(By Oil & Gas 360) – The global petrochemical industry is entering a different phase, one where growth is still happening, but the rules are changing underneath it. Capacity is expanding in some regions, demand is accelerating in others, and geopolitics is reshaping flows almost overnight. At the same time, companies are being forced to balance cost, resilience, and sustainability
(By Oil & Gas 360) – Latin America is moving back into focus for oil and gas investors. Not because it’s new, but because it offers something increasingly hard to find: resource depth, near-term production potential, and geographic diversification in a more fragmented global market. From Brazil’s deepwater fields to Guyana’s rapid rise, and from Argentina’s shale to Venezuela’s reopening,
(By Oil & Gas 360) – China continues to deepen its energy ties with both Iran and Latin America, strengthening supply chains while expanding its economic influence across key resource regions. In Iran, Beijing’s engagement centers largely on oil, gas, and infrastructure. China is one of the largest buyers of Iranian crude, accounting for over about 80% of Iran’s oil
(BOE Report) – The ousting of Nicolas Maduro in Venezuela may mark the beginning of a broader U.S. attempt to realign Latin America geoeconomically, limiting the ability of Russia and China to use the Western Hemisphere as a pressure point in global commodity markets. Central America could become the next domino to fall. The region is an attractive route for facilitating both
(Oil Price) – OPEC’s view of global oil demand growth was left unchanged as of today’s September Monthly Oil Market Report, at 1.3 million bpd for 2025, with non-OECD economies once again doing the heavy lifting. The OECD share of demand growth is negligible at 0.1 million bpd, while Asia, the Middle East, and parts of Latin America make up the
(Oil Price)– The mining sector continues to face new and growing challenges. President Trump only yesterday pushed copper prices to record highs after threatening 50 percent tariffs on the precious metal. Latin America is as exposed as any other region to the US tariff policy. But when it comes to the green energy transition, it’s mining companies and governments that
(Yahoo Finance) – BOGOTA/MONTEVIDEO/RIO DE JANEIRO, (Reuters)- Latin America’s wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way. Government leaders expect a major boon for the region from clean hydrogen, also
World Oil (WO) — In a strategic deal, GeoPark has signed an asset purchase agreement with Phoenix Global Resources, a subsidiary of Mercuria Energy Trading, to acquire non-operated working interests (WI) in four adjacent unconventional blocks in the Neuquén basin. These blocks include a 45% WI in each of the Mata Mora Norte producing block and Mata Mora Sur exploration
Oil Price For decades, China has been a key driver of global economic growth thanks to an economy that managed to maintain blistering growth for what seemed like forever. China’s economy ballooned from $1.2 trillion in 2000 to nearly $18 trillion in 2021, good for a nearly 10% annual clip ever since Beijing embarked on economic reforms in 1978. The
Oil Price Latin America is poised to play an increasingly important role in the global transition to cleaner energy sources, the International Energy Agency (IEA) said on Wednesday in its first-ever energy outlook on the region. Latin America and the Caribbean region already lead in the energy transition, with hydropower, solar, wind, and biofuels having a large share in the energy mix
Oil Price With the success of the energy transition closely tied to the ability to store solar and wind power, battery manufacturers are zeroing in on Latin America’s so-called lithium triangle of Argentina, Bolivia and Chile. These three countries alone contain 52m, or 53%, of the 98m tonnes of global lithium reserves, according to the US Geological Survey. In late
World Oil (Bloomberg) — From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out. All over Latin America, the upside of $100 crude has been blunted by nationalist policies that tightened government control of the energy
