Guyana, the tiny English-speaking South American country, is poised to become the next big oil producer in the Western Hemisphere
It is common knowledge that today’s society depends on crude but who really runs said industry?
Venezuelan Oil Minister Eulogio Del Pino will visit Russia, Qatar, Iran and Saudi Arabia on a tour of OPEC and non-OPEC countries intended to drum up support for action to stem the tumble in crude prices.
Increased political confrontation can drive oil-rich Venezuela -- already a very violent country -- into outright chaos,
Venezuela and Iran continue to seek consensus on ways to stabilise oil markets and strengthen OPEC
Venezuela has put off a reckoning on its tens of billions of dollars in debt, but its ability to avoid a disastrous default will probably require much higher oil prices
Colombian President announced 100,000 hectares of the rare ecosystem will be delimited. In February a court had declared oil, gas and mining operations illegal in these territories.
Despite being among the top 10 oil producers, their gasoline reserves are expected to last only two days if put to the test, Pemex are being put to blame.
Non-oil related trade with LatAm has been on the rise in the UAE, the wealthy Middle Eastern country has found favorable trade partners in this region.
18 years of copycatting the Cuban revolution, have brought the largest depository of proven oil reserves to be unable to secure power for its households.
Many countries throughout the region have been enjoying cheap oil through Venezuela's Petrocaribe program, but continued dependence could spell disaster.
In a strange turn of events, Venezuela’s crisis could lead to Russia gain control of 4% of the U.S. oil infrastructure.
Free market strategy boosts Mexican national revenue
The oil crisis took Mexico’s earnings down a peg, and with a stronger dollar, remittances are now the more significant foreign inflow since 2014.
Petrolera Amerisur plans to once again drill for oil in northern Paraguay in April, while two other private companies plan to explore for oil in the Chaco region, Deputy Mines and Energy Minister Mauricio Bejarano said.
We Ignore Cronyism at Our Peril. In the wake of the scandal surrounding Brazil’s state-run oil company Petrobras, we would do well to analyze the role of state enterprises in the Americas.
Petroperu may issue bonds to finance the $3.5 billion Talara refinery upgrade as the state oil firm looks to expand operations after key structural changes.
Despite being sanctioned by Peruvian environmental authority (OEFA) Petro-Peru has allegedly pumped more crude and caused an oil spill in the Loreto region.
The OPEC daily basket price rose by almost 13% after the group announced last Wednesday that it was cutting oil production by 1.2 million barrels as from January 2017
Four tankers carrying over 2 million barrels of crude oil were refused discharge in Venezuela due to a shortage of funds in state-controlled PDVSA.
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