The drop in oil demand by refiners at local level and the exports limited to a minimum at global level due to the coronavirus pandemic, pushed storage capacity to the limit in the producing provinces
The British giant said it slumped into a u$s4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil. "Our industry has been hit by supply and demand shocks on a scale never seen before," BP's CEO stated
The Argentine state-controlled oil company has acquired four new oil and gas concessions in the massive Vaca Muerta shale formation and plans to invest $12.9 billion for large-scale development
The Organization of the Petroleum Exporting Countries (OPEC) reported on Wednesday that Kazakhstan led a significant increase in production in February by OPEC+, highlighting the challenge the group faces in meeting agreed production targets
U.S. oil giant Chevron and Anglo-Dutch company Shell will join as partners in the consortium building the Vaca Muerta Sur pipeline, a project that will boost Argentina's crude oil exports
According to official sources, crude oil, gas, and other energy products exported in the first month of the year accounted for 14.9% of Argentina’s total exports in January
The International Energy Agency (IEA) has revised its 2024 oil consumption figures and demand expectations for 2025 due to uncertainty caused by U.S. tariff announcements
