(ABC News, 16.Mar.2020) — Nicolás Maduro’s government on Monday banned gasoline sales in two states as part of a broader lock-down to stem panic buying by Venezuelans accustomed to hoarding […]
Tag: Coronavirus
Ecuador Issues Sanitary Emergency Decree
(Energy Analytics Institute, Piero Stewart, 14.Mar.2020) — Ecuador’s government has issued a sanitary emergency decree in response to the coronavirus pandemic, according to details revealed in an official statement from […]
Pemex Received First Payment From Its Hedge
(Bloomberg, 12.Mar.2020) — Petroleos Mexicanos received its first payment from its annual oil hedge, as prices fell the most in three decades amid a producer battle for market share, and […]
Pemex Receives First Oil Hedge Payout
(Reuters, 12.Mar.2020) — Mexican state oil firm Pemex said on Thursday it had received the first payment from a hedging program protecting its revenue from price swings, and that it […]
Venezuela Offers Discounts As Prices Collapse
(Reuters, 10.Mar.2020) — Venezuela’s oil company PDVSA is this week offering discounts of up to $23 per barrel on its flagship crude, traders said, as a collapse in global oil […]
Venezuela Cause Drifting Off International Agenda
(Argus, 10.Mar.2020) — Venezuela’s US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to focus on slowing the spread […]
Oil Price Crash Spells Trouble For Trinidad
(Trinidad Express, 9.Mar.2020) — The oil price crash yesterday spells trouble for Trinidad and Tobago’s economy. University of the West Indies economist Dr Roger Hosein said the Government must immediately […]
Is 2020 The Year For Regime Change In Venezuela?
(FT, 7.Mar.2020) — There have been enough false dawns in Venezuela to deter any confident predictions but a series of developments — all energy related — suggest that 2020 could […]
Ecopetrol Restricts Travel To Asia And Europe
(Reuters, 2.Mar.2020) — Colombia’s state-run oil company Ecopetrol SA placed restrictions on business travel to all Asian and European countries on Monday in response to the coronavirus outbreak, its chief […]
Coronavirus’ Greatest Upstream Impact: On Prices
(WoodMac, 27.Feb.2020) — The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global […]