Senegal announced the start of oil extraction in the Sangomar field by the Australian company Woodside Energy. Thus, the West African country joins the group of hydrocarbon producers in the world. The company said in a statement: “Woodside proceeded with the first oil extraction in the Sangomar…
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BCV reported inflation of 1.5 % in May

For the month of May, according to the report from the Central Bank of Venezuela, the country's inflation was 1.5 %. According to the regulatory entity, interannual inflation was 59.2 % and accumulated inflation was 7.8 %. According to…

OPEC+ extends oil production cuts until 2025

The Organization of the Petroleum Exporting Countries, together with its allies OPEC+, decided to extend oil production cuts until 2025 in order to level prices. Through a virtual meeting of OPEC+ Oil Ministers, OPEC made the decision that…