Energy & Oil

• Thursday, January 20th 2022 - 20:16 UTC

  December 2021 marks record oil output for Argentina in last 9 years

  

  In the last month of 2021, Argentina has recorded a total oil output of around 559,000 barrels per day (BPD), thus reaching the highest production for the country over the past nine years, it was reported Thursday.

• Tuesday, January 18th 2022 - 20:37 UTC

  COVID-19 and military unrest drive price of Brent crude up

  

  The international price of Brent crude Tuesday rose by 1.6% to nearly US $ 88 per barrel, its highest mark since late 2014, amid numerous problems regarding supply due to both the COVID-19 pandemic and also warlike episodes in the Middle East, it was reported.

• 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.