European squares close in red. Interest rates rise and oil sags – Markets in a minute

Oil yields with prospect of deceleration in demand “Black gold” prices remain bearish, with the prospect of a slowdown in demand weighing on investor sentiment. West Texas Intermediate (WTI), “benchmark” for the United States, for October delivery fell 1.54% to 68.22 dollars a barrel. The November contract for North Sea Brent, negotiated in London and […]

Russia increases its oil and condensate production

Russia increased its production of Petroleum in July for the first time in three months, following the alliance-wide quota expansion OPEC+. Producers pumped 44.24 million tons of crude and condensed last month, according to preliminary data from the unit CDU-TEK of the Ministry of Energy. This represents about 10.46 million barrels per day, or 0.3% […]

Minem met with Chinese mining companies operating in the country nndc | ECONOMY

Updated on 08/01/2021 06:41 pm The Minister of Energy and Mines, Iván Merino, met this Sunday with a delegation of executives from Chinese companies operating in Peru, to whom he explained the government’s lines of work to generate greater growth and development. The meeting, which convened for the first time at the headquarters of the […]

Petroperú: “Judicial Branch confirms actions undertaken in the fight against corruption”

Petroperú reported that, in line with its Integrity System and the State’s Anti-Corruption Policy, it continues with the investigation process that began in 2019, which detected irregularities and inconsistencies in the procedures for the accountability of travel expenses granted to workers for trips to the interior of the country. As a result of the investigations […]

The fate of the oil may be decided on Sunday

The meeting could take place after Saudi Arabia and the United Arab Emirates reached a compromise on OPEC + policy last week. From the deal, many expect oil supply to grow and manage to cool steeply rising oil prices, which are at a 2-2.5-year high, the Portfolio writes. OPEC +, which also knows Russia, has […]

The Oil Owners’ War That Raises Fuel Prices

Rita salcedas July 8, 2021 at 1:45 pm The Organization of Petroleum Exporting Countries (OPEC) has not yet reached an agreement on production quotas and the extension of the pact to cut the supply. The UAE only gives the green light if there are changes. Meanwhile, fuel prices continue to rise. As the JN advanced […]

The dispute over the price of oil that we will pay out of our own pockets

The race in fuel prices does not stop: after the increases recorded in recent days, petrol and diesel have reached “peaks” that have not been reached since 2018. Since the beginning of the year, the cost of fuel has increased by 13, 4%, a drain that obviously falls on the pockets of families, especially in […]

Nigerian parliament passes bill to reform oil and gas industry

The controversial bill dragged more than a decade through parliament before it was passed last Thursday. Its final approval is a success for the government of President Muhammadu Buhari which reintroduced the project last year. “I think it was long overdue but it’s progress. But for me, it’s not about passing the law. What will […]