The drop in oil demand by refiners at local level and the exports limited to a minimum at global level due to the coronavirus pandemic, pushed storage capacity to the limit in the producing provinces
The British giant said it slumped into a u$s4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil. "Our industry has been hit by supply and demand shocks on a scale never seen before," BP's CEO stated
Petrobras announced the early operation of a new offshore platform with the capacity to extract up to 100,000 barrels of oil per day (bpd) and 5 million cubic meters of natural gas
The world oil market is heading for a sizeable surplus in the new year, the International Energy Agency said as it reassured markets that the agency stood ready to act if needed to cover any supply disruption from Iran
Argentina's Chief of Staff, Guillermo Francos, mentioned that YPF will sign the agreement with one of the world’s largest companies, valued at $140 billion. The contract will span 20 years
The weaker outlook highlights the dilemma faced by OPEC+, which comprises the OPEC and allies such as Russia, which is planning to start raising output in December after earlier delaying the hike against a backdrop of falling prices
U.S. and global oil demand growth will be smaller next year than prior forecasts, the U.S. Energy Information Administration said in its Short-Term Energy Outlook report
The governments of Argentina and Brazil will sign a memorandum of understanding this year, outlining new rules for the integration of their natural gas networks, announced Argentina's Secretary of Energy, Eduardo Rodríguez Chirillo, in Rio de Janeiro
This offshore field, located 60 kilometers off the coast of Tierra del Fuego, has a production capacity of 10 million cubic meters per day, the equivalent of 70,000 barrels of oil per day
Petrobras opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said
