Tag: oil

• 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.

• Tuesday, February 22nd 2022 - 21:50 UTC

  Iran to further help Venezuela regarding oil and other issues

  

  Venezuela's Foreign Minister Félix Plasencia and his Iranian Petroleum colleague Javad Owji Tuesday signed an agreement to deepen mutual cooperation in the area of hydrocarbons.

• Tuesday, February 22nd 2022 - 09:57 UTC

  Middle East OPEC members with no plans to increase output: “caution” is the name of the game

  

  As crude prices steadily climb to US$ 100 a barrel, Middle Eastern OPEC producers have no plans to increase production beyond their OPEC+ quotas, a gathering of ministers this weekend has made clear. The energy minister of the biggest oil producer in the cartel, Saudi Arabia, said that the pandemic had taught oil-producing nations one thing, and that was caution, writes Irina Slav for oilprice.com.

• Saturday, February 19th 2022 - 07:50 UTC

  Historic shift for US: from net crude exporter in 2020, to net importer in 2021 and 2022

  

  By Michael Kern for Oilprice.com - Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday.

• Saturday, February 5th 2022 - 09:42 UTC

  WTI crude surges above US$ 92 on Texas freezing weather

  

  By Tsvetana Paraskova for Oilprice.com – WTI Crude, the U.S. oil benchmark, jumped to over US$ 92 per barrel early on Friday—its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.