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TOP NEWS

 

 


OPEC oil output in June at the highest level


OPEC oil output hits record high in June on Nigerian rebound

LONDON
Petroleumworld.com 07 01 2016

OPEC's oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria's oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. - story

Exxon confirm Guyana “world-class oil discovery”, could yield up to 1.4 billion barrels


Exxon's off Guyana coast crude oil deposit may could be worth $70 billion at current prices

CHICAGO
Petroleumworld.com 07 01 2016

Exxon Mobil Corp.'s oil discovery off the coast of Guyana may hold as much as 1.4 billion barrels, twice the size of the previous estimate, making it potentially worth about $70 billion based on current prices. - story

 


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Editorial Commentary

The New York Times:
Standing up for democracy in Venezuela



Erick Carter


If regional leaders fail to take a strong and united stand
against Mr. Maduro,... Leaders in those nations should realize
that this disaster is now very close to becoming their problem.




Lagniappe




How to make sense of the Brexit turmoil



Editor's Mail


We invite all our readers to share with us their views
and comments about the articles on this site.


Write to
editor@petroleumworld.com

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PRICES:
Updated: July 07, 2016 11:33 GMT

06/30

OPEC Basket $46.27 +0.45
06/24 Venezuela Basket* $40.16 +1.08
06/24 Venezuela Basket** $30.43 =0.00
06/30 Mexico Basket   $41.00 -0.51

06/30

ICE Brent   $49.68 -0.93
06/30 NYMEX WTI  $48.33 -1.55
06/30 NYMEX Natural Gas  $2.92 +0.06
07/01 USD/BsF ***   Bsf.1.043 Parallel
07/01 Euro/USD   1.11.27

11:32 GMT

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


 


WEEK'S TOP HEADLINES

U.S. President Barack Obama urges Venezuela to respect democratic process

Reuters/Kevin Lamarque

Mexican President Enrique Pena Nieto (L), Canadian Prime Minister Justin Trudeau (C) and U.S. President Barack Obama take part in a press conference, June 29, 2016 04:55pm EDT

OTTAWA
Petroleumworld.com 06 30 2016
- story

Fossil fuels demand will not be affected by climate policies

A map of world oil reserves, 2013

Demand for fossil fuels will used oil and gas reserves, climate policies will not affect them

LONDON
Petroleumworld.com 06 30 2016
- story

Nuclear industry capacity grew to record last year-IEA

Power

Fatih Birol, executive director of the International Energy Agency, spoke at the opening session of the 2016 World Nuclear Exhibition at Le Bourget, outside Paris, on June 28.

PARIS
Petroleumworld.com 06 29 2016
- story

U.S. Supreme Court to hear Helmerich & Payne vs Venezuela/PDVSA oil rig dispute


Oklahoma-based Helmerich & Payne International Drilling disassembled its rigs in 2009 after PDVSA had failed to pay $100 million in bills. In response, Venezuela's government seized the properties, which were still in the country.

WASHINGTON
Petroleumworld.com 06 29 2016
- story

Oil prices tumble, Brent down to 7-week low, on Brexit turmoil, dollar rally


Crude futures down almost 8 pct since Thursday's close. Goldman, some analysts don't see Brexit impact on oil for long.

NEW YORK
Petroleumworld.com 06 28 2016
- story

Venezuela's oil production could decline further from a six-year low


PDVSA's crude output decline accelerates as drillers go unpaid

LONDON
Petroleumworld.com 06 28 2016
- story

Russia and China JV partners in energy deals, as Putin visits


China secures energy stakes in Russian projects, talks security with Russia

BEIJING
Petroleumworld.com 06 27 2016
- story

Chevron venture at Vaca Muerta shale drop costs 20%


Venture with YPF sees costs fall to $11.2 million per well. Oil companies seeking to reproduce Chevron's success: Moshiri

