Rising prices and frenetic trading in natural resources in the middle of last year sparked buzz in the investment world. The copper, the ironthe oil and even, timber were affected by it, which caused talk of a possible “super cycle” after the recovery from the pandemic. According to Renta 4 SAB, the investments that various […]
Tag: Petroleum
UN warns of climate impact of race to replace Russian gas
Updated on 03/21/2022 02:06 pm The Secretary General of the UN, António Guterres, warned on Monday of the impact that the race that many countries are undertaking to replace Russian gas and oil imports as soon as possible can have on the climate. “Countries can become so obsessed with the immediate lack of fossil fuel […]
EU divided over hitting Russia with oil sanctions
Updated on 03/21/2022 12:09 pm The European Union should deepen sanctions on Russia to focus on its lucrative energy sector, the foreign ministers of Lithuania and Ireland said on Monday, at the start of a diplomatic flurry over how to punish Moscow for its invasion of Ukraine. The European Union (EU) and its allies have […]
Mexico would stop cutting oil exports due to price rise
Mexico would keep its crude exports at around 1 million barrels a day to take advantage of the recent spike in prices, temporarily delaying President Andrés Manuel López Obrador’s plan to cut them in half as part of his energy self-sufficiency goal, a person said. with direct knowledge of the situation. The government is reviewing […]
War in Ukraine puts pressure on US oil sector
Updated on 03/21/2022 04:27 am In the oil fields of northern Montana, industry veteran Mac McDermott saw crude prices soar from $75 a barrel in January to more than $120 when Russia invaded Ukraine, and drop again as fears of coronavirus in China raised the possibility of a global economic slowdown. McDermott said his family’s […]
WTI oil closes the week higher and reaches US$ 104.7 a barrel
With information from Efe The price of Texas Intermediate (WTI) oil ended the week higher, rising 1.7% to $104.7 a barrel, after Russian President Vladimir Putin accused kyiv of trying to bog down negotiations to put end the invasion of Ukraine. According to the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in […]
World oil market would lose 3 million barrels a day due to sanctions on Russia
The global oil market could lose up to 3 million barrels per day (mb/d) of supply from Russia from April due to bank sanctions and buyers quitting, potentially sparking the biggest oil crisis ever. oil supply in decades, according to the International Energy Agency (IEA). “We see a reduction in total (Russian) exports of 2.5 […]
Oil rebounded 8.4% and again exceeded the threshold of US $ 100
The price of texas intermediate oil (WTI) rose 8.4% this Thursday, March 17, to 102.98 dollars per barrel, after a new fear of a prolonged conflict in Ukraine after the Kremlin refused to suspend its offensive, which could affect supplies from the black gold The data of the New York Mercantile Exchange (nymex), at the […]
US shale oil sector consolidates with mergers and energy price hikes
A group of “mini-giants” The oil and gas trade is surging among US shale producers, created from towering deals that industry executives hope will accelerate due to high commodity prices and lower extraction by European companies in the US. . New players including Devon Energy Corp., EQT Corp, Continental Resources, Pioneer Natural Resources and Diamondback […]
Dollar in Peru: exchange rate falls at the opening and is listed at S / 3,725 in tune with global decline
The dollar it fell 0.21% at the opening and was quoted at S/ 3.7253; according to the portal Bloomberg. While, in the parallel market, the greenback was trading at S/ 3,705 for purchase and S/ 3,740 for sale. At the interbank level, the refuge currency is located at S/ 3.70 for purchase and S/ 3.75 […]