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 a company statement, where it reported that the assets…
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oil
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…
OPEC raised oil production in April
The Organization of the Petroleum Exporting Countries (OPEC) recorded an increase in its joint production of 26,000 barrels per day during the month of April, although it was still below its maximum quota, according to the monthly report…
Oil demand will recover by 2023
Global oil demand will not recover the levels observed before the pandemic until 2023, according to projections by the International Energy Agency (IEA), who warned about the possibility that the oil market "never returns to normal" before…
Oil prices rebound as OPEC discusses production cuts
Oil price continues to climb to maximum levels since the beginning of January 2020, after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC +.
In this way, the price of a barrel of Brent…