Asdrúbal Oliveros, economist and director of Ecoanalítica, stressed that the relationship between the governments of Russia and Venezuela could impact the sale of foreign currency in Venezuela to contain the exchange rate because the country uses "the Russian financial system to triangulate the…
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OPEC confirms increase in oil production
The Organization of Petroleum Exporting Countries (OPEC), together with its 10 allies, confirmed that starting in April, oil production will grow by 400,000 barrels per day.
This increase had already been discussed previously in July of…
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…
Oil terminals suffer cyber attack
A series of oil terminals located in Belgium, the Netherlands and Germany recently suffered a major cyberattack, according to authorities.
The Antwerp prosecutor's office, located in Belgium, confirmed the launch of an investigation of the…
OPEC expects demand of 100 million barrels per day
The Organization of Petroleum Exporting Countries (OPEC) considers that the new omicron variant of Covid-19 will have a "slight and short-lived" impact on world demand for crude oil, for which it expects that consumption will exceed 100…
Barrel of oil reaches 88 dollars
The price of a barrel of Brent quality oil, a reference for Europe, rose this Tuesday to almost reach 88 dollars, due to less concern about the impact on demand of the omicron variant and the tensions in the Middle East and Eastern Europe ,…
OPEC + maintains its oil production growth
The ministers of the Organization of Petroleum Exporting Countries (OPEC) and the representatives of the allied producers, led by Russia, who together form the so-called OPEC +, have agreed to go ahead with the gradual increase in the…
Goldman Sachs forecasts rise in global oil demand
Goldman Sachs estimates that oil demand will continue to rise in 2022, reaching a record level, largely thanks to fuel requirements for the transportation and aviation sectors, if the gradual reopening of the borders is taken into account.…
Venezuela increased its oil production to 625 thousand barrels a day
The Organization of Petroleum Exporting Countries (OPEC) published in its November report that Venezuela increased its oil production for the fourth consecutive month, achieving an average of 625,000 barrels per day, which represents an…
Entrepreneurs from Guyana and Mexico study investment projects
Members of the Omega Industrial Group and other Mexican businessmen met with the President of Guyana, Mohamed Irfaan Ali in order to analyze the feasibility of a group of infrastructure projects that could be developed in the South American…
Chevron operations in Venezuela extended until 2022
The United States Department of the Treasury extended the operations of the companies Chevron Corporation, Halliburton, Schlumberger Limited, Baker Hughes Holdings LLC and Weatherford International, Public Limited Company until June 1st,…
The US will release 50 million barrels of oil
Joe Biden, president of the United States, issued instructions to release 50 million barrels of oil from the country's reserves, with the purpose of mitigating the increase in fuel prices.
Biden is working in coordination with a group of…