The war between Russia and Ukraine, and its subsequent impact on oil and gas prices, have reopened the debate on energy security on the world agenda. In the region, Colombia awaits Hidroituango in July, a hydroelectric plant with the capacity to cover 20% of the country’s demand; Brazil, Guyana and Suriname enlist the largest hydrocarbon […]
Tag: Petroleum
Why the Black Sea is important for commodity markets
Due to the conflict between Russia and Ukraine, the Black Sea has gained relevance, since it is an important area for the movement of basic products, As the steel and agricultural products, at the crossroads of Europe and Asia. Crude and refined petroleum products Russia, Azerbaijan and Kazakhstan pass through export terminals on the eastern […]
What is the SWIFT system and why is it the economic weapon to stop Russia?
The conflict between Russia and Ukraine has escalated to the highest in recent days, after the Slavic invasion last Thursday, February 24. After that, the United States has again proposed the withdrawal of Russia from the international financial system (SWIFT) in his eagerness to persuade the Russian president, Vladimir Putinnot to continue the aggression on […]
Markets on the lookout: WTI oil falls after Russia’s invasion of Ukraine
The prices of Petroleum They fell slightly in the early hours of this Friday 25, after a significant escalation the day before as a result of Russia’s invasion of Ukraine. Thus, concern about possible interruptions in global supply in light of the sanctions against Russia, a large world oil exporter, subsided in West Texas Intermediate […]
Russia and Ukraine: these would be the global economic consequences
The invasion of Ukraine by Russia is already a fact, after the announcement of the Russian president Vladimir Putin this Thursday, February 24, which had an immediate impact on the operations of the world stock markets, foreign exchange market and safe-haven assets. Stocks around the world plummeted, while the Oil rallied above $100. Gold gained […]
Oil breaks above the $100 barrier after Russia’s attack on Ukraine
Oil prices were inflamed, today, Thursday, February 24, after the Russian army’s ground and air attack against Ukraine, propelling the price of a barrel of WTI to more than 100 dollars and that of Brent to more than 105 dollars during the session, for first time since 2014. North Sea Brent barrel prices for April […]
World financial markets fall as the crisis in Russia and Ukraine escalates
The world bags, foreign exchange and haven assets fell after the launch of a Russian military offensive against Ukraine. Thus, the price of a barrel of oil exceeded 100 dollars this Thursday, rising 8.78%, for the first time in more than seven years. The crude Brent advanced 2.6% to $99.36 a barrel; Meanwhile in New […]
Russia and Ukraine: how would the geopolitical crisis impact the Peruvian economy?
The revival of geopolitical tension between Russia and Ukraine has not only set off alarms in many economies around the globe. Although a direct confrontation has not yet been reached, for now only sanctions from United Statesthe truth is that the peruvian families they would feel its ravages despite the fact that the conflict takes […]
Oil price falls on easing fears over supplies from Russia and Ukraine
The oil prices They fell on Wednesday, falling away from seven-year highs hit the day before, after it became clear that the first round of US and European sanctions against Russia are unlikely to disrupt crude supplies. At 10:27 GMT, Brent crude futures were down 59 cents, or 0.6%, at $96.25 a barrel, after touching […]
PetroTal announces budget of S/ 450 million for its investments in Peru in 2022
The directory of PetroTal approved a budget of S/ 450 million, fully financed with company resources, for this 2022, with the objective of reaching an average production range between 17,500 and 19,500 barrels of oil per day (bpd), and reaching a level of 21,500 bpd at the end of next December. The approved budget for […]