Brazil aspires to become one of the five main oil producing and exporting countries in the world by 2030. This was announced by the Minister of Mines and Energy of Brazil, Bento Albuquerque, within the framework of the Saudi Green Initiative forum held in Riyadh.
The minister stressed that to…
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Rise in oil prices will not benefit Venezuela
A barrel of oil could increase by the order of 100 dollars by the end of the year. This was reported by economist Rafael Quiroz, who pointed out that these upward estimates are a consequence of the global crisis caused by the energy crisis.…
Barrel Brent passes the $ 85 mark
The price of Brent oil, the benchmark for Europe, surpassed the threshold of $ 85 per barrel on Friday for the first time since 2018, fueling pressures on energy prices and inflation.
However, after the opening of the markets of the Old…
Shell sells assets to ConocoPhillips for 9.5 billion dollars
The oil company Shell reported that it reached an agreement with the US company ConocoPhillips for the sale of its assets in the Permian oil basin, located in Texas (USA), for about 9.5 billion dollars.
The information was released through…
Economic activity in Venezuela fell 2.2 %
The Venezuelan Finance Observatory reported that "economic activity in Venezuela fell 2.2 % in the second quarter of 2021", registering a total of 25 consecutive quarters in the fall in the economic activity index. However, the reported…
OPEC + agreed to maintain production increase at 400,000 barrels per day
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC +, agreed on Wednesday to keep their plans to increase crude production by 400,000 barrels a day, the cartel reported in a statement.
OPEC…
The Ibex 35 closes with a rise of 1.18%
The Spanish indicator has added 104.5 points, equivalent to that rise of 1.18 %, placing it at 8,970 points. The rest of the main European stocks closed with a mixed sign: while Milan rose 0.5 % and Frankfurt, 0.28 %. Paris fell 0.73 % and…
OPEC: The development of the pandemic will determine the global economic recovery
OPEC, in its monthly report on the oil market, pointed out that, despite the evolution of the Covid-19 pandemic, the global economic reactivation continues and "will not reduce the oil demand forecast for 2021 and 2022".
However, in the…
Oil prices fall due to OPEC+ uncertainty
Oil price registered a depreciation at the close of the day on July 15 due to the possibility that the OPEC+ alliance agreed to an increase in supply and after knowing an increase in gasoline reserves in the United States, which causes…
PDVSA showed a slight increase in its production
The oil economist, Rafael Quiroz Serrano, indicated that Venezuela produced 531,000 B / D in May, according to secondary sources related to the Organization of Petroleum Exporting Countries (OPEC), which represents an increase compared to…
OPEC + maintains increase in crude oil on the world market
The ministers of the nations that make up the Organization of the Petroleum Exporting Countries plus Russia confirmed that they will continue with the plan to progressively increase the supply of crude oil by 2 million barrels per day, as…
Oil price registers a rise
The price of a barrel of oil registered a strong advance both in its Brent variety, the reference for Europe, and in the West Texas Intermediate (WTI), the reference for the United States.
In the case of Brent oil, the price of a barrel…