Brazil increased the volume of biodiesel blended with diesel sold at the pump to 12% from 11% on Sunday, the latest increase to a biofuels mandate that aims to decrease Latin America's largest economy's dependence on imported barrels.
The Cuban government has ordered a cement factory to burn old tyres to power its operations and save on oil, amid a worsening fuel shortage brought on by US sanctions on the Communist island.
U.S. Energy Secretary Dan Brouillette said that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change.
Brazilian consumer price inflation bounced back to seven-month highs in November from ultra-low levels the month before, led by the rising cost of meat and regulated prices like electricity, official figures showed on Friday.
When oil executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. This signals a dramatic change from only a year ago.
Brazil’s mines and energy minister, Bento Albuquerque, said the country expects to resume production at the country’s only uranium mine before the end of the year and would open the sector to private companies.
Russia will find ways to help Cuba get oil and petroleum products, Russian Prime Minister Dmitry Medvedev said in an interview broadcast on Saturday. Medvedev pledged to help develop Cuba’s energy sector during a visit to the island this week but did not announce any short-term measures to provide relief from crippling fuel shortages in the wake of tougher U.S. sanctions.
Mexican President Andres Manuel Lopez Obrador said that his government is not seeking to take control of the Zama oilfield discovery, which is currently operated by a private consortium led by U.S.-based Talos Energy. The statement follows on a report from Reuters earlier in the week saying that Mexico’s national oil company, Pemex, wants to take control of Zama from Talos.
By Andrés Bello (*) - Argentine President Mauricio Macri seems almost certain to lose his country’s presidential election next month, after committing the same kinds of economic policy mistakes that so many of his Peronist predecessors made. It is a tragic and catastrophically disappointing denouement.
Argentina on Wednesday launched an international tender for a multibillion-dollar pipeline to transport natural gas from the Vaca Muerta shale formation in the western part of the country to capital Buenos Aires. Bids will be opened on September 12.