Energy & Oil

Monday, July 22nd 2019 - 09:25 UTC
IMO condemns tanker attacks in Strait of Hormuz and Sea of Oman

The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held from 15-19 July.
Friday, July 19th 2019 - 09:47 UTC
Chile reduces copper price projection for 2019 as China's demand slows down

Chile, the world's largest producer of copper, reduced on Thursday its price projection for the precious metal for 2019 from US$3.05 to US$2.89 per pound due to a drop in demand from the planet's largest consumer, China.
Friday, July 19th 2019 - 08:14 UTC
Two Iranian vessels stranded in Brazil with no fuel because of US sanctions

Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States.
Thursday, July 18th 2019 - 12:51 UTC
Power cuts in Cuba not due to shortage of oil, minister says

The Cuban government Wednesday explained the repeated blackouts in the country but are due to breakdowns in the electricity-producing machinery and not because of a shortage of oil that can be attributed to sanctions by the United States.
Thursday, July 18th 2019 - 12:14 UTC
Montevideo gas workers lift strike after government's announcements

As the Uruguayan state has vowed to take over the administration of departing Montevideo cooking gas suppliers Montevideo Gas and Conecta and jobs have been secured, the UOEGAS workers' union has agreed to end the strike, starting this Friday.
Thursday, July 18th 2019 - 08:29 UTC
Falklands' Sea Lion project boost after Premier announces a very positive half year financial result

Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to US$12 per barrel of oil equivalent (boe) from US$ 13 and expects debt reduction to reach the upper end of its US$ 250-350 million target by year-end.
Wednesday, July 17th 2019 - 10:10 UTC
Uruguayan State to manage Montevideo gas supply as Petrobras leaves country

Uruguay's President Tabaré Vázquez and Petrobras CEO Roberto Castello Branco met Tuesday in Santa Fe, Argentina, to discuss a possible solution to the crisis affecting Montevideo's two gas suppliers, which are both subsidiaries of the Brazilian consortium.
Monday, July 15th 2019 - 03:43 UTC
Power cut hits NYC for almost four hours

Less than a month after a similar episode although at a larger scale happened in almost the entire southern cone, a power cut hit New York for about four hours Saturday, affecting some 72,000 customers, in the city's western area and landmarks such as Times Square, causing havoc and unrest when metro lines and theatres came to a standstill.
Saturday, July 13th 2019 - 14:58 UTC
Brazilian state of Paraná passes antifracking law

Based on environmental grounds, other types of soil exploration that can cause pollution also fall under the scope of this week's new norm.
Monday, July 8th 2019 - 10:15 UTC
Power outage hits Venezuela's largest refinery complex

Venezuela's largest refinery complex has been hit by a power outage, at a time of acute fuel shortages in parts of the crisis-torn oil producer, an opposition lawmaker said on Sunday.