Brazil cuts fuel prices amid strikes
Brazil’s president cuts diesel prices in an effort to bring striking lorry drivers off the picket line. File Photo by Stephen Shaver/UPI May 29 (UPI) — The price of diesel Continue Reading
Brazil oil workers plan strike in new blow to government, economy
SAO PAULO (Reuters) – Brazilian oil workers planned a 72-hour strike starting on Wednesday, despite a court order, in a new blow to President Michel Temer and an economy reeling Continue Reading
Oil major Total says Foz do Amazonas project still alive despite Brazil rejection
French oil major Total said on Wednesday that its plans to drill in the ecologically sensitive Foz do Amazonas basin were still alive, despite Brazil’s decision to reject its drilling Continue Reading
Cuban Oil Refinery Flooded, Oil Spills Into Bay
Cuba’s Cienfuegos oil refinery has sustained damage due to flooding after heavy rainfalls from subtropical depression Alberto, sending an unspecified amount of crude oil into the Cienfuegos Bay. Barriers were Continue Reading
India Won’t Pay For Venezuelan Oil With ‘Petro’ Cryptocurrency
India doesn’t plan to use Venezuela’s ‘petro’ cryptocurrency to pay for crude oil imports from the Latin American nation of which it is a large regular customer, India’s Foreign Minister Continue Reading
Truckers’ Strike in Brazil About To End, Another Coming
Just as the Brazilian government made some progress towards settling matters with truckers that have paralyzed the country with protests against high fuel prices, another strike is looming on the Continue Reading
Petroperu suspends pumping on North Peruvian crude pipeline
State-owned Petroperu halted pumping on its 200,000 b/d North Peruvian Oil Pipeline as it sought to investigate an apparent leak. Operations were stopped after crude was detected in a jungle Continue Reading
Brazil Truckers Strike to Cost Government $2.6 Billion Through End of Year
Brazil’s government said Monday that concessions to end a crippling truckers strike will have a high cost for taxpayers even as the country’s businesses and consumers struggle with shortages of Continue Reading
Maduro Vows To Double Oil Production With Help From OPEC
AFP reports that during his inauguration speech, Maduro said he will seek the help of OPEC to double Venezuela’s oil production, which is currently at 70-year lows and much below Continue Reading
Are Venezuelan And Iranian Oil Exports About To Plunge?
The threat of falling oil supply from both Iran and Venezuela looms large amid geopolitical tension, economic fears and sanctions. All the while, both are scrambling to maintain flows to Continue Reading