Chart Talk: Venezuela’s Subsidized Fuels Range from Free to Cheap
In OPEC-member Venezuela, fuels are subsidized or unsubsidized while prices range from free to cheap at $0.02/gallon on the low end. But drivers still leave a tip: beans and rice.
Is Venezuela the New Iran? Sanctions, Elections Weigh on Oil Powerhouse
Luis Vicente León, president of Datanalisis, Venezuela’s top polling firm, spoke with Hart Energy in an exclusive interview about Venezuela’s oil sector under the weight of U.S. sanctions, potential gas exports to Trinidad and Tobago and the shape of the country’s 2024 presidential elections.
CHART TALK: Gasoline Prices Soar South of the US-Mexico Border
Drivers in Mexico are paying a hefty 125% premium for gasoline and an average 122% more for diesel compared to their U.S. counterparts, according to Hart Energy analysis.
YPF Boosting Production—and Debt
Argentina’s state-owned energy giant YPF SA boosted its total production in the second quarter, driven mainly by robust shale operations, but the company reported lower net income while its debt continues to rise.
Q&A: US Sanctions Ravage Venezuelans as Democracy Withers [WATCH]
Datanalisis President Luis Vicente León spoke with Hart Energy about the realities of U.S. sanctions on Venezuela to force free elections and the results: President Nicolás Maduro’s chief political rival is barred from holding office.
Ecopetrol Set to Drill Orca Norte 1 Offshore Well
Colombia’s Ecopetrol S.A. is preparing to drill the Orca Norte-1 delimiting well in the fourth quarter 2023 to verify the resource potential of the company’s December 2014 discovery.
Repsol Optimizing Venezuelan Gas, Focused on US Consolidation
Spain’s Repsol S.A. has an eye on optimizing its Venezuelan natural gas production as well as consolidating the U.S. as a key growth area, according to the company’s CEO and executive director Josu Jon Imaz San Miguel.
Ecopetrol Reaches 10 MMbbl Sales of Carbon-Compensated Crude
State-owned Ecopetrol reached the 10 MMbbl mark for the sale of its carbon-compensated crude to markets in Asia, Europe and the Americas.
What's Affecting Oil Prices This Week? (August 14, 2023)
Stratas Advisors expects that oil prices will moderate in fourth quarter 2023 after the increase in prices in third quarter 2023.
Venezuela’s Burning Through Gas and Cash
Home to the world’s seventh-largest natural gas reserves, the OPEC member has a massive flaring problem which, if resolved, could allow it to monetize its onshore associated gas production.