Can more crude be extracted and increase the supply or is the production at a standstill?Â

Sadad al-Husseini and Nansen Saleri climbed positions in Saudi Aramco, the most powerful oil company in the world, collaborating during years to extract more crude from the immense locations of Saudia Arabia. Today, however, they are in opposite sides of a momentous debate for the oil industry. Leer más »

The prices were skyrocketed five dollars after Libya affirmed that it evaluates options to clip its production in answer to the threats of the USA against the crude producing countries.

The future of the north american crude ascended more than five dollars on Thursday, to set a record mark over the 140 dollars the barrel, bolstered by the news that Libya was evaluating a production cutting and because of the weakening of the dollar. Leer más »

The president from Brazil in a message to the United Nations Economic and Social Council in an extraordinary meeting in New York to treat on the alimentary crisis, today attacked again against the oil companies for wanting to “demonize” the biofuels. Leer más »

After yesterday’s announcement of the OPEC, the price of the barrel of petroleum exceeded the US $129 dollars for the first time in New York; the naphthas in the entire world raise.Â

After the announcement of the Organization of the Petroleum Exporting Countries (OPEC) that the production won’t be increased, at least until its meeting of September, the crude marked a new historical record when going over the mark of the US$ 129 in New York. Leer más »