Energy & Oil

Friday, September 20th 2019 - 09:57 UTC
Bolsonaro: Petrobras behind fuel price increase, not government

Brazil's President Jair Bolsonaro Thursday explained that his government had nothing to do with the rise in the price of gasoline and diesel fuel, which followed the raid on Saudi Arabian facilities over the weekend.
Thursday, September 19th 2019 - 22:13 UTC
Ancap loses lawsuit worth over 10 million dollars to Petrobras and Axion

Uruguay's oil and energy Ancap must pay US $ 10 million to fuel distributors Petrobras and Axion after losing a 2017 lawsuit filed when the plaintiffs saw their profit margins narrowed by local regulations, the Montevideo El Observador newspaper reported.
Thursday, September 19th 2019 - 10:32 UTC
Argentina defreezes fuel price meaning 4% increase at pumps

Effective this Thursday, the government of Argentina agreed to defreeze the price of fuel and thus authorize a 4 percent increase after yielding to pressure from province governors and oil companies as the barrel of crude also goes up globally.
Tuesday, September 17th 2019 - 09:51 UTC
US markets in the red following attacks on Saudi oil production

US stocks tumbled into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy.
Tuesday, September 17th 2019 - 09:49 UTC
US ready for a response to attack on Saudi oil facilities; China and Russia call for restrain

The United States readied its response on Monday to the “unprecedented” attack on Saudi oil facilities as President Donald Trump said Iran was likely to blame, fanning new fears of conflict in the Gulf region.
Monday, September 16th 2019 - 09:05 UTC
Gas well catches fire at Argentina's Vaca Muerta shale formation

Argentina’s state-controlled oil company YPF said a gas well caught fire at its vast shale oil and gas formation of Vaca Muerta early on Sunday following a gas leak on the previous day.
Monday, September 16th 2019 - 08:38 UTC
Trump releases oil from strategic reserves following drone attacks on Saudi oil fields

President Donald Trump announced on Sunday evening that he has authorized the release of oil from the Strategic Petroleum Reserve following attacks on Saudi Arabian oil fields and refineries.
Thursday, September 12th 2019 - 18:56 UTC
The Mexican Treasury to the rescue of debt-laden oil company Pemex

Mexico's US$5 billion rescue package to pay down debt at Pemex is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said.
Monday, September 9th 2019 - 09:45 UTC
OPEC+ wants to further cut output to support oil price, but admits it no longer controls the market

Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.
Saturday, September 7th 2019 - 09:58 UTC
Venezuela land dispute with Guyana on front stage and Guaido accused of high treason

Venezuelan prosecutors said Friday they would charge opposition leader Juan Guaido with “high treason” for planning to renounce the country's claim to a disputed border area controlled by Guyana.