The economist and oil expert Rafael Quiroz pointed out that the most Venezuela could produce this year is one million barrels per day. In his opinion it is "impossible" for the country to produce 2,000,000 barrels of crude oil per day, as it has proposed. the Venezuelan government.
Quiroz expressed…
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Chevron to reactivate operations in Venezuela
United States President Joe Biden authorized Chevron to start the reactivation of its operations in Venezuelan territory and it is estimated that the decision will be formalized this week, within the framework of the talks between the…
Russia could accept Bitcoin as payment for oil and gas
Pavel Zavalny, chairman of the State Duma Energy Committee, said Russia could accept payments in different types of currencies for its oil and natural gas exports, depending on the requirements and the "state of foreign relations of the…
Venezuelan oil production increased 4 % in February
The Organization of Petroleum Exporting Countries (OPEC) reported in its monthly report that Venezuelan oil production increased by 4 % in February compared to January pumping, based on official figures.
The information highlights that the…
Venezuela aspires to increase its oil production by 2022
Venezuela plans to increase its oil production goals to 2 million barrels per day, as well as its derivatives, as part of the economic growth plan for 2022, as announced by the Oil Minister and Sector Vice President of Economy, Tareck El…
Oil price could hit $300
Given the ban by the United States on the import of oil and gas from Russia, the latter warned that the price of crude oil could reach 300 dollars per barrel.
This was indicated by the Russian Deputy Prime Minister, Alexander Nóvak, who…
Biden blocks import of oil and gas from Russia
The president of the United States, Joe Biden, announced a ban on the import of oil, gas and coal from Russia, assuming that there may be other allies who, like the Europeans, cannot yet take such a big measure.
"We will not subsidize…
Oil reaches its highest price in the last 14 years
The price ofBrent quality oil, a reference for Europe, reached the verge of 140 dollars, close to the historical maximums registered in 2008, after soaring almost 20 % at the beginning of the session due to fears that the United States may…
Venezuela could face problems in the sale of foreign currency
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…
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…