Drilling activity was up or flat sequentially across every Latin American country in May, except for crisis-stricken Venezuela, according to Baker Hughes.
Oil consultant Newton Monteiro spoke to BNamericas about the challenges facing independent oil producers in Brazil and how he sees the future of this market.
Venezuelan state oil company PDVSA to supply heavy crude to refinery under development in China's Guangdong province.
The state utility's affiliate CFEnergía has launched the first phase of a program to convert tanks for light fuel storage.
Hydrocarbons production falls year on year in May.