Black sunset. The prices of Petroleum They closed this Wednesday at the highest since 2011 for WTI and since 2014 for Brent, driven by the war in Ukraine, sanctions against Russia and fears about the supply of black gold. A barrel of West Texas Intermediate (WTI) for April delivery rose 6.95% to $110.60, a peak […]
Tag: raw
Sanctions against Russia make it difficult for Venezuela to benefit from the rise in crude oil
The benefits that Venezuela would obtain with the rise in oil prices will be reduced as a result of international sanctions against Russia, after the invasion of Ukraine, since a large part of the payments received by the country go through Russia, explained economists specialized in the sector. . “There is a specific problem for […]
The US and partners are in the “early phases” of a plan to release crude oil reserves globally
Updated on 02/24/2022 03:51 pm US officials have been working with their counterparts in other countries on a combined release of oil from the world’s strategic crude reserves, two sources said, with one adding that the plan is in the “early stages.” Prices of Brent crude, the international benchmark, soared above $105 a barrel after […]
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 […]
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 […]
OPEC + will increase its production by 400,000 barrels per day during February
This Tuesday, the Organization of the Petroleum Exporting Countries together with Russia and other allies (OPEC +) decided to increase their joint production of crude oil by 400,000 barrels per day during February despite the threat of the new omicron variant. “In view of the current fundamentals of the oil market and the consensus on […]
Piura: after 25 years, Petroperú recovered Lot 1 in Talara
Piura. The state-owned company Petroperú began a return to oil and gas production activities, after 25 years, by taking control of the production operations of Block I, in Talara, which currently produces around 540 barrels of oil per day (BPD). The return of production control began with a formal ceremony, carried out in one of […]