Energy & Oil

Wednesday, December 23rd 2020 - 09:30 UTC
Peruvian agriculture export companies workers take to highways to renew protests

Workers from agricultural export companies in Peru renewed protests this week after Congress failed to reach an agreement to reform the sector and address their complaints about poor pay.
Monday, December 7th 2020 - 09:04 UTC
ExxonMobil will concentrate its growth ambitions in Brazil and Guyana

ExxonMobil expects Brazil and Guyana will be key drivers for the company’s growth ambitions in the future, as the US super-major looks to concentrate the bulk of exploration and production development activities in the two South American nations, apparently leaving aside the shale deposits in Argentina.
Wednesday, December 2nd 2020 - 09:00 UTC
Navitas committed to offshore Falklands Sea Lion project farm in

Rockhopper Exploration has confirmed that Navitas Petroleum remains committed to its proposed farm-in to the Sea Lion oil and gas project offshore the Falkland Islands, the company announced on its site.
Tuesday, December 1st 2020 - 08:44 UTC
OPEC and allies postpone talks amid disagreements on how much oil to pump

OPEC and allies led by Russia postponed talks on oil output policy for 2021 to Thursday, sources said on Monday as key players still disagreed on how much oil they should pump amid weak demand due to the coronavirus pandemic.
Monday, November 30th 2020 - 09:34 UTC
Oil-rich Middle East and its inevitable declining power

By Gwynne Dyer – The only officials present were American and Saudi,” tweeted the Saudi Arabian foreign minister, Prince Faisal bin Farhan Al Saud, but he was lying. Israeli Prime Minister Benjamin Netanyahu really did fly in to Saudi Arabia to spend a few hours with Crown Prince Mohammed bin Salman and US Secretary of State Mike Pompeo.
Friday, November 27th 2020 - 09:42 UTC
Venezuela resumes direct shipments of oil to China despite US sanctions

Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA).
Tuesday, November 24th 2020 - 09:22 UTC
Chile expects a bull market for copper next year

Chile’s copper production will likely rise by 0.6% to 5.82 million tons in 2020, state copper commission Cochilco said on Monday, and to 5.99 million tons in 2021. Cochilco estimated that the copper price will average US$ 2.75 per pound in 2020, before rising to US$ 2.90 per pound in 2021.
Saturday, November 21st 2020 - 09:21 UTC
Argentina presents incentives to attract investors for its “Gas Plan”

Companies that participate in Argentina’s natural gas production plan will have free access to the official foreign exchange market, the central bank said this week, opening a loophole in tight capital controls that have been in place for more than a year.
Tuesday, November 17th 2020 - 09:34 UTC
Brazil is emerging as the world's leading offshore oil producer

By Matthew Smith for Oilprice.com – Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy.
Tuesday, November 10th 2020 - 09:39 UTC
US markets react strongly to president-elect Biden's announcement and Pfizer vaccines results

The S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a late-stage Covid-19 vaccine trial.