LatAmOil - Latin America Oil & Gas

Cuba marks Castro centenary as power crisis deepens and economic reforms expand

Cuba marked the 100th anniversary of Fidel Castro’s birth on August 13 as prolonged blackouts, fuel shortages and tighter US sanctions deepen the island’s economic crisis, while the government pursues a package of 176 measures

EDF calls for more climate finance to tackle oil and gas methane

The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.

Guyana’s crude expansion strengthens tanker demand on longer Atlantic-Asia routes

Guyana’s oil boom is creating longer-haul tanker demand as growing Americas crude exports are increasingly routed towards Asia, tightening vessel utilisation across multiple tanker segments.

Tenaris adds third Vaca Muerta fracking fleet after $110mn investment

YPF raises 2026 investment plan to $6.2bn as oil prices boost outlook

Argentina’s state-controlled oil company YPF has raised its 2026 investment forecast to as much as $6.2bn from a previous estimate of up to $5.8bn and increased its projected annual EBITDA to $8bn from $6bn, chief executive Horacio Marín said.

Venezuela-US trade more than doubles to $9.5bn in first half

Trade between Venezuela and the United States more than doubled in the first half of 2026, reaching $9.529bn as oil flows drove a sharp expansion in bilateral commerce

UNDP sees Venezuela GDP expanding 6.5% in 2026 despite inflation

Venezuela’s economy is on track to expand about 6.5% this year, according to the United Nations Development Programme, as stronger oil output, recovering commerce and increased access to foreign currency support growth despite elevated inflation