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
