was particularly detrimental to the yerba mate sector, which is halfway through its harvest season