Energy & Oil

• 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.

• 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.