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Burning Iranian oil tanker in China Sea sink, ‘Serious' petroleum spill covers 10 square kilometers


An Iranian oil tanker collided with another ship on Saturday Jan. 6, off the coast of Shanghai. All 32 crew members on board presumed dead, Iran said earlier. - video

By Bloomberg News

HONG KONG/TEHRAN
Petroleumworld 01 15 2018

The Iranian oil tanker Sanchi sank into the East China Sea on Sunday afternoon after a blast, causing a "serious" oil spill that covered 10 square kilometers (3.9 square miles), state television reported, citing China's State Oceanic Administration.

Nafta real problem is with Canada, not Mexico, Ryan says


U.S. House Speaker Paul Ryan. What to expect after president Trump reiterates Nafta threat - Video

By Anna Edgerton and Josh Wingrove

WASHINGTON
Petroleumworld 01 12 2018

U.S. House Speaker Paul Ryan said the biggest problem with the North American Free Trade Agreement “comes from the North,” with Canadian dairy producers dumping low-cost products on the market to compete with Wisconsin farms.


 


 

NEWS HEADLINES

Monday, January 15 2018

Reuters -Pumping on Colombia's southern Transandino pipeline halted after bomb attack

Petroleumworld -PDVSA's oil production in December with conflicting oil output numbers

Reuters -Canadian oil drillers boost rigs to 10-month high -Baker Hughes drilling report

Scott DiSavino -U.S. drillers add 10 oil rigs most in a week since June -Baker Hughes

Reuters -Russia will discuss possible exit from OPEC deal in Oman next week- Novak

Reuters -German coalition government blueprint aims for higher renewable quota

Olesya Astakhova -Lukoil calls Russia's exit from OPEC output deal if oil holds at $70

Duncan Miriri -Kenya cuts 10 pct local communities' share of oil revenue

Reuters -26 companies to bid in Iraq for oil, gas blocks in border areas

Henning Gloystein -Oil near three-year highs Monday on output cuts despite rising North American rig count

 

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Updated:Jan. 12 2018, 23:59 GMT / closing oil prices

01/11

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01/12

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TOP NEWS

Why rig count is not up but price of oil is


Rig count no longer enough to estimate U.S. production. Forecasters look at everything from sand use to hiring stats. OPEC's control of the oil market is running on fumes -Video

By David Wethe

HOUSTON
Petroleumworld 01 12 2018

Sergio Fajardo a math whiz who doubled debt is favorite to win Colombian election

Mauricio Moreno/GDA via AP

Sergio Fajardo in 2013.
Fajardo took out dollar loans to finance education projects. Debt payments of Antioquia province soared as peso weakened.

By Matthew Bristow

BOGOTA
Petroleumworld 01 12 2018



TODAY'S WORLD ENERGY, OIL, GAS HEADLINES

 

 

Weekend

 

 

Petroleumworld`s
Opinion Forum

Viewpoints on issues in energy, geopolitics and civilization

 

 

Editorial/Commentary

 

 

 

Mary Anastasia O’Grady: The reinvention of Mexico’s López Obrador



This time the left-wing populist is running as a moderate. Will voters buy it?

 

 

Opinion

 

 

Nick Cunningham: 3 million bpd could go offline in 2018



By the end of 2017, production really began to plunge, dipping
to just 1.7 mb/d in December, according to S&P Global Platts.

 

 

Lagniappe

 

Maximo Anderson: In Colombia, marxist rebels hold the oilindustry hostage

 

Ramón Campos Iriarte

An ELN flag marks the limit of the rebels' territory along the Atrato river

Guerrillas have resumed attacks on critical energy infrastructure, threatening the government's pursuit of foreign investors.

 

 

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