Energy & Oil

Monday, October 18th 2021 - 09:03 UTC
Uruguay saves money with environment-friendly electricity

Uruguay has become the second country in the world when it comes down to wind-generated electricity, thanks to 43 eolic parks which produce a third (33%) of the electricity consumed nationwide, which has represented savings above US $ 125 million in 2020 alone.
Monday, October 18th 2021 - 08:49 UTC
Puerto Rosales to invest in monobuoys to allow for more Argentine crude exports

Puerto Rosales in the Argentine city of Punta Alta continues to consolidate itself as the main point of exit of crude oil from Vaca Muerta, having dispatched so far 900,000 tons in 2021.
Friday, October 15th 2021 - 01:27 UTC
Bolsonaro now wants Petrobras privatized

Brazil's President Jair Bolsonaro Thursday hinted he might put the national oil company Petrobras up for sale after being criticized for an increase in the price of fuel. During the 2018 presidential campaign, the retired Army Captain said he would only privatize it “if there was no other solution.”
Thursday, October 14th 2021 - 14:58 UTC
Putin anticipates the price of crude could reach US$ 100 a barrel

The price of crude could rise to US$ 100 per barrel in coming weeks, anticipated Russian president Vladimir Putin during the Energy Week conference held in Moscow.
Wednesday, October 13th 2021 - 22:08 UTC
Petition for Piñera's impeachment filed at Chile's Lower House

Chilean Deputies Wednesday filed for the impeachment of President Sebastián Piñera for his ivolvement in financial and entrepreneurial transactions disclosed earlier this month in the so-called Pandora Papers.
Wednesday, October 13th 2021 - 15:16 UTC
Double digit inflation in Brazil spiked by increasing fuel and food costs

Brazilian market analysts raised their forecasts for inflation and the Selic key interest rate for 2022 as increasing fuel and food costs plus resurgent demand for services are spiking prices as the pandemic seems to be coming to an end.
Sunday, October 10th 2021 - 19:41 UTC
US will not release strategic reserve and Brent oil climbs to US$ 83 the barrel

By Julianne Geiger for Oilprice.com - The Unite States Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports, Bloomberg’s Javier Blas reported on Twitter.
Thursday, October 7th 2021 - 09:37 UTC
Uruguay eyes energy exports from sea wind farms

The government of Uruguay is willing to promote the generation of energy for export, by installing wind farms with wind turbines on the maritime platform, it was reported Wednesday in Montevideo.
Wednesday, October 6th 2021 - 05:15 UTC
Argentina now sells gas to Chile and Brazil

Argentina is now in a position to sell gas to neighbouring Chile and Brazil thanks to the Gas Plan and Vaca Muerta's potential, it was announced.
Wednesday, October 6th 2021 - 05:09 UTC
Tension between France, UK escalates over fishing licenses vs. electricity supply

French authorities have warned they would cut power supply to the United Kingdom Tuesday in the latest episode of the English Channel fisheries saga, it was reported.