Venezuela’s refinery system has raised crude processing to roughly 35% of its installed capacity, reflecting a recovery from last year’s levels, yet the volume remains insufficient to fully meet domestic fuel needs. Continued upgrades and U.S. naphtha imports aim to improve refinery feedstock quality, but operational disruptions and energy shortages sustain constraints on product availability. […]
Venezuela’s acting president, Delcy Rodríguez, and Colombian President Gustavo Petro have committed to holding a forthcoming high-level bilateral summit aimed at advancing cooperation on economic, energy, and security issues. This diplomatic engagement marks a significant step in reestablishing state-to-state relations following the U.S. military operation that resulted in Nicolás Maduro’s capture and sets the stage
The legal conflict over Argentina’s expropriation of YPF advances as U.S. Judge Loretta Preska denies Argentina’s bid to suspend the discovery process aimed at identifying attachable state assets abroad. The government plans to appeal this decision amid escalating pressure from Burford Capital to enforce the $16.1 billion judgment plus interest, with significant financial exposure hinging
The Bolivian government has reached a pivotal agreement with civic leaders in Beni to address ongoing fuel shortages and quality concerns, signaling structural changes in regional fuel distribution. Implementation of these agreements, including the creation of a local fuel distributor and enhanced oversight, will be critical to restoring confidence and stabilizing supply dynamics in the
Bolivia’s government has activated an exceptional crude oil import policy under Supreme Decree 5548 to mitigate acute gasoline and diesel shortages. The strategic move aims to optimize refinery operations, reduce import costs by processing crude domestically, and stabilize fuel supply chains amid rising logistical constraints and market demands. The Bolivian executive branch authorized Yacimientos Petrolíferos
The upcoming 39th Congress of the Ibero-American Association of Liquefied Petroleum Gas (AIGLP) in Buenos Aires will convene key stakeholders from over 20 countries, reinforcing regional collaboration in the LPG sector. The event underlines increasing alignment among Latin American LPG associations, signaling enhanced information sharing, regulatory coordination, and technological advancement poised to influence the region’s
39th AIGLP Congress Set to Boost LPG Market Integration and Innovation in Latin America Read Post »
BP announced an unprecedented discovery at the Pau-Brasil field offshore Brazil, estimated to contain up to 8 billion barrels of oil equivalent. This milestone, coupled with ongoing evaluations and stable reservoir conditions, reinforces Brazil’s strategic position in BP’s global portfolio amid a cautious global oil supply outlook. BP reported a major discovery at the Pau-Brasil
BP confirms discovery of up to 8 billion barrels offshore Brazil’s Santos Basin Read Post »
Mendoza is moving forward with the development of its Vaca Muerta unconventional oil and gas reserves, with seismic 3D exploration underway and an investment commitment of $44 million for the first three years. The province aims to initiate pilot drilling in the second half of 2026, one year earlier than originally planned, reflecting a strategic
Cuba has recently resumed clandestine fuel imports from Russia and Panama, challenging U.S. sanctions aimed at isolating the island’s energy supply. With Venezuelan shipments halted and Mexico temporarily suspending deliveries under U.S. pressure, Cuba’s reliance on covert supply routes is likely to intensify, impacting regional dynamics and energy trade monitoring. In late February 2026, Cuba
