Tag: oil

Thursday, September 30th 2021 - 09:00 UTC
Can Argentina Finally Realize Its Oil Potential?

By Matthew Smith for Oilprice.com – For a decade, successive Argentine governments in Buenos Aires have enacted a range of policies aimed at reducing energy imports and exploiting the Latin American country’s vast hydrocarbon potential.
Thursday, March 18th 2021 - 08:53 UTC
YPF hikes fuel prices 7% to help finance an ambitious investment plan to boost crude production

YPF, the biggest oil producer in Argentina, said on March 16 that it hiked diesel and gasoline pump prices by 7%, helping to finance a US$2.7 billion investment plan to boost crude output.
Tuesday, December 1st 2020 - 08:53 UTC
Is Brazil’s Oil Boom in danger?

By Matthew Smith for Oilprice.com – Brazil’s massive offshore oil boom, notably in the deepwater offshore pre-salt oilfields, is continuing to grow despite weaker oil prices and the sharp impact of the COVID-19 pandemic. Strong demand from Asian refiners, especially those in China, for lighter sweeter crude oils saw demand for Brazilian crude oil soar since the end of 2019.
Tuesday, December 1st 2020 - 08:44 UTC
OPEC and allies postpone talks amid disagreements on how much oil to pump

OPEC and allies led by Russia postponed talks on oil output policy for 2021 to Thursday, sources said on Monday as key players still disagreed on how much oil they should pump amid weak demand due to the coronavirus pandemic.
Wednesday, October 28th 2020 - 09:25 UTC
Brazil third largest supplier of crude oil to China during September; Russia leads

Data from the Chinese Customs Administration indicates that in September, Brazil advanced to the position of third-largest supplier of crude oil to the Asian country, as independent Chinese refiners obtain cheap and a relatively high-quality supply from the South American exporter.
Wednesday, October 7th 2020 - 09:45 UTC
Premier Oil absorbed by Chrysaor, becomes the largest independent oil and gas group on London Stock Exchange

Shares in Premier Oil, with interests in the Falkland Islands, soared more than 14% on Tuesday, after the oil explorer agreed with a reverse takeover that will create the largest London-listed independent oil-and-gas group, producing more than 250,000 barrels of oil a day.
Friday, September 11th 2020 - 09:40 UTC
Brazilian prosecution investigating Petrobras forex transactions between 2008 and 2011

Brazil’s federal police were serving 25 search warrants as part of an investigation regarding foreign-exchange transactions done by oil company Petrobras between 2008 and 2011, according to a statement from federal prosecutors on Thursday.
Thursday, August 27th 2020 - 09:09 UTC
Is Argentina’s Shale Too Expensive To Drill?

By Irina Slav, Oilprice.com – It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas reserves of 308 trillion cubic meters—resources that could guarantee a country’s energy independence and turn it into a relevant international supplier of oil and gas. But only if the price is right.
Thursday, August 20th 2020 - 10:05 UTC
Oil industry's recovery is incomplete but sustainable

Throughout the summer, oil’s recovery from its devastating crash has looked somewhat dubious. While the price of crude rebounded somewhat, it did not wholly regain its pre-pandemic strength. And while the nations of OPEC+ put measures in place to cut production and close the gap between supply and demand, certain nations involved hinted at the reluctance to keep cuts in place. These factors, coupled with the lingering potential of fresh “waves” of the coronavirus, have kept us from being overly optimistic about the state of oil.
Friday, August 14th 2020 - 07:54 UTC
US government seizes vessels loaded with Iranian oil in violation of sanctions, WSJ reports

The US government has for the first time seized vessels allegedly loaded with Iranian fuel in violation of sanctions imposed by the Trump administration, the Wall Street Journal reported on Thursday, citing US officials.