(Reuters)Â -Â Mexico's peso was set for its worst day in 3-1/2 years on Monday and Colombia's peso slumped to a record low as the currencies of major crude oil exporters were hammered after oil lost a third of its value.
Oil...
In the wake of one of history’s largest oil price declines in a single day, a Rystad Energy impact analysis shows that US drilled but uncompleted wells (DUCs) will be the first assets to be threatened by the newly...
(Reuters) - Venezuela’s judiciary has moved to seize the assets of six private shipping agencies over debts to state oil company Petroleos de Venezuela (PDVSA) , according to a document seen by Reuters and two people with knowledge of...
(Reuters) - Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm’s Swiss trading unit.
Washington imposed sanctions in February on Rosneft’s Geneva-based...
(Bloomberg) Brazil plans to withdraw its diplomatic personnel from Venezuela in the latest attempt to increase the isolation of the government of Nicolas Maduro, a senior official said.
The official, who’s directly involved in the process but isn’t allowed to...
Caribbean petroleum producer Trinidad and Tobago is facing an unprecedented economic crisis fueled by a downturn in LNG and oil prices which former energy minister Kevin Ramnarine says only careful planning and a reality check can avert.
“Folks we are...
Following a significant discovery at the Maka Central-1 well at Block 58 offshore Suriname, Apache Corp. is now gunning for oil at a second prospect on the block which reports indicate look promising.
John J. Christmann IV, CEO and President...
Reports indicate that on Monday, armed robbers boarded the tanker San Ramón at an anchorage off Isla Borracha, Venezuela, and killed the vessel's master in an altercation.
According to a report in The Maritime Executive, the victim has been identified by Venezuelan...
(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them discover then recover massive amounts of crude oil locked beneath the floor of the Atlantic...
Brazilian state oil company Petrobras recorded an income of 9.205 billion dollars in 2019, which represents a 55.7 % rise compared to 2018.
According to an update from the company, the greatest revenue in its history was a result of...
