The Argentine Government postponed until February 1, 2024 the update of taxes on unleaded and virgin diesel and gasoline (gasoline) that impact prices and that were to be applied this month, as published in an Official Gazette. According to the publication, the freezing of the Tax on Liquid Fuels (ICL), “a mechanism by which the […]
Tag: Petroleum
IEA: Global demand for oil, gas and coal will peak in 2030
The global demand for fossil fuels will peak in 2030 as sales of electric cars rise and the Chinese economy grows more slowly and shifts toward cleaner energy, the agency said. International Energy Agency (IEA). The IEA report, which advises industrialized countries, contrasts with the opinion of the Organization of Petroleum Exporting Countries (OPEC), which […]
Nicolás Maduro will allocate extraordinary income from Venezuela to community organizations
The president of Venezuela, Nicolas Maduroannounced this Friday that it will allocate the nation’s extraordinary income to community organizations, a decision that it communicates two days after the country received licenses from USA to market Petroleum and gas with a temporary suspension of sanctions. “As we recover the national income, everything that is extra to […]
Crisis in the Middle East would affect the supply of crude oil and cause price increases
The current crisis in middle East It has the potential to disrupt the global supply of crude oil and cause prices to rise. But a repeat of the catastrophic price increases and long lines at gas stations seen after the 1973 Arab oil embargo is unlikely, experts say. The war between Israel and Hamas “definitely […]
Peru’s oil production fell 14% in September: only 34,330 bpd were extracted
The production of Petroleum In Peru it averaged 34,330 barrels per day (bpd) in the month of September 2023, an interannual reduction of 14% compared to the same month in 2022, when 39,257 bpd were extracted. According to figures published this week by Perupetro, crude oil production in the ninth month of the year was […]
Texas international oil rises 4.02%, to US$86.24 a barrel
The price of Texas intermediate oil (WTI) It opened this Friday with a rise of 4.02%, to US$86.24 a barrel, thus reversing the downward trend of recent days. At 13:02 GMT, WTI futures contracts for delivery in November totaled US$3.33 compared to the previous day’s close. This increase occurs after the United States yesterday announced […]
War could raise oil prices and reduce global GDP, says IMF
The war between Israel and the Hamas terrorist group in the Gaza Strip could cause oil prices to skyrocket, potentially having a negative impact on the global economy. The assessment was made by the chief economist of the International Monetary Fund (IMF), Pierre-Olivier Gourinchas. According to the economist, a 10% increase in oil prices would […]
OPEC: A barrel of crude oil is around US$90 due to the conflict in the Middle East
He Petroleum of the Organization of the Petroleum Exporting Countries (OPEC) has resumed its upward path by trading on Monday at US$89.99 per barrel, 3% more than its value on Friday, according to calculations published by the oil group on its official website. The rise of US$ 2.69 is attributed by analysts to the fear […]
Mexico: Pemex is required to reveal progress in refinery construction
The state-owned Petróleos Mexicanos (Pemex) The Construction and Installation Project of the Olmeca Refinery must be made public, as well as the progress report, schedules and calendars, ordered the National Institute of Transparency, Access to Information and Protection of Personal Data (Inai). According to the resolution of the Inai plenary session, knowing the performance of […]
Argentina seeks to delay payment of US$ 16,000M for YPF case
Argentina This Thursday he requested the US judge investigating the case of the nationalization of the oil company YPFto deny the plaintiffs’ request to execute in 30 days the ruling that requires it to pay US$ 16.1 billion to minority shareholders. The prosecution had asked Judge Loretta Preska, of the southern court of Manhattan, to […]