More Bloomberg News The oil had the highest monthly advance on record, just a few weeks after prices fell dramatically below zero. The crude rose about 88% in May and on Friday US futures exceeded $ 35 per barrel for the first time since March, driven by drastic limits on supply from producers around the … Read more
China is preparing to impose a new national security law in Hong Kong, which has led to warnings from President Donald Trump. Beijing also decided not to set a GDP growth target this year, as expected at this time, since the pandemic has already devastated the country’s activity. The Brent crude was down $ 1.69, … Read more
Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, affirmed that the ministry’s strategy to develop Egypt’s natural gas resources during the last four years has successfully achieved its goals, indicating what has been achieved from an increase in the pumping of international companies ’investments in Egypt and the speed of placing natural gas fields … Read more
Given the complicated situation experienced by Covid-19, oil companies with activity in the country will evaluate the possibility of requesting extensions to the National Hydrocarbons Commission (CNH) to carry out their activities. Read: Will utilities pay despite coronavirus? Look at the plan of some companies This is the case of Newpek, a subsidiary company of … Read more
Oil prices ended lower on Wednesday despite an unexpected drop in crude reserves in the United States, which did not allay market concerns about weak demand. Read: Sener would indefinitely stop renewable energy In New York, the WTI barrel for June lost 1.9% to $ 25.29. The North Sea barrel of Brent for July delivery … Read more
May 05, 2020 – 03:17 p. m. 2020-05-05 By: Drafting of El País and AFP — Despite starting the week with its price rising, faced with the uncertainty of a trade war between the United States and China, the dollar fell in price on Tuesday, to the point of eliminating yesterday’s gains. At the close … Read more
Oil prices on Friday followed the upward trend of the Asian session with the entry into force of a global agreement to reduce the production of black gold, which was to restore some balance to a sinking market. Read: Sweden and its way of dealing with the virus without quarantine At around 12:20 GMT, the … Read more
NY – The Texas Intermediate Oil Price (WTI) opened Monday with a drop of 24.3%, to $ 12.83 a barrel, on another black Monday motivated again by the lack of storage worldwide, especially in the main reserve points and stockpiling from the United States, and the significant drop in demand as a consequence of the … Read more
The President of Venezuela, Nicolás Maduro, appointed Oil Minister Tareck El Aissami, a senior official sanctioned by the United States, and as president of the state PDVSA to Asdrúbal Chávez, a relative of the late former socialist president Hugo Chávez, according to decrees released this Monday in the Official Gazette. El Aissami, vice president for … Read more
The Mexican oil export mix registered the worst week in its history, falling 40.5 percent and closing at $ 8.53 per barrel. Read: WhatsApp: you can now make video calls with 8 people at the same time Last Monday, the price of Mexican crude fell to negative terrain, trading at $ -2.37 per barrel, the … Read more