LatAmOil - Latin America Oil & Gas

Oil plunges again after IEA paints bleak picture

Lower fuel demand leads YPF to slash Vaca Muerta output

YPF has cut oil production at fields in the Vaca Muerta shale formation, on the grounds that energy demand has fallen since the government imposed a lockdown to curb the spread of coronavirus.

Venezuela oil service firms eye looser restrictions on gasoline imports, sales

Representatives of Venezuela’s private fuel supply companies are urging the government to loosen restrictions on the import and sale of gasoline.

Peru LNG reports exports up in March

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes increase year on year in February.

Ecuador suspends oil flows through two pipelines hit by landslide

Ecuador has stopped operations in two oil pipeline systems following a landslide in the Amazon region last week, according to the country’s Hydrocarbons Ministry.

Guyana sees oil production reaching maximum but revenues dropping

The government of Guyana has said that oil production is set to reach maximum levels of 120,000 barrels per day (bpd) next month as anticipated, but it has also warned that per-barrel revenues are set to decline.

OPEC+ cuts deep into global supply, but not deep enough

Oil prices give up early gains as analysts say new OPEC+ production cuts not big enough