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Petroleumworld`s
Opinion Forum
Viewpoints on issues in energy, geopolitics and civilization

Editorial Commentary

 

The Guardian view on Venezuela: a country in pain



Reuters/Jorge Silva

A Venezuelan student attend a rally for peace.
People are dying from shortages and state violence as Nicolás Maduro clings to power

 

 

TOP NEWS

Peak oil demand is a misleading theory - Saudi Aramco's CEO


Petroleum use will keep growing for decades to come: Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser

LONDON
Petroleumworld 04 28 2017

The boss of Saudi Arabia's state oil company defended petroleum as the mainstay of the global economy, countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades.

Europe condemns Venezuela's ‘brutal repression' and seclusion grows in regime

AP/Fernando Llano

Women mourn during an homage to Juan Pablo Pernalete in Caracas, Venezuela, Thursday. European Parliment and Canada call for Venezuelan elections. Opposition plans new protests to honor those killed this month

CARACAS
Petroleumworld 04 28 2017

Venezuela's isolation grew Thursday as the European Parliament passed a resolution condemning the “brutal repression” of protesters by state security forces, saying more than 20 people had been killed in demonstrations over the past month.

 

 


 

 


WEEK'S TOP NEWS

Saudi minister to meet Russia counterpart amid push to extend cuts


Consensus is moving in direction of prolonging deal.

BAKU/LONDON
Petroleumworld 04 27 2017

Venezuela renegotiating natural gas licenses to allow mixed currency payments - AVPG J. Ohep


Repsol's and Eni's Perla natural gas field at Cardon IV block on the Gulf of Venezuela are producing 500 MMcf/d

CARACAS
Petroleumworld 04 27 2017

Venezuela's complicated crisis for oil not just a supply shock

Reuters/Tomas Bravo

Lost Decade: Venezuela's output has fallen already by almost a million barrels a day since 2006

NEW YORK
Petroleumworld 04 26 2017

Vaca Muerta: expensive, far out, but promising

Juan Mabromata/AFP

“We think there's going to be a boom,” Pampa Chairman Marcelo Mindlin said in an interview, “But you always have a learning curve at the beginning.”

BUENOS AIRES
Petroleumworld 04 26 2017

Death toll rises as Venezuelans press for elections while protests enter fourth week


A demostrator is pick up by National Guardsman during clashes while rallying against Venezuela's dictator Nicolas Maduro in Caracas, Venezuela April 24, 2017.

CARACAS
Petroleumworld 04 25 2017
(watch video)

U.S. drilling boosting output while oil prices fall to a four-week low


Speculator's WTI net-longs up 4.6%, third-straight gain: CFTC . Prices rose earlier as dollar, equities rally on French polls

NEW YORK
Petroleumworld 04 25 2017

Le Pen and Macron in runoff, French establishment in disarray


French voters face two radically different visions of the country's future after centrist Emmanuel Macron and far-right nationalist Marine Le Pen won the first round of the French presidential election, triggering a runoff on May 7.- See Bloomberg video

PARIS
Petroleumworld 04 24 2017

US Gulf Coast oil imports turn away from Mexico into oil from Canada


Mexico seeks new home for its oil away from US Gulf Coast

NEW YORK/MEXICO CITY
Petroleumworld 04 24 2017

OTHER PREVIOUS TOP NEWS



OIL PRICES:

Updated: April 28, 2017 08:06 GMT / closing oil prices

 

04/27

OPEC Basket
$48.90
-0.73

04/27

Mexico Basket
$42.25
-0.61
04/21
Venezuela Basket *
$44.81
-1.04

04/27

ICE Brent
$51.44
-0.38
04/27
NYMEX WTI
$48.97
-0.65
04/27
NYMEX Natural Gas
$3.23
-0.03
04/28
USD/MXN Mexican peso
19.06
04/28

Euro/USD

1.08
04/28 USD/VBO
4.280
Parallel Market

* Venezuela average weekly price


NEWS HEADLINES

Friday, April 28, 2017

Jose Pereira name interim president of PDVSA Citgo

Ecopetrol halts Cano Limon pipeline after attack

Total could consider participation in Saudi Aramco IPO - CEO

Asia's appetite for North Sea oil growth due to OPEC cuts

U.S. refinery record runs fail to lift crude oil prices - Kemp

Total approves Vaca Muerta project first major development since 2014 as Q1 profits surge

China adding 20 under construction nuclear reactors to its 36 reactors in operation - nuclear association

South China Sea push stirs ASEAN suspicions about Beijing's endgame

Bolivia annuls Italy's Drillmec drilling contract worth $149 mln

Oil rises early Friday on potential OPEC cut extension, but still faces second weekly loss

Thursday, April 27, 2017

Vaca Muerta investment reaching up to $8 bln this year

Argentina authorized natural gas export to Uruguay

Drilling costs increase as U.S. oil, gas activity picks up - Kemp

S. African court rules nuclear plan unlawful, must be set aside

Lebanon prequalifies eight more for first round of offshore exploration and production licence

