Brazil

Cal on February 14th, 2018

Russia is sending its highest quality crude oil to China in its battle for market share on the prized Asian market. As a result, European petroleum refiners are being left with lower-quality imports from Russia and are now reviewing how much Russian crude they would buy and at what price. The quality of Russia’s Urals […]

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Cal on January 11th, 2018

Amid the strife, turmoil and corruption in Venezuela, its oil production has sunk to a 28 years low, to levels not seen since 1989. This in a world of increasing oil demand. Torbjorn Kjus, oil market analyst with Norway’s DNB Bank, said: “The Venezuelan economy could collapse at any moment. We could envisage scenarios spanning from outright […]

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Cal on December 27th, 2017

OILPRICE looks at The Top 8 Unknowns In 2018’s Energy Markets Last week, investment banker Goldman Sachs suggested that the global crude oil surplus could come to an end much sooner than expected forcing OPEC to end the production cap sometime around mid-year 2018. Bank analyst Jeffrey Currie said: “Global inventories will have re-balanced by mid-2018, leading […]

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Cal on November 29th, 2017

Brazilian state-controlled Petrobras announced has started to produce crude oil and natural gas from the giant deepwater Libra field in the Atlantic Ocean. The field is estimated to hold between 8 billion and 12 billion barrels of crude oil. The Petrobras rig expects to reach 30,000 barrels per day in early 2018 with the potential to reach […]

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Cal on November 7th, 2017

Saudi Arabia has started the process to build 17.6 gigawatts of nuclear electricity generating capacity by 2032, the equivalent of about 17 reactors, making it one of the biggest prospects for an industry struggling after the 2011 nuclear disaster in Japan. The Saudis want to reduce the amount of crude oil they burn domestically for generate […]

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Cal on October 20th, 2017

Argentina announced it plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil. “There is a high probability that the subsalt basin that exists on the coast of Brazil continues south and so we see the discovery of any formation […]

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Cal on July 27th, 2017

Britain announced it will ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health. This follows a similar recent announcement by France.  The British ban will also include new hybrid vehicles with an electric motor and gasoline or diesel […]

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Cal on May 23rd, 2017

Switzerland has voted in a referendum to provide billions of dollars in subsidies for renewable energy and to ban new nuclear plants. A proposed new Swiss law (“Energy Strategy 2050) plans to increase domestic renewable energy, reduce fossil fuel use, and reduce reliance on foreign energy supplies. The European country wants to increase solar and wind power capacity by 400% by […]

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