he nation sitting on half the world’s lithium reserves has a calming message for electric car makers: tougher environmental oversight won’t threaten future production of the metal used to make batteries. Chile’s environmental regulator is working Continue Reading
Eleazar Hernández slept on a sidewalk amid a light drizzle, temperatures that dipped close to freezing and the roar of passing trucks. The 23-year-old Venezuelan migrant was trying to make Continue Reading
Venezuela’s state oil firm PDVSA has recently boosted its crude oil blending operations to a six-month high after some upgraders came back online, Reuters reported on Thursday, citing PDVSA documents Continue Reading
For the first time in a century, there are no rigs searching for oil in Venezuela. Wells that once tapped the world’s largest crude reserves are abandoned or left to Continue Reading
Colombia’s oil history began in 1918 and entered a golden age in the late 1980s. Then, earlier this century, a new petroleum boom started, which was to bring considerable wealth Continue Reading
Protects refining assets after PDVSA missed bond payments Platts Analytics estimates September output at 300,000 b/d Washington — The US Department of the Treasury on Oct. 6 again extended for Continue Reading
There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly appointed President of Guyana Dr. Irfaan Ali recently called Continue Reading
Venezuela has begun to import banknote paper and is mulling plans to print bills with larger denominations as hyperinflation causes shortages of cash, according to six people with knowledge of Continue Reading
The flow of positive news regarding the future of PDVSA, Venezuela’s national oil company and cash cow, has been almost non-existent since February 2018. Rightly so, given that almost every Continue Reading
Despite President Maduro’s claims of a looming recovery for Venezuela’s economically crucial oil industry in early 2020 production keeps declining. Even measures aimed at revitalizing the industry and circumventing U.S. Continue Reading
The final vessel in a flotilla of three Iranian fuel tankers entered gasoline-starved Venezuela’s waters on Saturday, in the latest sign of cooperation between the two countries amid protests over Continue Reading
Maria Planchart once lived comfortably in Caracas and had aspirations of being a lawyer. In this WSJ Films documentary, we follow her struggle to feed her family. Ana Nuñez, a Continue Reading
The Covid-19 pandemic has ravaged Latin America, killing more than 300,000 people, erasing years of social and economic gains and plunging millions back into poverty. But from Mexico to Brazil, Continue Reading
Venezuela’s foreign currency revenues—almost all of which come from crude oil sales—have plunged by 99 percent since 2014, Nicolas Maduro said , blaming most of the losses on the “persecution Continue Reading
Reliance Industries, owner of India’s biggest refinery, has started buying Canadian heavy crude to replace Venezuelan imports on fears that the U.S. could take sanction action against the company. According Continue Reading
Venezuela’s dwindling oil exports were dealt another blow as one of India’s top refiners secured millions of barrels of Canadian crude on concern that the U.S. is poised to step Continue Reading
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Iran has received gold from Venezuela for the fuel cargoes Tehran had sent to the Latin American country, a commander at Iran’s Islamic Revolutionary Guard Corps (IRGC) said over the Continue Reading
The first vessel in an Iranian convoy of ships bringing desperately needed fuel arrived in Venezuela, demonstrating both nations’ determination to undermine U.S. efforts to isolate the governments in Tehran Continue Reading
The sun had risen over the Caribbean Sea when Frank González spotted “the stain” — an oil slick on the water that stretched for miles. “The sea looked like butter, Continue Reading
Venezuela sits on top of the world’s largest proven oil reserve. The country is home to what is estimated to be a whopping 296.5 billion barrels, which accounts for a Continue Reading
After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its Continue Reading
Violence has broken out yet again in strife-torn Colombia after a law student was killed by police in Bogota two weeks ago for allegedly breaching coronavirus social distancing restrictions. Those Continue Reading
After defying U.S. sanctions by shipping its first cargo of oil to Venezuela just last week, Iran is using the same ship to help the Latin American country export crude. The Continue Reading
Activity in Brazil’s energy patch keeps ratcheting ever higher. During January 2020, Latin America’s largest economy saw its all-important petroleum industry achieve a new milestone pumping on average a record Continue Reading
Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock bottom in April, Continue Reading
US sanctions have deterred all but Iranian tankers from delivering gasoline to fuel-starved Venezuela, and the Trump administration will keep up pressure on the global shipping industry to avoid the Continue Reading
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, Reuters reports , citing unnamed sources and company documents. State-owned oil company PDVSA produced just Continue Reading
Gasoline shortages are becoming more acute across Venezuela (Twitter). Spanish – An uptick in coronavirus cases amid the most severe gasoline shortages exacerbates the crisis in the country with the Continue Reading
An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as Honey, turned off its satellite signal and started Continue Reading
Another round of Iranian gasoline shipments appears to be headed to Venezuela despite the US government’s move last month to seize similar cargoes to increase pressure on both sanctioned countries. Continue Reading
An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship is identified in internal documents as Honey, according to a Continue Reading
Contraband fuel sits on the side of a road in Puerto Santander, Colombia, on May 31, 2019. The Venezuelan government’s lack of cash to import gasoline combined with U.S. sanctions Continue Reading
Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing to cannibalize the Continue Reading
ExxonMobil said on Tuesday it had made its 18 th oil discovery offshore Guyana, which adds to its previous estimate of more than 8 billion barrels of discovered recoverable resources Continue Reading
While the August 2020 global rig count remains significantly lower than for the same period last year, because of oil’s protracted price slump, Colombia’s economically crucial petroleum industry appears to Continue Reading
Suriname is one of Latin America’s poorest countries. Up until July 2020, the former Dutch colony was mired in a political crisis that emerged from the hotly contested May parliamentary Continue Reading
It has been a tough summer for Venezuela. The already ailing country, in the throes of a severe lockdown, is also experiencing a major environmental disaster. In July, a state-owned refinery Continue Reading
Latin America has a long history of resource nationalism, particularly when it comes to petroleum. Since the end of World War Two, this has acted as a significant deterrent for Continue Reading
Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. Continue Reading
Venezuela reportedly is finding it difficult to secure a vessel on which to empty an oil tanker at risk of sinking off its coast because of U.S. sanctions. (Bloomberg) — Continue Reading
The official August data on the number of fires in Brazil’s Amazon needs to be corrected and will likely show an increase over last year, meaning that blazes surged to Continue Reading
Argentina’s state-backed energy company YPF plans to redeploy 46 rigs in the Vaca Muerta region over the next six months, helping to revive oil and natural gas output from the Continue Reading
Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse which saw the Continue Reading
Less than a decade ago energy companies scoffed at Chile’s drive to develop its renewables sector, rejecting it as too expensive even though the Andean country boasts some of the Continue Reading
As Venezuela’s near-nothing oil industry slinks further into nothingness, a new commodity is taking shape in the crisis-stricken Latin American country sitting atop the world’s largest oil reserves: gold. According Continue Reading
Earlier this month, President Maduro said he would be the first to get vaccinated Venezuela’s President Nicolás Maduro has announced he will be asking for volunteers to test the Covid-19 Continue Reading
Haggard and hungry, Nelson Torrelles took a midmorning breather at a truck stop after walking for hours with his wife and 5-year-old daughter along a Colombian highway leading back to Continue Reading
In a surprise move roughly one month ago Colombia’s Supreme Court ordered the house arrest of former President Àlvaro Uribe after allegations of witness tampering. The considerable controversy this has Continue Reading
Velacio Vicuña began to cough incessantly and felt feverish. But the tire salesman avoided getting a test for the new coronavirus, fearing that if it was positive, soldiers would take Continue Reading
