The retail price of gasoline and diesel changed during the first week of February. Gasoline dropped from $3.35 BDS to $3.29 BDS per litre, and diesel rose from $2.57 BDS to $2.63 BDS per litre. The price changes resulted in a decrease of six cents per litre for gasoline and an increase of six cents…

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Another oil discovery for Guyana as reported by nationnews.com yesterday. Excerpt from Exxon’s website: The gross recoverable resources for the Stabroek block are now estimated to total more than 3.2 billion recoverable oil-equivalent barrels, including Liza, Liza Deep, Payara, Snoek and Turbot Let’s look at some basic calculations: At the time of this post, the…

Read More New oil discovery for Guyana