The dramatic fall in Venezuela’s oil production has surprised many analysts and has helped to tighten the oil market more than expected. The country’s economic outlook is grim, and the Continue Reading
The Aruba government said on Thursday it started talks with the United States after Houston-based firm Citgo Petroleum slowed work on an overhaul of the Caribbean island’s 235,000-barrel-per-day refinery due Continue Reading
Oil was found flowing naturally for the first time ever onshore in Jamaica at two locations in what could be a door opener in the Caribbean, companies said. Two companies, Continue Reading
PDVSA, Venezuela’s state-oil company, is losing workers by the thousands, with as many as 10,000 leaving the company in just one week of January, media report, citing protests against low Continue Reading
Two months after Venezuelan President Nicolas Maduro surprised analysts and the cryptocurrency world with his idea to launch an oil-backed cryptocurrency, the socialist president said early on Tuesday that Venezuela Continue Reading
It has been an appalling few years for Brazil’s energy patch. Weaker oil prices, sweeping corruption scandals and the worst economic downturn ever have sharply impacted the nation’s oil industry Continue Reading
Venezuela’s economy on the brink of collapse Venezuelan leaders face an unprecedented economic crisis, and their currency is almost worthless. So they created a new one. Venezuela’s government on Tuesday Continue Reading
Six months after bursting on to the Mexican stock market with the third-biggest initial public offering since 2015 and the promise to become a Latin American energy champion, Vista Oil Continue Reading
Venezuela is going to shop around for other buyers of its crude oil, should the United States make good on its threat to impose an oil embargo on the troubled Continue Reading
As the market embarks on a second year of record level LNG supply from the Atlantic Basin and strong competition from Asia for those volumes, a potential choke point is Continue Reading