Oil prices fall early Thursday on oversupply

Petroleum Legislation Bill to be taken to Guyana law making body May 8

Exxon award TechnipFMC subsea contract for Guyana's Liza deep water project

Chinese Sanmen nuclear plant's success is critical to Westinghouse's AP1000 reactor future

Suriname: Apache hits dry well offshore at Kolibrie-1 well

Wednesday, April 26, 2017

Pemex hedges its own oil output for first time in 11 years

Crude oil tanker market may face difficult Q2, Q3 on oversupply - Euronav

Iraq to double oil output with final expansion at Halfaya oil field

Norway doubles oil, gas resource estimates for the Barents Sea -NPD

China plans fossil fuel use to 20 pct by 2030 - state planner

Russia top crude supplier for China in March

Oslo, London leading in green techology for transport

Oil refiners from the U.S. East cost eye Texas oil as North Dakota alternative

Canadian court upholds judgment favoring oil firm creditors

Oil prices slip Wednesday on bulging U.S. crude stockpiles, ample supplies

Tuesday, April 26, 2017

Oil rises on Tuesday ahead of U.S. inventory data

Chilean Aconcagua oil Refinery suspends operations after quake

Russia indicates it can lift oil output if OPEC deal on curbs lapses

Brazil auctions $4 bln worth of investment on power transmission licenses

Trump “shovel ready” infrastructure projects coming soon, but face delays due transition

Kemp: U.S. natural gas prices soften, market eyes big hedge fund longs

Iran ranks as S.Korea No.2 oil supplier on first quarter

French election wins on first round sends Europe soaring

German power plant projects stalled, producer lobby BDEW says

South Korea's GS Caltex buys Russian Urals, U.S. crude amid ongoing oil glut

Oil dips early Tuesday on doubts over OPEC's ability to reduce inventories

Monday, April 24, 2017

ExxonMobil will not get waivers from the U.S. to drill in Russia

S&P lowers Trinidad and Tobago long-term sovereign credit ratings from A- to BBB+

LNG-South Korean tender stirs up market

Syria starts signing oil and gas deals with Russian companies - RIA

Oil market situation improving, surplus shrinking
-Russian energy min

New Canadian methane norms delay implementation by 3 years - CBC News

CNOOC tenders 10 coal bed methane blocks

Guyana: Exxon production team moving in

TT's upstream investment dried up before 2010 - Ramnarine

Oil recovers some ground Monday, rise in U.S. drilling caps gains


PW PREVIOUS NEWS HEADLINES

TODAY'S WORLD ENERGY, OIL, GAS HEADLINES



Venezuela
- Mexico - Bolivia - Perú - Colombia - Ecuador - Brasil

 


 

 

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Weekend

 

Petroleumworld`s
Opinion Forum

Viewpoints on issues in energy, geopolitics and civilization

 

Editorial Commentary

 

NYT: Venezuela protests:
A test for Maduro's regime


By Nicholas Casey and Susan Joan Archer
| Apr. 21, 2017 | 2:12

Demonstrations continued in Caracas after President Nicolás Maduro defied international calls to allow peaceful assemblies and ordered his forces into the streets. Hit with tear gas, some protesters fought back with firebombs.




Opinion


Dave Forest: Argentina the “next big thing” in shale


ExxonMobil is about to enter the production phase
in the promising Vaca Muerta shale, Argentina.

 



Lagniappe

 

Kevin Ramnarine: TT Prime Minister's parliamentary
statement on natural gas supply is historical revisionism


Statement by Kevin Ramnarine

 


 



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Offshore Technology Conference

May 1-4, NRG Park
Houston, Texas, USA

 

 

 

 

 

 

Issues
Confidencial,
off the record

"Events" and french elections


“Events” have over-taken economics. Ms. Le Pen and Ms. Macro shall make it into the 2nd round of voting.

 

From Russia, with oil

Trump vs Obama
on Syria

 

Trump energy
independence

 

Baker Institute:
Venezuela's collapse


Watch Video


EDITORIAL

Oliver Stuenkel: Why Venezuela's Nicolás Maduro doesn't look finished quite yet

 

Bloomberg View's: Nicolas Maduro hasn't gotten the message

 

Max Fisher and Amanda Taub: How does populism turn authoritarian? Venezuela is a case in point

 

Erin McPike: Trump's diplomat

 

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OPINION

 

Tsvetana Paraskova: Supply crunch or oil glut: Investment banks can't agree

 

 

Viktor Katona: When will Russia run out of oil?

 

 

Leonard Hyman and Bill Tilles: What a Westinghouse
bankruptcy could mean for U.S. utilities

 

Tsvetana Paraskova:
An OPEC deal
extension isn't as simple as it sounds

 

LAGNIAPPE

 

Kevin Ramnarine : Why TT lost Angelin

 

 

Russ Dallen: Venezuela's tragic meltdown

 

 

 

Adam Davidson: Did the U.S. just pull out of a global anti-corruption group?

 

Javier E. David and Dawn Kissi: Oil is flat, and these five crude-dependent countries need a break to the upside





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