Energy & Oil

Saturday, June 20th 2020 - 10:10 UTC
US blacklists Mexican companies involved in failed oil-for-food contract with Venezuela's Maduro

The United States blacklisted Mexican company Libre Abordo and a related firm, accusing them of helping Caracas evade US sanctions in the first formal action taken by the US Treasury Department against Mexican companies involved in trading Venezuelan oil.
Thursday, June 18th 2020 - 20:10 UTC
Vatican urges Catholics to disinvest from fossil fuel industries

The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment.
Wednesday, June 17th 2020 - 18:16 UTC
US energy sector anticipates sweeping changes is Biden reaches the White House

Rapidan Energy Group predicts sweeping changes for the energy sector if former Vice President Joe Biden beats US President Donald Trump in November. Biden's policies would have global implications for energy trade, altering US/China relations, the pace of Iran's oil recovery, trans-Atlantic climate action and other factors.
Wednesday, June 17th 2020 - 17:57 UTC
Brazil temporarily lowers biodiesel content of diesel, given the strong demand from harvest time

Brazil's National Petroleum Agency, ANP, temporarily reduced the volume of biodiesel blended with diesel sold at the pump to 10% from 12% for the next five days in an emergency move, the country's lead regulator for the oil and natural gas industry said Tuesday.
Wednesday, June 17th 2020 - 12:09 UTC
Investment inflows to Latina America forecasted to halve from US$ 164 billion

Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.
Tuesday, June 16th 2020 - 08:20 UTC
Tens of oil wells offline because of sabotage operations in Colombia

Colombia’s majority state-owned oil company Ecopetrol denounced on Sunday the sabotage of 31 wells at an oil field in the northeast of the country, which put the wells offline and led to oil being spilled.
Thursday, June 11th 2020 - 08:51 UTC
Petrobras record exports of fuel oil, low in sulphur content

Brazil's oil and gas giant Petrobras during the month of Maye exported 1.11 million tons of fuel oil, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% above the volume exported in May last year.
Wednesday, June 10th 2020 - 08:41 UTC
Falklands will continue to invest in improving quality of life and prosperity of its people

The Falkland Islands remain confident of the British government's support and defense of their sovereignty and self-determination right, and is working closely with London to ensure the Falklands interests are contemplated in the Brexit negotiations.
Sunday, June 7th 2020 - 10:16 UTC
Brazil: producers of hydrated ethanol fuel can sell directly to gas station owners

Brazil’s CNPE national energy council approved a resolution that establishes rules allowing producers of hydrated ethanol fuel to sell directly to gas station owners, according to a statement. Oil regulator ANP will now be able to take steps to put the new rules into practice, the statement said.
Monday, June 1st 2020 - 08:54 UTC
Venezuela announces the end of subsidized fuel prices together with privatized service stations

Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. Although the country has huge oil reserves, production has collapsed and Venezuelans are facing dire shortages - exacerbated by the impact of COVID-19 on the economy.