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Tag: Petroleum

Oil producing countries extend production cuts to support prices

Oil producing countries extend production cuts to support prices Oil producing countries extend production cuts to support prices

Saudi Arabia and others oil countries They extended production cuts on Sunday through the end of next year to shore up prices that have not risen despite turbulence in the Middle East and the start of the summer travel season. The OPEC+ alliance, made up of members of the oil cartel and allies, including Russia, […]

“Heat dome” causes sweltering temperatures in Mexico, Central America and the US.

“Heat dome” causes sweltering temperatures in Mexico, Central America and the US. “Heat dome” causes sweltering temperatures in Mexico, Central America and the US.

The extreme heat in Mexico, Central America and parts of southern USA It has left millions of people in sweltering temperatures, overloaded power grids and caused iconic howler monkeys in southeastern Mexico to fall from trees and die. Meteorologists said the conditions have been caused by what some call a heat dome — an area […]

Repsol receives US license to operate in Venezuela, according to PDVSA

Repsol receives US license to operate in Venezuela, according to PDVSA Repsol receives US license to operate in Venezuela, according to PDVSA

The Spanish oil company Repsol received an individual license USA to operate in the sanctioned Venezuelareported this Friday the president of the state PDVSA, Pedro Tellechea. Both companies signed an agreement to increase joint production of crude oil and gas on April 17, the same day that Washington announced the end of a relaxation of […]

Paul Romer, 2018 Nobel Prize in Economics, identifies mining as an engine of development

Paul Romer, 2018 Nobel Prize in Economics, identifies mining as an engine of development Paul Romer, 2018 Nobel Prize in Economics, identifies mining as an engine of development

Mining, as part of the economy of ideas, can boost human progress and the global economy. Join the WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Tuesday, May 21 Fonavi 2024: Ad Hoc Commission evaluates changes in refund to reimbursement group 2 or relatives of deceased On […]

The IEA forecasts lower growth in crude oil demand for 2024

The IEA forecasts lower growth in crude oil demand for 2024 The IEA forecasts lower growth in crude oil demand for 2024

The International Energy Agency (IEA) this Wednesday revised downwards the increase in global demand for Petroleummainly due to the net reduction in Europe. The new forecasts, included in the monthly report on the crude oil market published today, establish an increase in global demand of 1.1 million barrels per day in 2024, 140,000 less than […]

They demand compliance with the closure of oil exploitation in the jungle of Ecuador

They demand compliance with the closure of oil exploitation in the jungle of Ecuador They demand compliance with the closure of oil exploitation in the jungle of Ecuador

Organizations natives and environmentalists Ecuador They demanded this Friday compliance with the historic referendum voted last year at the national level, where the cessation and dismantling of oil exploitation in Block 43-ITT, one of the most important fields in the country, located in the Amazonian Yasuní National Park, was approved. . In a press conference […]

The US protects an area of ​​Alaska to limit oil exploitation

The US protects an area of ​​Alaska to limit oil exploitation The US protects an area of ​​Alaska to limit oil exploitation

The government of the American president Joe Biden announced this Friday that it is declaring a region of western Alaska as a protected area to limit the exploitation of Petroleum and gas in this territory. “My administration is taking action to preserve more than 13 million acres (more than 5.26 million hectares) in the Western […]

Israel-Iran: oil prices rise more than 3% due to tensions in the Middle East

Israel-Iran: oil prices rise more than 3% due to tensions in the Middle East Israel-Iran: oil prices rise more than 3% due to tensions in the Middle East

The oil prices rose more than 3% in the first hours of the Asian market after reports of explosions in Iran that raise fears of an escalation of the crisis in the Middle East. The price of a barrel of West Texas Intermediate oil rose 3.66% to US$ 85.76, and a barrel of North Sea […]

Iran’s attacks against Israel anticipate a new global escalation in the price of oil

Iran’s attacks against Israel anticipate a new global escalation in the price of oil Iran’s attacks against Israel anticipate a new global escalation in the price of oil

The attacks provoked by Iran against Israel, in response to the bombing of the diplomatic headquarters of the first of these two countries in Syria, will anticipate a new increase in world oil prices. Although Israel – immersed in war with Palestine over Gaza – is not an oil producing country, the old nation of […]

Lot X in its final stretch: this Thursday the Petroperú partner is known

Lot X in its final stretch: this Thursday the Petroperú partner is known Lot X in its final stretch: this Thursday the Petroperú partner is known

Only two consortiums presented themselves to accompany Petroperú in the next operation of Lot X of Talara, the most important in the northwest basin. The agreement is to grant 60% of the participation to the private operator, and 40% to the Peruvian state company, but the latter will not make risk investments in exploration. These […]

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