Latest Stories

Petrobras CEO says oil price plunge will hit his company’s finances in 2020

17 March 2020

Roberto Castello Branco, the CEO of Petrobras, has said he expects the plunge in world crude prices to affect his company’s finances this year.

Peru’s tribal leaders lodge complaint over Amazon pollution with OECD

17 March 2020

Indigenous leaders from Peru have filed a complaint with the Organisation for Economic Co-operation and Development (OECD) about Pluspetrol’s operations in the area of the Amazon River.

Head of Angolan fixed-income fund sees lower oil prices squeezing economy

17 March 2020

The head of Angola’s largest fixed-income fund manager said last week that his country’s government would have to act quickly to counter the impact of falling oil prices.

Petrobras says Búzios field hits new daily output record

17 March 2020

The Brazilian state-run oil and gas company Petrobras has reached a new output record at the Búzios oilfield.

BAML analysts: Lower oil prices will cut into economic growth in Latin America

16 March 2020

Bank of America Merrill Lynch has scaled back its forecast for economic growth in Latin America in light of the recent drop in crude oil prices.

Mexico touts success of annual oil hedge

16 March 2020

Mexico’s government does not expect to lose any budget revenues as a result of the downturn in world crude markets, and Finance Minister Arturo Herrera attributes this success to the country’s annual oil-hedging programme.

Fuel market survey: Ghana, Nigeria, Angola, Kenya

16 March 2020

The downturn in world oil prices is already having an impact on fuel markets in Africa. This article offers a brief look at recent developments in four African states.

Peru LNG brings export volumes up in February

16 March 2020

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