Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela’s heavy grades as China’s road construction sector—a key Continue Reading
Gas y Petroleo del Neuquen is preparing a fourth round for the remaining 44 frontier blocks in Vaca Muerta, a system that is opening the door to smaller players to Continue Reading
Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro, which analysts and experts see as nothing but a scam and another Continue Reading
Argentina has announced the launch of an offshore oil and gas block tender in what it says is the last frontier for oil and gas exploration in the southern hemisphere. Continue Reading
A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, Reuters quoted anonymous sources close to PDVSA as saying this Continue Reading
Argentina is in the midst of an economic and market crisis. Its local currency has lost around 40 percent against the U.S. dollar so far this year. The central bank Continue Reading
Repairs to a dock at Venezuela’s main oil export port will take at least another month to complete following a tanker collision more than a month ago, further restraining the Continue Reading
The Calcasieu River ship channel is a fisherman’s paradise for speckled trout. It is also a vital thoroughfare for Venezuelan oil. Tankers with Venezuelan crude sail up to the Citgo Continue Reading
Venezuelan migrants sleep before the start of a job fair in Medellin, Colombia, on Sept. 27. As hundreds of thousands of desperate Venezuelans flee their country, in many cases on Continue Reading
Royal Dutch Shell Plc ( RDSa.AS ) and Chevron Corp ( CVX.N ) on Friday led big bets by oil majors seeking to clinch key stakes in Brazil’s coveted offshore Continue Reading
