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MercoPress, en Español

Montevideo, April 1st 2026 - 09:40 UTC

Tag: oil

  • Tuesday, March 31st 2026 - 03:58 UTC

    Oil tops $114 a barrel as Iran conflict drives record monthly surge

    The rally comes as the conflict between the United States, Israel, and Iran enters its fifth week with no clear resolution in sight

    Brent crude, the European benchmark, closed Monday at $112.78 per barrel and continued climbing in the futures market past $114, its highest level since July 2022. Oil has surged roughly 55% in March, the largest monthly gain since the contract's inception in 1988.

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  • Monday, March 30th 2026 - 01:16 UTC

    US allows Russian oil tanker to reach Cuba in easing of energy blockade

    Russia had announced weeks earlier that it was considering sending crude to Cuba on humanitarian grounds, even though the decision amounted to a direct challenge to Washington

    The United States authorized the passage of a Russian oil tanker loaded with crude bound for Cuba, in the first easing of the de facto energy blockade Washington has imposed on the island since the start of the year, The New York Times reported, citing a U.S. official.

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  • Tuesday, January 6th 2026 - 10:00 UTC

    Brazil's oil and gas production has its ups and downs in late 2025

    “We project producing 2.5 million barrels of oil per day throughout this year,” Chambriard said

    Brazil's oil and natural gas production totaled 4.921 million barrels of oil equivalent per day (boe/d) in November 2025, with 3.773 million barrels per day (bbl/d) of oil extracted, which represented a 6.4% decrease from the previous month and a 13.9% increase compared to the same month in 2024.

  • Monday, December 1st 2025 - 10:52 UTC

    Uruguay okays deepwater explorations to seek oil

    The measure further shook Uruguay's energy endeavors and its commitment to climate goals and marine conservation

    The Uruguayan Government of President Yamandú Orsi has greenlighted the so-called seismic exploration for oil in the country's territorial waters to the companies APA, PGS, CGG, and Searcher. The decision spurred controversies among environmentalist groups.

  • Tuesday, October 21st 2025 - 08:26 UTC

    Oil heading below US$ 50 per barrel anticipates Energy Agency

    IEA in its latest report anticipates that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026.

    When oil prices in the international market are sliding faster than expected, already in the range of US$ 50 the barrel, the International Energy Agency, IEA in its latest report anticipated that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026. IEA warns that while demand growth is down, supply growth will lead to a record supply overhang, since oil stocks are already soaring, mainly that stockpiled in tankers in water.

  • Tuesday, October 21st 2025 - 08:23 UTC

    Mexico shipping oil to energy starved Cuba

    The cargoes were tracked through maritime monitoring platforms, showing consistent routes between Mexico and Cuba.

    So far this year, Mexico has shipped more than US$ 3 billion worth of subsidized fuel to Cuba through Gasolinas Bienestar, a subsidiary of Pemex, according to an investigation by Mexicanos Contra la Corrupción y la Impunidad (MCCI), as reported by OilPrice.

  • Tuesday, September 2nd 2025 - 10:24 UTC

    Brazil reaches all-time high in oil and gas output

    Petrobras, alone or in consortium with other companies, is responsible for 89.78% of the total oil and natural gas produced

    Brazil surpassed the barrier of 5 million barrels of oil and natural gas produced per day for the first time ever, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the regulatory agency for the oil and gas industry, announced Monday. The achievement was recorded in July this year, it was also explained.

  • Wednesday, July 3rd 2024 - 23:00 UTC

    Falklands: Navitas updates emission assessment of Sea Lion environmental impact statement

    The Falkland Islands Government has started a public consultation on this revised EIS from Tuesday, 2 July 2024 to 13 August 2024.

    The Israeli/US company preparing to extract oil from Falkland Islands waters, Navitas Petroleum Development and Production Ltd. (Navitas) has issued a revised Environmental Impact Statement (EIS) concerning its proposals for the drilling of oil wells and offshore production from the Sea Lion Field Northern Development Area, Phase 1 and 2, which includes additional information on atmospheric emissions.

  • Tuesday, May 14th 2024 - 10:26 UTC

    Russia claims to have found huge oil reserves in Antarctica; UK feels it could mean a complete new ball game

    Junior Foreign Minister David Rutley said that Russia has given a commitment to abide by the Antarctic Treaty.

    The House of Commons’ Environmental Audit Committee (EAC) held a special session on Russian oil exploration in the polar region, following on claims that the Rosgeo oil exploration company had reported that its research vessel Alexander Karpinsky has completed a comprehensive subsurface geological survey, mapping very promising oil and gas prospects on the Antarctic oil shelves.

  • Monday, February 26th 2024 - 11:44 UTC

    Patagonian governors threaten to cut oil and gas output

    Governors Torres (Chubut), Melella (Tierra del Fuego), Ziliotto (La Pampa), Vidal (Santa Cruz), Figueroa (Neuquén), and Weretilneck (Río Negro) convened to join forces against Buenos Aires

    The Governors of Argentina's Patagonian provinces said Sunday that they would cut oil and gas output starting Wednesday if Chubut's funds are not wired by then from the federal administration of President Javier Milei. The announcement was made after Governors Ignacio Torres (Chubut), Gustavo Melella (Tierra del Fuego), Sergio Ziliotto (La Pampa), Claudio Vidal (Santa Cruz), Rolando Figueroa (Neuquén), and Alberto Weretilneck (Río Negro) convened to join forces.

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