The prices of oil They uploaded on Friday promoted by the possibility of a reinforcement of US sanctions against Moscow and Tehran and taking advantage of a technical rebound after several downward sessions. The price of the barrel of Brent From the North Sea, for delivery in May, it rose 1.30% to 70.36 dollars. Its […]
Tag: raw
Economic concerns lead to crude oil in the US
He oil that is quoted in New York stabilized after immersing himself again at the level of US $ 60 because an adverse economic panorama threatens energy demand perspectives and takes investors to avoid the most risky assets. The Futures of the West Texas Intermediate traded near US $ 69 a barrelafter Fall 2.5% on […]
OPEC projects an increase in oil demand in 2025
OPEC continues to project a rise in demand for oil In 2025 and 2026, driven by transport and an increase in air traffic, said the organization of crude oil export countries in a monthly report published Wednesday. Global oil consumption will rise to 105.1 million barrels per day (MBD) in 2025, after reaching 103.75 MBD […]
Who are the Houthis and why do they attack ships transiting the Red Sea?
He International Trade He is a victim of war. A few days ago, freight ships in the Red Sea were attacked by rebels Yemen Houthis causing shipping companies and oil companies temporarily suspend their transit through said route. But what is the interest of the Houthis? Why do they attack? Who supports or finances them? […]
Oil reaches maximum levels of 2023 amid expectations of a shortage in supply
This Thursday, September 14, the oil prices reached their highest point of the entire year, iDriven by tighter supply prospects, which prevailed over concerns related to weaker economic growth and rising U.S. crude oil inventories, according to Reuters. At 11:24 a.m. (CET) (15:24 GMT), the price of the Brent oil registered an increase of US$1.74, […]
OPEC: “The world cannot live without oil” and will not be able to in the foreseeable future
The current president of OPEC, the Equatorial Guinean Antonio Oburu Ondo, stated this Wednesday in Vienna that “the world can’t live without Petroleum” and that it will not be able to do without this fossil source in the foreseeable future, given the energy needs of the planet. “The reality of energy is that the world […]
Equinor will be able to drill an offshore well in the Argentine sea from December
Norwegian oil company Equinor will be able to drill a well that is part of an ‘offshore’ project in the North Argentina Basin (CAN) that will take place between next December and June of next year, after the Argentine Government gave it authorization this Tuesday . A resolution of the Secretariat for Climate Change published […]
The oil future of Ecuador, at stake with an unprecedented national consultation on the Yasuní
Ecuador faces a crucial moment for the future of its Petroleumone of the great pillars of his economy, that is at stake with the unprecedented national referendum to prohibit the exploitation of Block 43-ITT, Deposit located under the Amazon jungle of the National Park Yasunione of the world epicenters of biodiversity. Of the around 480,000 […]
Argentina begins filling a new gas pipeline, key to developing Vaca Muerta
Argentina The filling of the tank began this Tuesday pipeline President Nestor Kirchner (GPNK), the key engineering work to expand production and evacuate gas from the gigantic formation of hydrocarbons unconventional from Vaca Muerta, in the southwest of the country. “What happens today, Tuesday, June 20, is the beginning of the filling, as it is […]
Venezuela’s PDVSA’s new management hopes to boost production, refining
The new management of the Venezuelan state company PDVSA It expects to increase the country’s oil production to 1.17 million barrels per day (bpd) by the end of the year, while boosting refining and exploration activities, an internal planning document showed. Venezuela’s monthly crude production exceeded 800,000 bpd in April, for the first time since […]