IBOV 176,641 ▲ 0.51% IPSA 11,026 ▲ 1.06% IPC MEX 66,514 ▲ 0.82% MERVAL 3,229,324 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 ▲ 1.32% USD/BRL5.07▼ 1.23% USD/MXN17.42▼ 0.60% USD/CLP925.95▼ 0.75% USD/COP3,257▼ 0.16% USD/PEN3.39▼ 0.61% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.44% BRENT 85.56 ▲ 2.71% WTI 79.84 ▲ 2.18% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.12% GOLD 4,058 ▲ 1.53% SILVER 59.04 ▲ 2.43% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▲ 1.91% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 662.00 ▼ 0.38% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,533 ▲ 1.00% BYMA 301.00 ▼ 2.35% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,902 ▲ 4.28% ETH 1,886 ▲ 6.33% SOL 77.80 ▲ 3.93% XRP 1.11 ▲ 4.34% BNB 581.64 ▲ 2.65% ADA 0.16 ▲ 4.81% DOGE 0.07 ▲ 3.55% AVAX 6.68 ▲ 3.66% LINK 8.30 ▲ 5.38% DOT 0.85 ▲ 1.85% LTC 45.18 ▲ 3.89% BCH 236.58 ▲ 0.15% TRX 0.33 ▲ 0.57% XLM 0.19 ▲ 2.62% HBAR 0.07 ▲ 1.02% NEAR 2.02 ▲ 5.07% ATOM 1.56 ▲ 1.76% AAVE 99.08 ▲ 5.00% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.14 ▲ 2.95% INTER 5.70 ▲ 0.89% IBOV 176,641 ▲ 0.51% IPSA 11,026 ▲ 1.06% IPC MEX 66,514 ▲ 0.82% MERVAL 3,229,324 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 ▲ 1.32% USD/BRL 5.07 ▼ 1.23% USD/MXN 17.42 ▼ 0.60% USD/CLP 925.95 ▼ 0.75% USD/COP 3,257 ▼ 0.16% USD/PEN 3.39 ▼ 0.61% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.06% USD/TTD 6.75 ▲ 1.13% EUR/BRL 5.79 ▼ 0.44% BRENT 85.56 ▲ 2.71% WTI 79.84 ▲ 2.18% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.12% GOLD 4,058 ▲ 1.53% SILVER 59.04 ▲ 2.43% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▲ 1.91% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 662.00 ▼ 0.38% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,533 ▲ 1.00% BYMA 301.00 ▼ 2.35% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,902 ▲ 4.28% ETH 1,886 ▲ 6.33% SOL 77.80 ▲ 3.93% XRP 1.11 ▲ 4.34% BNB 581.64 ▲ 2.65% ADA 0.16 ▲ 4.81% DOGE 0.07 ▲ 3.55% AVAX 6.68 ▲ 3.66% LINK 8.30 ▲ 5.38% DOT 0.85 ▲ 1.85% LTC 45.18 ▲ 3.89% BCH 236.58 ▲ 0.15% TRX 0.33 ▲ 0.57% XLM 0.19 ▲ 2.62% HBAR 0.07 ▲ 1.02% NEAR 2.02 ▲ 5.07% ATOM 1.56 ▲ 1.76% AAVE 99.08 ▲ 5.00% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.14 ▲ 2.95% INTER 5.70 ▲ 0.89%
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Tuesday, July 14, 2026

Fires on open water: What explains the fires in Mexico and Azerbaijan?

By · July 6, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – Yesterday, July 4, there was another fire on the high seas, this time in the Caspian Sea, near Azerbaijan. The images were not taken from a privileged angle like those of the Gulf of Mexico, but they are no less amazing because of it.

The fires occurred in just two days, and the pictures made many people question whether the end of the world is near. As apocalyptic as it sounds, there are explanations for the fires on the high seas – even if they are still uncertain.

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https://twitter.com/EoinHiggins_/status/1411075158006284290

 

GULF OF MEXICO

On Friday morning (2), a fire broke out on the ocean near a drilling platform owned by Pemex, the state-owned oil company in Mexico. In the video shown below, you can see boats on the scene trying to control the fire with nitrogen spray.

According to a statement from the company, the cause of the fire was a gas leak in a pipeline. The valves connected to the pipeline have already been closed, and it took 5 hours to extinguish the fire. The causes of the accident and the impact on the surrounding area are not yet clear.

Ángel Carrizales, safety chief of Asea (Mexico’s Agency for Safety, Energy, and Environment), said on Twitter that the Pemex incident did not cause oil to spill into the sea. However, he did not explain what was burning on the surface of the water.

Environmental groups pointed to the fire as an example of the risks that oil facilities and their poor maintenance pose to the environment and human safety. Just remember the oil spill in the Gulf of Mexico in 2010.

 

CASPIAN SEA

On Sunday night (July 4th), a large explosion and fire occurred near an oil platform in the Caspian Sea. The incident occurred south of the coast of Baku, the capital of Azerbaijan, and flames could be seen throughout the region.

At first, residents thought it was an explosion on an oil platform or a ship. But the State Oil Company of the Republic of Azerbaijan (SOCAR) said there was none, and ships were not affected by the explosion.

What appears to have caused the large column of fire on the inland sea is the eruption of a mud volcano – according to Gurban Yetirmishli, director of the country’s seismological service. But what is a mud volcano?

Azerbaijan is known to have many of them. They are cone-shaped structures that form when mud is ejected from the seafloor. This happens due to factors such as bottom sedimentation, gas pressure, and seismic activity.

When a mud volcano erupts, it releases a large amount of methane (a flammable gas) and, to a lesser extent, carbon dioxide, nitrogen, and helium. Water vapor and mud are also released – so the eruptions keep rebuilding the volcanic cone.

According to Mark Tingay, an expert on mud volcanoes and professor at the University of Adelaide (Australia), the explosion site matches a mud volcano called Makarov Bank. In 1958, this volcano erupted and produced a column of fire 500 meters high and 150 meters wide.

The phenomenon is not well understood by scientists, but it is believed that mud volcanoes are ignited by colliding rocks that produce sparks during the eruption. According to this theory, contact of the sparks with flammable gases would cause a fire.

A SOCAR spokesman said that a ship with experts had been sent to the scene to investigate the incident and that the public would be informed as soon as they obtained more information.

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