Latest Stories

Guyana government called upon to conduct feasibility study on nation's first oil refinery

22 August 2023

The Alliance For Change has called upon the government of Guyana to conduct a feasibility study for the nation’s maiden oil refinery. so as to avoid a wasted investment.

Mounting debt owed to Ukrenergo threatens energy stability this winter

22 August 2023

The money owed to Ukrenergo, the state-owned Ukrainian energy company, reached UAH59bn ($1.61bn) according to head of the board Volodymyr Kudrytsky, Interfax Ukraine reported on August 18.

Brazil on track to import record amount of Russian fuel this month

22 August 2023

Brazil is on track to import record hig.h volumes of Russian petroleum products this month.

Oil prices frozen by Argentinian government

21 August 2023

Argentina has frozen its oil price at US $56 per barrel in an effort to suppress inflation following the devaluation of the South American nation’s currency by the central bank. Crude drillers in Vaca Muerta will receive US $56 per barrel.

Venezuela's oil production surges despite sanctions, OPEC data shows

21 August 2023

OPEC has spotlighted a remarkable 10.65% surge in Venezuelan oil production from February to August of this year. Venezuela's state-owned oil company, PDVSA, recently announced its ability to meet 100 percent of the country's gasoline demands.

Venezuela appeals Citgo share auction by turning to US supreme court

21 August 2023

Venezuela is frantically trying to curtail the pool of eligible participants in a US court-mandated auction of shares in the parent company of Citgo Petroleum. The petition faces long odds.