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A service for energy industry professionals · Saturday, June 7, 2025 · 820,083,909 Articles · 3+ Million Readers
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South America Crude Oil News Monitoring

  • Published on Jun 6, 2025

    Demand for US light sweet crude drops as OPEC+ ramps up output

    By Stephanie Kelly and Robert Harvey NEW YORK (Reuters) -Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners and weighing on export demand for light sweet U.S. crude, contributing to …

    Source: Yahoo Finance - Center-left
  • Published on Jun 6, 2025

    Spain Halts Oil Imports From Venezuela as U.S. Sanctions Come Into Effect

    Spain did not import any crude oil from Venezuela in April, ahead of a U.S. deadline in May for foreign operators to wind down operations in the South American country, official Spanish data showed on Friday. Earlier this year, Spain’s imports of crude oil …

    Source: Oil Price - Neutral
  • Published on Jun 6, 2025

    Venezuela Replaces U.S. Oil Giants with Chinese and Argentine Firms

    Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, and has signed at least nine agreements with foreign firms, including from China, sources with knowledge of the deals told Bloomberg. Under the …

    Source: Oil Price - Neutral
  • Published on Jun 6, 2025

    Spain's oil imports from Venezuela dry up before US sanctions deadline

    Spain did not import crude oil in Venezuela during April. This was ahead of the key deadline for sanctions set by President Donald Trump’s administration. The United States has revoked the permits of foreign companies operating in Venezuela to export oil. …

    Source: World Energy News - Connecticut - Pending
  • Published on Jun 6, 2025

    Spain’s imports of Venezuelan oil dry up ahead of US sanctions deadline

    MADRID (Reuters) -Spain didn’t import crude oil from Venezuela in April, ahead of a key sanctions deadline set by U.S. President Donald Trump’s administration. Spain’s largest oil company Repsol is among foreign firms operating in Venezuela whose permits …

    Source: KFGO - North Dakota - Neutral
  • Published on Jun 6, 2025

    ‘Brazil must set the example’: Unions, MPs urge Lula to cut ties with Israel over Gaza genocide

    Brazilian President Luiz Inacio Lula da Silva needs to shift from words to action and break ties with Israel over its ongoing war on Gaza — that is the message coming from a growing number of trade unions, left parliamentarians, intellectuals and artists. …

    Source: Green Left - Left-wing
  • Published on Jun 6, 2025

    Petrobras CEO: Africa will be the main exploration region for Petrobras outside Brazil.

    Petrobras wants to develop Africa as its primary region outside Brazil. The CEO of the state-run oil company said this in a broad interview on Thursday. Petrobras CEO Magda Chabriard said that Ivory Coast extended the "red-carpet" to Petrobras …

    Source: World Energy News - Connecticut - Pending
  • Published on Jun 6, 2025

    Brazil to China: The VLCC Trade Route Making Waves in 2025

    The combination of rising Brazilian crude supply, shifting geopolitical dynamics, and price-sensitive Chinese refinery demand has led to a significant increase in VLCC shipments from Brazil to China in recent months. Several new FPSOs (Floating Production …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 5, 2025

    Venezuela Partners With Smaller Oil Firms as Chevron Scales Back

    Venezuela’s state-run oil company has signed at least nine new deals with foreign service providers, including two Chinese firms, in an effort to keep dollars flowing into the economy after US sanctions forced Chevron Corp. to end production, according to …

    Source: Rigzone - Neutral
  • Published on Jun 5, 2025

    Brazil’s Financial Morning Call for June 5, 2025

    Brazil’s financial markets are set for a critical session today, driven by a focused set of domestic and international economic indicators that will shape investor sentiment and market trajectories. The key domestic release, the Trade Balance for May, will …

    Source: The Rio Times - Neutral
  • Published on 01:46 GMT

    Oil climbs over $1 on US-China talks

    Listen to article HOUSTON: Brent crude rose more than $1 a barrel on Friday morning and oil prices were on track for their first weekly gain in three weeks after US President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for …

    Source: The Express Tribune - Indeterminate
  • Published on Jun 6, 2025

    Crude rises on Trump-Xi trade talks

    BRENT crude rose more than $1 a barrel yesterday and oil prices were on track for their first weekly gain in three weeks after US President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the …

    Source: Gulf Daily News Online - Pro-Government
  • Published on 01:37 GMT

    Petrobras eyes Nigeria, others for oil exploration

    Brazil’s state-run oil giant, Petrobras, has declared its ambition to make Africa its principal region of development outside South America, with a major push into deepwater exploration. The company’s Chief Executive Officer, Magda Chambriard, disclosed …

    Source: Punch - Indeterminate
  • Published on 01:06 GMT

    5 Dow Jones Industrial Average Giants Have Paid Dividends for Over 100 Years

    Investing 400tmax / iStock Unreleased via Getty Images The Dow Jones Industrial Average, often referred to as “the Dow,” is a stock market index that tracks the performance of 30 large, publicly traded companies in the United States. Think of it as a …

    Source: 24/7 Wall St. - Pending
  • Published on 00:16 GMT

    Market Talk - Friday, June 6

    Friday, June 6, 2025 4:37 PM EDT Image Source: Pixabay ASIA: The major Asian stock markets had mixed day today: • NIKKEI 225 increased 187.12 points or 0.50% to 37,741.61 • Shanghai increased 1.26 points or 0.04% to 3,385.36 • Hang Seng decreased 114.43 …

    Source: myMotherLode - California - Pending
  • Published on Jun 6, 2025

    Oil Prices Set For Another Weekly Gain

    Crude oil prices were set for a weekly gain despite a slide earlier today, mostly on renewed optimism about U.S.-Chinese trade negotiations but also on supply uncertainty in Venezuela in Iran. At the time of writing, Brent crude was trading at $65.15 per …

    Source: Oil Price - Neutral
  • Published on Jun 6, 2025

    Oil Traders Brace for 2026 Squeeze

    Wary of the ‘Hockey Stick’, Oil Traders Hedge Their 2025 Exposure - Open interest in WTI calendar spread options - contracts that see market participants bid on the future value of crude oil futures across different delivery months – has reached an all- …

    Source: Oil Price - Neutral
  • Published on Jun 6, 2025

    India says low oil prices an opportunity to pursue crude diversification, cut import bill

    Easing oil prices on the back of rising supplies will help India cut its oil import bill and encourage the country’s refiners to pursue further diversification to maintain a higher level of stocks, said Petroleum Minister Hardeep Puri. He added that it …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 6, 2025

    Global sugar outlook bearish on higher Indian, Thai output

    Global sugar prices will likely be under pressure in the 2025-26 season beginning in October as production in India and Thailand is expected to increase, while in Brazil, it is projected to be robust. “Global sugar prices continue to decline, spurred by …

    Source: The Hindu Business Line - Neutral

24 days 11:54:31

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