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TOP NEWS

 

 


Saudi Arabia regains leadership in China crude supply

Reuters/Ali Jarekji

A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008.

BEIJING
Petroleumworld.com 07 22 2016

Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia in the previous three months, customs data showed on Thursday. - story

Rothschild & Co. leading group of PDVSA debt swappers

NEW YORK/BOGOTA
Petroleumworld.com 07 22 2016

Rothschild & Co. is approaching Petroleos de Venezuela SA bondholders in a bid to form a creditor group and draft a proposal for a voluntary swap of about $8 billion of the oil company's short-term debt for notes with later maturities, according to people with knowledge of the matter. - story

 


Third Auction Round 1

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Editorial Commentary

New York Times: Neighbors stand up to Venezuela


Brazil's Foreign Minister Jose Serra says
Venezuela must not chair Mercosur




Lagniappe


Kevin Ramnarine: Guyana's time has come




ExxonMobil's second exploration well on the Stabroek block
off Guyana's
Essequibo area confirms a "world-class discovery"
with a recoverable resource of 800mn-1.4bn bl of oil equivalent.




Write to editor@petroleumworld.com

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PRICES:
Updated: July 23, 2016 09:02 GMT

07/21

OPEC Basket $42.93 +0.20
07/15 Venezuela Basket* $37.85 -1.75
07/15 Venezuela Basket** $31.70 +0.55
07/21 Mexico Basket
$38.86 +0.57

07/21

ICE Brent
$46.20 -0.37
07/21 NYMEX WTI
 
$44.75 -1.00
07/21 NYMEX Natural Gas
$2.69 +0.03
07/22 USD/BsF *** Parallel  Bsf.1.006 +1
07/22 Euro/USD   1.1003

09:01 GMT

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



 


WEEK'S TOP HEADLINES

Oil services company Halliburton reports $148 million loss from Venezuela operations


Halliburton Company limit operations in Venezuela

CARACAS
Petroleumworld.com 07 21 2016
- story

Allowing Venezuela into Mercosur was Rousseff's great mistake, says Brazil's foreign minister


Mercosur under Lula, Rousseff and the Kirchner couple in Argentina became a highly ideological group distanced from its original purpose of promoting trade

CARACAS
Petroleumworld.com 07 21 2016
- story

Mexico approves Round 2 auction for 15 offshore oil areas in 2017


Mexico's third auction for onshore mature fields was hailed as a resounding success as all 25 blocks were awarded to mostly Mexican oil and gas companies.

MEXICO CITY
Petroleumworld.com 07 20 2016
- story

Petrobras inclined to restart BR Distribuidora unit stake sale

SAO PAULO
Petroleumworld.com 07 20 2016
- story

Petrobras has no plans to be privatize, CEO says -paper


The Brazilian government has no plans to privatize Petrobras and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's CEO says.

BRASILIA
Petroleumworld.com 07 19 2016
- story

Petroperu diversifies crude imports with purchases from Brazil, U.S.


Peru importing crude from the Americas.

HOUSTON/BUENOS AIRES
Petroleumworld.com 07 19 2016
- story

Oil flows through Turkey's pipelines and shipping lanes as coup ends

Bloomberg

Turkey reopens Istanbul's Bosphorus Strait to transiting tankers, after coup attempt

LONDON
Petroleumworld.com 07 18 2016
- story

SBM to pay $163 million fine in leniency deal on Petrobras corruption


In 2015, brazilian prosecutors charged 12 people into bribery involving SBM Offshore and Petrobras, now they will be immune to new lawsuits concerning the case.

SAO PAULO
Petroleumworld.com 07 18 2016
- story

Missing recovery prompts warnings of oil at $40


The Middle East has boosted production as U.S. decline.

LONDON
Petroleumworld.com 07 15 2016
- story

Pan American Energy pledges US$ 1.4bn in investments in Argentine Patagonia

Mercopress

Mauricio Macri: "The world is enthusiastic with argentina"

MONTEVIDEO
Petroleumworld.com 07 15 2016
- story

IEA: Oil glut remains a major dampener on prices, Venezuelan oil output slumping


The IEA's latest Monthly Oil Report reported Global oil supplies rose by 0.6 mb/d in June to 96 mb/d after outages curbed OPEC and non-OPEC supplies in May.

CARACAS
Petroleumworld.com 07 14 2016
- story

PDVSA 2015 financials show company issue debt to pay providers, procurement fraud, revenue tumbles



CARACAS
Petroleumworld.com 07 14 2016

PDVSA issued $831 mln debt to pay providers this year - story

Oil markets still oversupplied, now growth is stuttering

Reuters/Andrew Cullen

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016.

SINGAPORE/LONDON |
Petroleumworld.com 07 13 2016
- story

Petrobras' Pre-Salt layer monopoly is crucial for Brazil


On May 8, Pre-salt output sets a new record and surpasses the barrier of 1 million barrels per day (bpd).

RIO DE JANEIRO
Petroleumworld.com 07 13 2016
- story

Russia's Novatek resells T&T LNG to Chile


Russia enters LNG spot market with first shipment to Chile

PORT SPAIN
Petroleumworld.com 07 12 2016

The reselling continues, but this time from Russia to Chile using Trinidad and Tobago (T&T) liquified natural gas (LNG). - story

Petrobras oil and gas output 5.53 percent more than a year earlier


Petrobras oil, gas output jumps to record after slumping during repairs

RIO DE JANEIRO
Petroleumworld.com 07 12 2016
- story

Oil storage tanks full, doubt over crude demand


U.S. Labor Day drivers enjoy lowest gasoline prices since 2004

LONDON
Petroleumworld.com 07 11 2016
- story

Pemex finding new ways to raise cash with sale and leaseback agreement


KKR's Mexican Oil Deal Kicks Off New Era in Funding for Pemex


MEXICO CITY
Petroleumworld.com 07 11 2016
- story

 

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EDITORIAL

Kevin Ramnarine:
The Manning
Legacy in Energy

 

Gary Shilling: Oil is still heading to $10 a barrel ?

 

The New York Times:
Standing up for democracy
in Venezuela


The Economist:
The Venezuela test

 

Panos Mourdoukoutas:
Saudi Arabia hikes oil
prices, will Iran follow?

 

The 169th. Meeting of the OPEC Conference Vienna,2nd. June, 2016 John Hall: OPEC is resolute –policy is working,no change!

 

Julian Lee: OPEC's conclaveof bluster and inertia

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LAGNIAPPE

Suzanne Nossel: The world'srising powers have fallen

 

Nato Lima de Oliveira:The fate
of Brazil's
Petrobras



Ben Casselman :
OK, so now what?

 

Robin Wright: Former
Ambassador Robert
Fordonthe State
Department mutiny
on Syria

 

John Quigley and
Andrew Willis: Could
Peru's new president
get comunities to
agree with mining ?

 

David Fickling: How
America saved OPEC

NYT: Dilma Rousseff
and Brazil's political
scandal:Reporters answer your questions




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