Energy & Oil

Friday, April 3rd 2026 - 04:46 UTC
What did Milei say about Falklands oil and why does it matter for Sea Lion?

Argentine President Javier Milei warned Thursday that his government “will respond with all necessary diplomatic measures” to protect the country's interests in the face of the advancing Sea Lion oil project, operated by Rockhopper Exploration and Navitas Petroleum in the North Falklands Basin. The remarks, delivered during the ceremony marking the 44th anniversary of the war, represent the Milei government's firmest stance yet on a project that has just cleared a decisive financial milestone.
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Thursday, April 2nd 2026 - 21:01 UTC
Milei reaffirms Falklands sovereignty, warns oil firms and vows to rebuild the armed forces

Argentine President Javier Milei on Thursday reaffirmed his country's sovereignty claim over the Falklands Islands, warned of a diplomatic response to British oil exploration in the area, and announced that 10% of fiscal revenue from privatizations will be allocated to purchasing weapons and equipment for the armed forces.
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Thursday, April 2nd 2026 - 03:00 UTC
Trump vows to send Iran “back to the Stone Age” as oil surges back above $100

Oil prices surged on Wednesday after U.S. President Donald Trump vowed in a televised address to the nation to hit Iran “extremely hard” over the next two to three weeks. West Texas Intermediate (WTI) crude rose 4.1% to $104.21 per barrel, while Brent, the international benchmark, gained 5% to $106.42, according to CNBC data.
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Wednesday, April 1st 2026 - 10:37 UTC
Bolivia: probe into ring that stole and adulterated fuel imported through Chilean ports

Bolivian President Rodrigo Paz on Tuesday denounced the existence of an international ring dedicated to stealing and adulterating gasoline and diesel imported into the country, with operations detected in Chile, Argentina, and Paraguay. According to the president, the scheme originated under the previous management of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), the state-owned fuel supply company.
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Wednesday, April 1st 2026 - 09:01 UTC
Another front for Trump, “pain in the pump”, gasoline above US$ 4 a gallon

”If the (Iran) conflict is contained soon, the hit to confidence may be temporary, but a prolonged crisis could prompt more precautionary saving and further discretionary spending cuts,” warned Moody’s in a report on the current war in the Middle East, and the impact for US households.
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Tuesday, March 31st 2026 - 03:58 UTC
Oil tops $114 a barrel as Iran conflict drives record monthly surge

Brent crude, the European benchmark, closed Monday at $112.78 per barrel and continued climbing in the futures market past $114, its highest level since July 2022. Oil has surged roughly 55% in March, the largest monthly gain since the contract's inception in 1988.
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Monday, March 30th 2026 - 01:16 UTC
US allows Russian oil tanker to reach Cuba in easing of energy blockade

The United States authorized the passage of a Russian oil tanker loaded with crude bound for Cuba, in the first easing of the de facto energy blockade Washington has imposed on the island since the start of the year, The New York Times reported, citing a U.S. official.
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Sunday, March 29th 2026 - 22:04 UTC
Sharp fuel price hike in Chile triggers first protests against Kast government

Chilean President José Antonio Kast's government faced its first street protests since taking office on March 11 this week, after a historic fuel price increase hit consumers and rapidly eroded public support for the far-right leader.
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Friday, March 27th 2026 - 23:04 UTC
Uruguay raises fuel prices 7% over Middle East war and shifts to monthly price-setting

Uruguay's government announced on Friday a 7% fuel price increase effective April 1, as a direct consequence of rising oil prices driven by the U.S.-Israeli war against Iran and the effective closure of the Strait of Hormuz, through which approximately 20% of the world's crude oil supply transits.
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Thursday, March 26th 2026 - 01:48 UTC
International project validates renewable hydrogen energy systems in Antarctica

A delegation of Chilean and European authorities and institutions completed a technical visit to the “Profesor Julio Escudero” research station operated by the Chilean Antarctic Institute (INACH) on King George Island, where progress was presented on a pilot renewable hydrogen and energy infrastructure project designed to validate hybrid energy systems in one of the planet's most demanding environments.
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