Tag: oil

• Wednesday, June 22nd 2022 - 20:11 UTC

  Unconventional production boosts oil and gas output in Argentina

  

  Argentina's oil output reached its zenith in 20 years with 584,000 barrels per day (bpd) delivered in May of 2022, thanks mostly to unconventional developments, it was reported Tuesday.

• Tuesday, June 14th 2022 - 21:56 UTC

  Venezuela further below oil output target

  

  Venezuela's oil output production fell 5% from May of 2022 to the previous month, according to the latest Organization of the Petroleum Exporting Countries (OPEC) released Tuesday.

• Saturday, May 28th 2022 - 10:10 UTC

  China forecasted to reduce soy oil consumption because of the lockdowns

  

  Plunging demand for soy oil in China is expected to cut consumption of the oilseed in the world’s biggest user as lockdowns to prevent the spread of COVID have shuttered restaurants and canteens, according to traders and analysts. China is the world’s top consumer of edible oils, with millions of restaurants guzzling about half of the country’s roughly 17 million tons of soy oil, made from crushing soybeans.

• Saturday, May 21st 2022 - 23:03 UTC

  US refineries purchasing more oil and fuel from Mexico, Colombia and Argentina

  

  Complying with President Jose Biden's administration sanctions on Russia, United States refiners imported some 1.3 million barrels per day (bpd) of Latin American crude and fuel oil, the highest level in seven months, according to US customs data.

• Tuesday, May 3rd 2022 - 20:18 UTC

  Paraguay turns down Venezuelan oil – climate change “an absurdity”

  

  Paraguay is making a statement as its stances on certain issues are being raised above circumstantial conditions that would advise against holding on no matter what to one's convictions.

• Saturday, April 23rd 2022 - 10:55 UTC

  Navitas banned from Argentina for twenty years for operating in Falklands' waters

  

  Israel's Navitas Petroleum has been banned from all activities in Argentina for the next twenty years for involvement in the hydrocarbons industry in the Falklands/Malvinas zone without Argentine permission.

• Wednesday, April 6th 2022 - 09:44 UTC

  Massive investments in Guyana's oil and gas industry by Exxon-Mobil

  

  Exxon Mobil is investing heavily off the coast of Guyana expecting future production of some 1,2 million barrels per day of oil and gas by 2027. According to the company the fourth oil project production off Guyana will receive an investment of US$ 10 billion.

• Saturday, March 5th 2022 - 09:54 UTC

  Falklands exploration company raising funds to appraise and develop a gas condensate discovery

  

  Borders & Southern Petroleum PLC said on Friday that it intends to conduct fundraising of up to US$1.8 million to appraise and develop its Darwin gas and condensate discovery in the Falkland Islands.

• Tuesday, March 1st 2022 - 09:15 UTC

  What will happen in the world wheat market if the Russia/Ukraine conflict is not over by June

  

  The Russian invasion of Ukraine has also caused major disruptions in the agricultural commodities' markets with soaring prices for wheat, corn, soybeans... and much speculation.

• Wednesday, February 23rd 2022 - 09:58 UTC

  Fitch warns about sanctions to Russia's oil and gas sector: barrel could exceed US$100

  

  If Western sanctions lead to Russia’s oil exports being completely cut off, the world can expect the international energy market to collapse, a senior figure at the US rating agency Fitch said on Tuesday.