BUENOS AIRES
Petroleumworld.com 06 27 2016
- story

Britain out, oil down


Oil prices dive as Britain votes to leave EU

TOKYO/SINGAPORE
Petroleumworld.com 06 24 2016
- story

OAS chief Luis Almagro blames Maduro government for Venezuela crisis


OAS head calls for recall of Maduro to restore democracy in spiraling Venezuela-Washington Post

WASHINGTON
Petroleumworld.com 06 24 2016
- story

Oil producers output freeze talks on standby


Oil producers keep output freeze revival on standby if prices weaken

LONDON/DUBAI
Petroleumworld.com 06 23 2016
- story

PEMEX ready to make a $500 million sale and leaseback agreement deal with First Reserve


Pemex said to have finalized similar deal with KKR last week

NEW YORK/MEXICO CITY
Petroleumworld.com 06 23 2016
- story

Saudi Arabia, U.S. and Russia call shots on oil markets - Rosneft's Sechin


Russian oil chief Igor Sechin: OPEC unity effectively extinct

MOSCOW
Petroleumworld.com 06 22 2016
- story

Venezuela guilty of oil sector 'malpractice' - Senior U.S. diplomat


Amos J Hochstein currently serves as the Special Envoy and Coordinator for International Energy Affairs leading the Bureau of Energy Resources (ENR) at the U.S. Department of State.

BUENOS AIRES
Petroleumworld.com 06 22 2016
- story

China plans to make its oil, power sector globally competitive by 2025


China plans energy-sector technology capacity boost over next decade

BEIJING
Petroleumworld.com 06 21 2016
- story

Venezuela towards default in 2016, PDVSA first to go - Moody's

BOGOTA
Petroleumworld.com 06 21 2016
- story

Speculators 'bullish oil bets' are challenged by resurgent dollar


Hedge funds' bullish oil bets hit April lows as dollar surges

NEW YORK
Petroleumworld.com 06 20 2016
- story

Corrupt venezuelans plead guilty in $1 billion PDVSA bribery scheme


Roberto Rincon and Abraham Jose Shiera Bastidas plead guilty with paying millions of dollars in bribes to three PDVSA officials to rig the bidding process in their favor.

NEW YORK
Petroleumworld.com 06 20 2016
- story

 

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TODAY'S WORLD OIL HEADLINES



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


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ISSUES...

Inside, confidential,

off the record

Venezuela's oil,
for best and worst


Oil made Venezuela rich,
and now it's making it poor

The Saudi-Iran oil clash

Otto Reich: Eyes
on corruption

Nigeria turning critical

Al-Falih “omnipotent”

Bernie and Venezuela


PDVSA CITGO in Aruba

Adieu to Al Naimi

 
ISSUES... alll articles

Click on issues


EDITORIAL

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

 

Noah Smith: A socialistrevolution can ruin a country

Moises Naim: Venezuela:
A dictatorship
masquerading
as a democracy


Bloomberg View's:
Venezuela's military
needs to get out
of business

Kevin Allison:Exxon
Mobil reaches bottom
of the oil barrel

Edward Chancellor: Oil prices don't need a Doha to rise

 

Leonid Bershidsky:
Putin's Panama Papers

 

Thee Dialogue:The
Tumultuous Road
to Rio 2016:
Countdown Amid Crisis


Julian Lee: Saudi oil gambit moves to phase two


Kevin Ramnarine:
TT: To subsidize or not to subsidize


Arthur Browne: Obama thinks America could learn a few things' about human rights from Cuba

Editorial position


On sale now
New 2013 edition!



We Fedex any
where in the world

LAGNIAPPE

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

 


Simon Romero: Brazil's
Temer a conservative

 

Liam Denning:
Halliburton
isn't petrified



Kevin Ramnarine:
Petrotrin alive and kicking

 

Kevin Ramnarine: Ending the recession in 2018 (T&T)

 

Thee Dialogue:The
Tumultuous Road
to Rio 2016:
Countdown Amid Crisis

Paul Ford:What
should we do about
big data leaks?


Rory Cellan-Jones: Are electric cars ready to go on mainstream?


Remarks by U.S.
President Barack
Obama to the peopleof Cuba

 



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Timeline: Venezuela

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