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OPEC's oil freeze deal key player is now Iraq

shutterstock.com

Iraq can crush OPEC's oil freeze believers

LONDON
Petroleumworld.com 08 29 2016

When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part without Iran. This time both countries may be more accommodating;  the  stumbling block is more likely to be Iraq.- story

PDVSA renews large drilling tender after earlier collapse

Reuters/Carlos García

PDVSA drilling rig in Monagas state, Venezuela

CARACAS/HOUSTON
Petroleumworld.com 08 29 2016

Venezuela's state oil company, PDVSA, has relaunched a large tender for the drilling of 600 oil wells in the world's largest crude reserves, sources with knowledge of the tender said this week, after a similar project collapsed last year amid concerns about transparency and political favoritism. - story


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Editorial Commentary

Samuel Chi: Rio Olympics winners and losers



To save his tottering organization, IOC boss Thomas Bach should
really consider serious reform instead of paying it mere lip service.


Opinion

 

Luis Colasante: Is doomsday
inevitable for Venezuela?


The cartoon shows a guerilla with a gun saying “dangerous”
while the guerilla with the oil drum says “extremely dangerous”.




Lagniappe

 

Platts: Colombian peace won't
cure oil industry's problems


No short-term solution to the fortunes of Colombia's declining oil industry




Write to editor@petroleumworld.com

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PRICES:
Updated: Aug 27, 2016 06:52
GMT

08/25

OPEC Basket
$45.28
+0.02
08/26
Venezuela Basket*
$40.44
+1.04
08/26
Venezuela Basket**
$32.61
+0.22
08/26
Mexico Basket
$41.45
+0.55

08/26

ICE Brent
$49.92
+0.25
08/26
NYMEX WTI
$47.64
+0.21
08/26
NYMEX Natural Gas
$2.87
+0.03
08/27
USD/BsF *** (Parallel)
Bsf.1.021
+5
08/26

Euro/USD

1.11.927
22:59 GMT

Closing daily oil prices: average weekly price*/ Average price for 2016**
Forex: USD-Bsf= Average Cucuta's price ***



 


WEEK'S TOP HEADLINES

Petroleum business on track, multibillion-dollar oil and gas deals are back on the table


Oil industry shifts from survival to growth

LONDON
Petroleumworld.com 08 26 2016
- story

No oil imports for PDVSA on payment woes, Venezuela's at the worst economic crisis


Port in La Guaira

HOUSTON
Petroleumworld.com 08 26 2016
- story

Iran, Ecuador in a dialog to stabilize oil prices

Reuters/Guillermo Granja

Iranian Foreign Minister Mohammad Javad Zarif talks with Ecuadorean President Rafael Correa at Carondelet Palace in Quito, Ecuador August 24, 2016.

QUITO
Petroleumworld.com 08 25 2016
- story

Gasoline with ethanol will be banned in three mexican cities


Mexico to ban gasoline oxygenated with ethanol in three urban centers

MEXICO CITY
Petroleumworld.com 08 25 2016
- story

Iran willing to meet to discuss oil prices-Opec sources

BidnessEtc

Iran signals more willingness for OPEC action to boost oil price.

DUBAI/LONDON
Petroleumworld.com 08 24 2016
- story

New Panama Canal difficult for Aframax and Suezmax tankers

Image via @JavierBlas2

Suezmax crude oil tanker M/V Aegean Unity entering new Panama Canal locks, Aug. 18, 2016.

HOUSTON
Petroleumworld.com 08 24 2016
- story

An OPEC output freeze maybe self-defeating: Goldman


Production cap may support prices, producer supply gains

HONG KONG
Petroleumworld.com 08 23 2016
- story

Pacific E&P creditors' get a bigger stake under new investor group bid


Pacific's independent committee said to make decision this week

BOGOTA
Petroleumworld.com 08 23 2016
- story

Nigeria's crude offline, guerrilla militants slashed oil output

Issaka Adams

Anger in the Delta keeps oil majors quiet, Nigeria Militants claims responsibility for attacks in oil-rich Niger Delta State

LONDON/LAGOS
Petroleumworld.com 08 22 2016
- story

PDVSA PetroCaribe oil fund embezzle by Haiti's PM's and ministers - country's senate report


Michel Martelly (left) and Felix Bautista. In June Haiti's Senate opened an investigation against Dominican Republic senator's Felix Bautista , who allegedly funneled millions of dollars from PetroCaribe funds to former president Michel Martelly.

PORT-AU-PRINCE
Petroleumworld.com 08 22 2016
- story

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TODAY'S WORLD OIL HEADLINES



Petroleumworld's Opinion Forum
viewpoints on issues in energy, geopolitics and civilization

Conversa-Concertinas (No Ease) Official Music Video by Alan Ohep


Vendanta: A documentary film by Elio Ohep Fitzgerald



 

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HURRICAN GASTON

...GASTON CONTINUES
TO STRENGTHEN...

 

 

 

 

 

 

 

 

 

 


EDITORIAL

NYT Editorial Board: How can America recover from Donald Trump?

 

Ioan Grillo:
Venezuela is dying

 

 

Michael Arnovitz:
Thinking about
Hillary— A plea
for reason

 

The Post's View: Theconventions are done, and it's clear what is at stake in this year's election

 

Mary A. O'Grady:
Who will stop
Venezuela's slow
self-coup?

 

New YorkTimes:
Neighbors stand
up to Venezuela

 

Editorial position


On sale now
New 2013 edition!



We Fedex any
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OPINION

Tsvetana Paraskova: Saudis ramping up oil output to gainleverage in OPEC talks

 

Nick Cunningham:
Surprise natural gas drawdown signals higher prices ahead

 

James Burgess:Is
thisone of the best
ways to play the
clean energy boom?

 

 

Dave Forest:The
world'sbiggest oil discovery just
opened for foreign
ownershi
p

 

Dave Forest: Is
this the beginning
of the end for Venezuela's oil sector ?

 

Irina Slav: Morgan
Stanley warns that rising rig count could undo the rally

 

LAGNIAPPE

Leon Aron: Even Vladimir Putin cannot kill the
russian revolution

 

TOGY:Sea change:Interview with Kevin
Ramnarinen

 

Julian Lee: If Iran
opens its oilsector,
is Saudi Arabia next?

 

Carlos Bellorin: PDVSAEl Furrial: The spectacular
decline of a Venezuela
giant oil field

 

Julian Lee: Goldman's
hopeful oil call

 

Kevin Ramnarine:
Guyana's time has come




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