Updated on 02/22/2022 12:58 pm The benchmark Brent oil contract could rise between US$5 and US$20 a barrel depending on the severity of the crisis between Russia and Ukraine, said Bank of America (BofA) Global Research, which on the other hand maintained that prices could fall between $2 and $4 if tensions ease. Oil hit […]
Tag: Petroleum
Oil price rises to its highest level in eight years by touching US $ 100 due to tensions between Russia and Ukraine
Updated on 02/22/2022 08:00 am The Petroleum hit its highest price since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops to be sent to breakaway regions, raising supply concerns that have pushed prices close to $100. per barrel. The United States and its European allies are close to announcing […]
Dollar: why are the prices of some products still high despite the drop in the exchange rate?
Despite the fact that the dollar has fallen by -6.04% thanks to the solid macroeconomic fundamentals, the consumer has expressed his discomfort at not seeing that the fall in the safe haven currency is transferred to the prices of food and basic necessities. Given this concern, experts consulted by La República specify that lower prices […]
Oil prices closed a turbulent week above 90 dollars
The reference WTI crude, with a decrease of 0.8%, closed this Friday at 91.07 dollars, while the Brent, with a rise of 0.63%, ended the day at 93.62 dollars. With this, international oil prices, both in the Brent reference and in the WTI, culminate a week above 90 dollars a barrel. According to data at […]
Suriname, Guyana and Brazil join forces to develop a new global gas hub
With information from EFE Suriname, Guyana and Brazil will join resources to develop the gas sector and the economy of South Americaannounced this Tuesday the president of the first of the three countries, Chandrikapersad Santokhi, during the opening of a regional summit on energy. Santokhi, during his speech at the International Energy Conference and Expo […]
WTI oil falls to 93.46 dollars this Tuesday, February 15
The futures of Petroleum They fell back from seven-year highs on Tuesday as Russia said some troops were returning to bases after military exercises near the Ukrainian border, which could temper fears of an invasion. At 0912 GMT, US West Texas Intermediate (WTI) crude was down $2.00, or 2.1%, at $93.46, while Brent crude was […]
Oil reprivatization is diluted in Congress
They are left alone. Up to three members of the Congressional Energy and Mines Commission reportedly decided to back down and withdraw their signatures from the controversial bill that seeks to extend the current operators of oil lots for an additional 10 years and, additionally, deny access to Petroperu to these operations. One of them, […]
WTI oil closes at US$95.46, its highest price in 8 years
The price of intermediate oil from Texas (WTI) closed this Monday 14 with a strong rise of 2.5% and stood at US $ 95.46, its highest level since 2014, pressured by the risk of an attack by Russia to Ukraine in the next few days. According to data at the end of operations on the […]
Peruvian environmental legislation in intensive care
Tomorrow marks one month since the spill of 11,900 barrels of oil in the Ventanilla Sea, and the person responsible for this ecocide has not yet been found for sure. Repsol insists on blaming the “anomalous waves” for the incident, despite the fact that the captain of the ship that was transporting the oil assured […]
Oil spill: Repsol can now define the affected areas to analyze the environmental impact
Repsol reported that inspection work continues in areas of special environmental protection, after the oil spill on January 15. The company recalled that they already have the necessary authorizations to delimit the status of the work areas and continue with the environmental impact analysis, although, to complete these actions, they await the permits to work […]