Oil & Gas
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/ZPSFRJRKTZGRNCKC4AB62NC3C4.jpg "Mexico’s Government Favors Pemex in Oilfield Dispute With Talos Energy")
Mexico’s Government Favors Pemex in Oilfield Dispute With Talos Energy
The country’s energy ministry has concealed a document that shows it favors the state oil company’s participation in a mega oilfield which is at the center of a dispute with a private consortium
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/NVSN5PD7CVDTLGT6EARCL2DC6Y.jpg "Asia Set to Join Risk Rally as Dollar Weakens, Oil Opens Week Lower: Markets Wrap")
Asia Set to Join Risk Rally as Dollar Weakens, Oil Opens Week Lower: Markets Wrap
US futures rose early Monday while contracts for Japan, Australia and Taiwan all pointed higher; oil edged lower as investors assessed the outlook for demand
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/CRT2WTWUS5CGVPAWHRAEUDRQAU.jpg "Global Oil Windfall Eludes LatAm, Home to a Fifth of the World’s Reserves")
Global Oil Windfall Eludes LatAm, Home to a Fifth of the World’s Reserves
All over Latin America, the upside of $100 crude has been blunted by nationalist policies that tightened government control of the energy industry and sidelined the foreign investors
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/A6TZBHZT6NDGFLIG4LZC3FTWPI.jpg "Saudis Say OPEC+ Will Stay Proactive After Agreeing Supply Cut")
Saudis Say OPEC+ Will Stay Proactive After Agreeing Supply Cut
Analysts had predicted that the cartel would hold output steady in October, after increasing by 100,000 barrels a day this month in response to entreaties from US President Joe Biden
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PQMAUINWDZABBLQSFTPWZM5AQE.jpg "Ecopetrol Facing a Tough Year in 2023 As Debt Matures, Credit More Costly")
Ecopetrol Facing a Tough Year in 2023 As Debt Matures, Credit More Costly
Colombia’s state-owned oil company will face debt maturities next year and will need to seek financing at a time when oil prices may be lower and credit more expensive due to inflation
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YIYROSFSFNEOZHJPMLO3IWGN54.jpg "Ecuador Asks Trafigura to Avoid Imports of Russian Oil Subject to Sanctions")
Ecuador Asks Trafigura to Avoid Imports of Russian Oil Subject to Sanctions
Petroecuador issued the warning more than 12 hours after Trafigura finished discharging a cargo of mostly Russian diesel at the Ecuadorian port of Esmeraldas on Sunday
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/2XRTUUCUVBAYZIWEOFWRQPVJJU.jpg "Fuel Hike Needed in Colombia After Wasted Bonanza, Top Finance Official Says")
Fuel Hike Needed in Colombia After Wasted Bonanza, Top Finance Official Says
President Gustavo Petro, who took office this month, is willing to use some of his ample political capital to fix the problem by allowing prices to rise
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/M3ODDTRAZZATTHHWTMCDKEUY6Q.jpg "Foreign Investment in Mexico’s Oil and Gas Sector Plummets in First-Half")
Foreign Investment in Mexico’s Oil and Gas Sector Plummets in First-Half
Foreign direct investment in the sector dropped 63% in the first six months of this year to $278 million
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JZ3KEQCSWVEGZBBMWJVAAB4PMU.jpg "Peru Sues Repsol for $4.5 Billion Over Oil Spill")
Peru Sues Repsol for $4.5 Billion Over Oil Spill
The spillage that occurred in January has affected 25 beaches, from Callao to Huaral, authorities say
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SNFHQQOYPNDXFCCRBEB4NGZVRE.jpg "Bolivia Has Latin America’s Cheapest Fuel, But Subsidies Blamed for Contraband")
Bolivia Has Latin America’s Cheapest Fuel, But Subsidies Blamed for Contraband
Government fuel subsidies are unwise, according to experts, who argue they cause corruption, contraband and inefficient energy use