Tag: oil

• Wednesday, January 30th 2019 - 09:33 UTC

  Ecuador issues 10-year sovereign bonds at 10.75% yield

  

  Ecuador’s finance ministry said it had placed about US$1 billion in 10-year sovereign bonds in the international market. Proceeds from the 10.75% bonds will be used to strengthen the country’s reserves and help fund this year’s budget which has financing needs of about US$ 8 billion, the ministry said in a statement.

• Tuesday, January 29th 2019 - 09:03 UTC

  US tightening the noose: Venezuelan oil proceeds will be withheld from Maduro's government

  

  The US has imposed sanctions on Venezuela's state-owned oil firm PDVSA and urged the country's military to accept a peaceful transfer of power. National Security Adviser John Bolton said President Nicolás Maduro and his allies could “no longer loot the assets of the Venezuelan people”. Efforts by the opposition to unseat Mr Maduro have increased in recent days.

• Monday, January 28th 2019 - 09:18 UTC

  Oil prices fall on Monday as US crude production is anticipated to increase

  

  Oil prices fell on Monday after U.S. energy firms added rigs for the first time this year in a sign that crude production there will rise further. U.S. spot crude oil futures CLc1 were at US$ 53.37 per barrel at 0027 GMT, down 32 cents, or 0.6 percent, from their last settlement.

• Wednesday, January 23rd 2019 - 08:56 UTC

  Mexican fuel pipeline explosion death toll climbs to 91, and could increase

  

  The death toll from a fuel pipeline explosion in central Mexico last week rose to 91 as Pemex defended its response to one of the deadliest incidents to hit the state-run oil company in years.

• Wednesday, January 16th 2019 - 08:42 UTC

  Massive organized fuel theft in Mexico, denounces Lopez Obrador

  

  Mexican President Andres Manuel Lopez Obrador said on Tuesday that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages sparked by his crackdown on gasoline thieves.

• Monday, January 7th 2019 - 09:03 UTC

  Oil Is at the mercy of Financial Markets

  

  Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 per cent by midday in New York, but come largely after U.S. equity markets shook off an earlier bout of pessimism.

• Friday, January 4th 2019 - 09:10 UTC

  YPF 2012 nationalization case reaches US Supreme Court: US$ 2.5bn at stake

  

  The US Supreme Court will hear this Friday an appeal against an intermediate court decision accepting jurisdiction over Argentina and its majority state-owned oil giant YPF, in a case relating to YPF’s 2012 re-nationalization by Argentina, then under the rule of ex-president Cristina Fernandez.

• Friday, December 28th 2018 - 08:55 UTC

  Oil prices remain under pressure from US stockpiles and concerns with the global economy

  

  Oil prices jumped as much as 3% on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure.

• Wednesday, December 26th 2018 - 08:55 UTC

  Petrobras plans to invest US$ 84bn mainly in pre-salt areas by 2023

  

  Petrobras has unveiled plans to invest US$ 84.1bn in deepwater exploration and production projects in Brazil, as well as raise $27bn through asset sales and partnerships by 2023. Around US$ 69bn of the planned investment will be channelled into the development of production in the pre-salt areas. Other key focus areas of investment include refining, transportation, trading, and natural gas and petrochemicals.

• Thursday, December 20th 2018 - 08:38 UTC

  What’s Behind The Crash In Crude?

  

  Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself.