The executive director of the International Energy Agency (IEA) considered the decisions of the members of OPEC + as disappointing, and assured that it has enough ‘stock’ to continue operating in the oil markets, in which prices are through the roof . The members of the Organization of the Petroleum Exporting Countries and their associates […]
Tag: Petroleum
Stock markets recover ground and raw materials soar due to the war in Ukraine
Wall Street and European stocks rallied on Wednesday as oil, gas and aluminum prices soared due to the war in Ukraine. The New York stock market rose, encouraged in particular by the tone considered moderate in a speech by the president of the Federal Reserve (Fed), Jerome Powell, and the announcement of new talks between […]
Crude is heading for its worst week in more than a decade: WTI barrel closed at $110.60
Black sunset. The prices of Petroleum They closed this Wednesday at the highest since 2011 for WTI and since 2014 for Brent, driven by the war in Ukraine, sanctions against Russia and fears about the supply of black gold. A barrel of West Texas Intermediate (WTI) for April delivery rose 6.95% to $110.60, a peak […]
Sanctions against Russia make it difficult for Venezuela to benefit from the rise in crude oil
The benefits that Venezuela would obtain with the rise in oil prices will be reduced as a result of international sanctions against Russia, after the invasion of Ukraine, since a large part of the payments received by the country go through Russia, explained economists specialized in the sector. . “There is a specific problem for […]
SPGL proposes to ease Vale FISE requirements to reach 2.4 million more families
The Peruvian Society of Liquefied Gas (SPGL) proposed to increase the monthly electricity consumption ceiling threshold used to define the beneficiary households of the Vale FISE, with the aim of coping with the new increase in liquefied petroleum gas (LPG) and serving 2.4 million additional families. As recalled, the Voucher FISE provides a discount of […]
WTI oil breaks all forecasts and exceeds 110 dollars per barrel
With information from EFE The price of Texas Oil Intermediate (WTI) It shot up 6.6% this Wednesday at the opening and reached $110.29 after the decision of the OPEC+ alliance to maintain its plan to gradually increase production. At 14:05 GMT (09:05 Peruvian time) on the New York Mercantile Exchange (Nymex), WTI futures contracts for […]
Russia against Ukraine: how does the war impact the fight against inflation in Peru and the world?
The war between Russia and Ukraine ceased to be a face-to-face battlefield and has moved to the economic field with the sanctions imposed by the United States and its Western allies with the intention of persuading Vladimir Putin to stop his advance in Ukraine; and with “destroying the Russian economy,” according to White House officials. […]
Oil price rises more than 10% due to war in Ukraine
The price of a barrel of US oil WTI raised its price this Tuesday, March 1, by more than 10% and that of the barrel of Brentboth indices reached record levels since 2014, with a value of 106.29 dollars per barrel of WTI and $107.44 from Brent’s. The reference WTI oil for America had closed […]
Russian oil buyers have problems with payments and ships amid sanctions
Updated on 02/28/2022 03:07 pm Russian oil buyers have faced huge difficulties over payments and vessel availability following Western sanctions on Moscow over investment in Ukraine, traders said. The West has introduced a wide range of sanctions, including on the banking sector, following Russia’s invasion of Ukraine on Thursday. Russia describes its action as “special […]
Oil climbs again due to war in Ukraine: WTI barrel operates at $95.45
The price of Petroleum Texas Intermediate (WTI) opened this Monday with a strong rise of 4.2%, to 95.45 dollars a barrel, in reaction to Western sanctions on Russia. At 14:05 GMT (9:05 Peru time) on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in April totaled 3.86 dollars per barrel compared to […]