News of petrol

Fuel suppliers extend 4% monthly 'Precios Justos' price cap until August

13-04-2023 09:11 Major oil firms extend Precios Justos’ price control scheme for fuel, agreeing to cap petrol increases to monthly four percent until August in a bid to tackle inflation and keep costs at the pump down.

Oil corruption

Venezuela's oil minister resigns over graft probe

21-03-2023 12:24 Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.

Oil production

Shale oil exports to spur Argentina's trade surplus, official says

07-03-2023 17:07 Booming oil production out of shale patch Vaca Muerta will create surpluses in energy trade for Argentina to the tune of US$8 billion within a few years, says top official.

BLOOMBERG

YPF is poised to rein in capex ambitions amid fuel controls

30-11-2022 22:29 State-run oil company YPF probably will set next year’s spending plan at the lower end of a range that executives are discussing internally.

BATTLE AGAINST INFLATION

Fuel suppliers join price control scheme with 4% monthly cap

29-11-2022 11:07 Major oil firms sign up to Sergio Massa’s new price control scheme, agreeing to cap increases in a bid to tackle inflation and keep costs at the pump down.

UNREST IN ECUADOR

Protesters reject Ecuador president's 'insensitive' fuel price cut

27-06-2022 13:32 Unrest continues as indigenous protesters reject a fuel price cut announced by the government as insufficient and "insensitive."

BRAZIL UNDER BOLSONARO

Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar

24-05-2022 08:56 Brazilian President Jair Bolsonaro dismisses president of state oil giant Petrobras – who had been in the job for only 40 days.

FEATURE: VENEZUELA IN CRISIS

Venezuela: the decline of an oil giant in crisis

17-01-2022 08:15 The Maracaibo basin in Venezuela was once a flurry of oil activity, with a halo of light over the complex visible at night from a fair distance. Today, it is a humid swamp that stinks of oil from leaking pipes floating on the water.

Energy & Environment

Climate crisis puts oil in the crosshairs, but dependence persists

27-12-2021 23:20 The climate crisis has put the end of oil onto the agenda, but achieving that is a colossal task given the world economy's deep dependence on petroleum.