Browsing Tag

oil

OPEC will continue to increase oil production

The ministers of the Organization of the Petroleum Exporting Countries (OPEC) and the representatives of the allied producers, led by Russia, which together form the so-called OPEC +, agreed to go ahead with the gradual increase in the supply of crude oil by 400,000 barrels per day for December, as…
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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…
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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…
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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…
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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…