The state oil company of the South American country, Petroecuador, issued a statement through which it specified that its crude oil exports between January and March 2023 exceeded 25 million barrels.
Petroecuador made the information public on Tuesday, from which it appears that the company…
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crude oil
OPEC: oil demand will grow until 2035
In its most recent report, OPEC forecasts a sustained increase in demand for crude oil until 2025, taking as a reference the requirements in the transport and technology sectors.
The report of the Organization of Petroleum Exporting…
Venezuela will receive 1,220,000 barrels of crude oil from Iran
Venezuela's dependence on Iranian crude continues to grow. In the coming days, tankers from Iran with a cargo of crude oil of some 1,220,000 barrels, in addition to another 2,000,000 of condensate, are expected to arrive on the Venezuelan…
Oil price goes back above 100 dollars
The price of a barrel of Brent crude, a benchmark for Europe, again exceeded the threshold of 100 dollars on Wednesday, after Saudi Arabia speculated on the possibility of an adjustment in the production of the Organization of Petroleum…
Eni SpA and Repsol will send Venezuelan oil to Europe
The US government will allow Italian oil companies Eni SpA and Spanish Repsol SA to start shipping Venezuelan oil to Europe as a way to offset Russian crude starting next month.
The US State Department authorized the two companies to…
OPEC + will increase its production by 400,000 barrels per day
The ministers of the oil sector of the 23 countries that make up OPEC+ (OPEC and allies) decided to increase their oil production to 400,000 barrels per day during the month of February, despite the uncertainty that the world is…