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
The oil company said in a statement that it will lower its fuel prices starting on October 1, although a tax increase and the devaluation of the peso will limit the impact on retail prices
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Kuwaiti Haitham al Ghais, defended in Brazil a strategy that supports all energy sources and stated that achieving this requires "adequate" investment over many decades
Bolivia's natural gas exports to Argentina will come to an end this month, following local media reports indicating that the neighboring country's exports had been halted
According to the EU's statistical office, Eurostat, between April and June 2024, the EU imported energy products worth €94.9 billion, equivalent to a total of 177.9 million tonnes
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
The Argentine oil company YPF will complete the first stage of a pipeline that will connect the Vaca Muerta formation with Allen in Río Negro in the first quarter of 2025, with a capacity of 350,000 barrels of oil per day
