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Venezuela looks to Hugo Chávez Oil Belt to fix sick economy

The Hugo Chavez Oil Belt is a Venezuelan area originally settled by American oil companies in the 1930’s and it’s now responsible of half of the country’s oil production. Political interest in earlier years have had a negative impact on today’s production, a decline of nearly 1 million barrels a day (from 1998 to date.)…

Petrobras suppliers negotiate $3.5 billion Chinese credit deal

Brazil’s top crude producer is in the middle of a big corruption corruption scandal, but some countries seem to se past that. According to the Brazil-China Chamber of Commerce & Industry, both countries are negotiating a loan of 3.5 billions. China believes it is a good opportunity to invest in the country. by Peter Millard,…

Obama To Address Caribbean’s ‘Economic Achilles Heel’ — Energy

President Obama and other dozen Caribbean leaders are meeting in Jamaica to discuss the region’s future. With oil prices going down and Venezuela’s economy in trouble the Caribbean will soon run cheap in oil, putting its future at great risk. The U.S. government intends to talk initiatives to prevent the region from economic hardship. Expert…

Oil in Iran and Nigeria

Oil in Iran and Nigeria

With oil prices stabilizing after a 60% fall, there’s uncertainty as to what might happen in the near future. Industry expert Jorge Piñon and CNN’s Xavier Serbia talk about the factors that might cause prices to go or up or down. Iran and Nigeria are two key players undergoing circumstances that affect their oil production…

U.S. Energy Reform proposal to the Caricom region

With just a few days away from the Summit of the Americas happening in Panama, the U.S. Energy Reform is a trend topic in conversations about the big event. How will this reform affect Caricom region? Our expert Jorge Piñon, speaks to CNN about the consequences that may come of Venezuela having control over 50%…

UT Jackson School of Geosciences Aims to Enhance Research in Mexico

by Valerie Jones, Rigzone, February 23, 2015 With a focus on building future professionals in the energy sector and continuing academic research in earth sciences and engineering, The University of Texas at Austin (UT) Jackson School of Geosciences and the National Autonomous University of Mexico (UNAM) have strengthened collaborations with each other in the fields…

Oil’s slump a blow to Mexico amid touted energy reforms

by Peter Orsi, Associated Press, February 11, 2015 The lowest oil prices in nearly six years couldn’t have come at a worse time for Mexico, which last year opened up oil-sector investment to private companies for the first time in decades. The landmark energy reform aimed to boost revenue by enabling Mexico to tap undeveloped…

Las petroleras auguran un barril de crudo a precios bajos en 2015 y no ven una recuperación “rápida”

by Europa Press, February 11, 2015 Las petroleras consideran que el barril de crudo mantendrá a lo largo de 2015 su comportamiento de precios bajos, por debajo de los 100 dólares, y que no se producirá una recuperación “rápida”, como sí ocurrió en anteriores crisis. En el ‘Encuentro del Sector Energético’ organizado por el IESE…

Es posible ver el petróleo a 38 dólares a corto plazo

by Gabriele Ferluga,Cinco Días, February 16, 2015 Director del Programa de Energía y Medio Ambiente de la Universidad de Texas en Austin y director interino del Centro Internacional de Política Energética y Medioambiental, Jorge Piñón es, por su carrera de más de 30 años en el sector energético, uno de los máximos expertos mundiales de…

Crude Oil: The Trends in the Coming Months

Crude Oil: The Trends in the Coming Months

Our very own Jorge Piñon speaks with CNN’s Xavier Serbia about the trends of crude oil prices in the coming months. As the price of crude dips down to prices not seen since 2008 there those who say the price will reach $100 levels by the end of 2015 and those that oppose that theory.

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