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Tag: Petroleum

Petroperú ratifies its intention to return to oil exploitation

Petroperú ratifies its intention to return to oil exploitation Petroperú ratifies its intention to return to oil exploitation

In accordance with what was expressed by the president Pedro Castillo, in his first message to the nation on July 28, Petroperú He asserted yesterday that a central part of the strengthening of the company involves a return to oil exploitation activities. “We are on that path with the participation of strategic partners in blocks […]

Hydrocarbon companies paid more than 749 million dollars as royalties until September

Hydrocarbon companies paid more than 749 million dollars as royalties until September Hydrocarbon companies paid more than 749 million dollars as royalties until September

The National Society of Mining, Oil and Energy (SNMPE) reported that companies in the hydrocarbons sector paid the Peruvian State a total of 749 million 800 thousand dollars in royalties from January to September of this year. The energy mining union specified that this figure represented an increase of 130% compared to the 325 million […]

Rapid rise in crude is not sustainable, according to BofA strategists

Rapid rise in crude is not sustainable, according to BofA strategists Rapid rise in crude is not sustainable, according to BofA strategists

Updated on 10/18/2021 03:07 am Rising oil prices won’t last long, US equity strategists said on Friday. Bank of America Corp., just as crude crossed the threshold of US $ 85 a barrel for the first time since 2018. “The price of oil is 30% above the fair value levels implicit in our analysis, one […]

Global energy crisis leads Asia to turn to US crude

Global energy crisis leads Asia to turn to US crude Global energy crisis leads Asia to turn to US crude

Updated on 10/18/2021 02:14 am Asian demand for Petroleum The US is rising as the energy crisis raises the prices of other crude that are traded against the global Brent futures contract. China and other Asian buyers have been buying US acid crude supertankers for November delivery and are looking for more in December, according […]

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