Highlights Latin America among the biggest beneficiaries of Russian crude shortfall Observers concerned proceeds being used to subsidize energy prices Additional investments in the sector could delay energy transition The Continue Reading
Highlights State-backed refiner says it will step up deliveries Logistics problems are behind the shortfall Farmers fear diesel shortage will stall crop harvest YPF, the biggest oil producer and refiner Continue Reading
Diesel imports have surged in dollar terms Price controls are discouraging importing more Imported diesel is sold at 30% below its import price Argentina’s service stations have started rationing diesel, Continue Reading
A Russian oil company used to provide a workaround to U.S. oil trading sanctions on Venezuela is scrambling to avoid another set of sanctions, documents show, this time from Europe Continue Reading
Russia’s invasion of Ukraine has sparked concern of a global supply shortage, forcing the U.S. to rethink its relationship with Venezuela. The burden created by strict U.S. sanctions against Venezuela Continue Reading
Cammesa seeks 12 total cargoes of HSD, fuel oil — half of its last tender Several large LatAm awards or tenders out March 25 after dry spell Argentina’s Cammesa unveiled Continue Reading
Highlights TGS to add 17 million cu m/d of capacity Another project planned with 44 mil cu m/d capacity Developments raising export expectations Transportadora de Gas del Sur, or TGS, Continue Reading
—For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company could boost production in Venezuela, Continue Reading
The war in Ukraine has created an especially volatile oil market, and the Biden administration is racing to counter rising prices. The United States needs to replace as much as Continue Reading
Guyana is going through an impressive oil boom, with the country on track to produce over a million barrels per day by 2030. Unfortunately, the small country’s production will take Continue Reading
