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TOP NEWS





 

China's output declining helping OPEC unintentionally


China's oil collapse seen production dropping as much as 7% this year


HONG KONG
Petroleumworld.com 01 17 2017

OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer.

China's production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016, according to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc.

PetroSaudi's and Venezuelan PDVSA JV shady & fraudulent deals


PETROSAUDI Saturn Discoverer drill ship. The Saturn contract allowed for a staggering $485,000 fee payable per day on a fixed contract for seven years – at least double the market rate.

LONDON
Petroleumworld.com 01 17 2017

PetroSaudi's 1MDB-Financed Venezuelan Gamble And The Money It Didn't Make

Early March 2010 a lordly letter was delivered to the all powerful President of Venezuela's state petroleum company PDVSA, who was also Minister of Energy, Rafael Ramirez. It was from one Prince Turki bin Abdullah, who numbered among the then King of Saudi Arabia's many sons.

WEEK'S TOP HEADLINES



PRICES:
Updated: Jan. 17, 2017 0943 GMT / closing oil prices
Exchange markets closed January 16 for Martin Luther King Birthday

01/16

OPEC Basket
$52.17
-0.64
01/13
Mexico Basket
$45.70
-1.29
01/13
Venezuela Basket *
$44.82
-0.78

01/13

ICE Brent
$55.45
-0.56
01/13
NYMEX WTI
$52.37
-0.64
01/13
NYMEX Natural Gas
$3.41
+0.03
01/17
USD/MXN Mexican peso
21.52
01/17

Euro/USD

1.06
01/17 USD/VBO
3.607
Parallel Market

* Venezuela average weekly price


NEWS HEADLINES

Tuesday, January 17, 2016

Saudi commitment to cut set oil prices up on; U.S. output seen rising

Fuel gas sales in Brazil fall for 2nd consecutive year in 2016

Noble Energy to pay $2.7 bln to buy Clayton Williams Energy

Saudi foreign minister says interests aligned with U.S.

Bolivian, Argentina state-run oil companies sign joint venture to explore in Bolivia's Charagua area

John Kemp: Oil prices stall as hedge funds stop adding to longs

U.S. Vice President says world must stand against Russian aggression, calls for sanctions

Aggreko wins extensions on Argentina contracts

Russian oil production averaged 11.1 mln bpd from Jan. 1-15

Platts with a new Middle East LNG price marker as region's demand grows

 

Monday, January 16, 2016

John Kemp: Volatility and cyclicality in oil prices - will this time be different?

OPEC Mohammed Barkindo confident in members commitment

Baker Hughes Data: Canadian drillers add most oil rigs in two years

PHMSA U.S. pipeline regulator completes rule to boost safety standards

Mexicans fear higher food prices to follow gasoline hike

U.S. State Department nominee Rex Tillerson fights climate deposition

Mexico's Tula crude refinery hit by energy outage

Accident Pemex refinery kills worker, output not affected

Mexico names trade expert as new U.S. ambassador

Colombian ex-senator arrests in Odebrecht corruption scandal


PW PREVIOUS WEEK'S NEWS HEADLINES

TODAY'S WORLD ENERGY, OIL, GAS HEADLINES

 



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

 


 

Editorial Commentary


Jeremy Ashkenas: Rex Tillerson's maverick oil diplomacy

 

ExxonMobil production sites


Tim Wallace/NYT | Source: ExxonMobil

Rex W. Tillerson, former chief executive of ExxonMobil and Donald J. Trump's nominee to be secretary of state, has conducted his own brand of oil-oriented diplomacy during his 41-year career at Exxon, a company that has often cut deals with authoritarian leaders of politically unstable countries.



Opinion


Nick Cunningham: Oil prices running out of reasons to rally



"The shots fired at the Iranian boats in the Strait of Hormuz didn't do anything to
the market. A few years ago that would have added a couple dollars to the price."

 



Lagniappe

Robbie Gramer: Venezuela's meltdown
could be Trump's first nightmare, too


Venezuela could boil over before the Trump administration has time to settle into
government and get its new national security team in place and up to speed.

 


RSS Feed Widget

 


 


Auction Round Awards

CNH-R01-L04/2015 - CNH-A1-Trion/2016
Deep Water Exploración / PEMEX Farmouts

Results, Dic. 5, 2016






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Issues
Confidencial,
off the record

PetroSaudi-PDVSA
grand fraud


Another huge PDVSA
fraudulent scam

Blackmail-Trump

 

 

Donald Trump denies
being blackmail

 

Oil prices a retrospective


Venezuela closer
to chaos

Venezuela: No
clear way out

TT counting
chickens before...


Maduro and Rowley
in a conga dance line.

Putin, OPEC's key


EDITORIAL

George F. Will: Obama's foreign policy was error after error

 

Pope Francis:
“Urbi et Orbi”,
December 2016

 

John Hall: The
OPEC & Non-OPEC Agreement

 

TT Guardian: Venezuela's
Dragon deal can revive
TT's energy sector

 

Editorial position


On sale now
New Edition!



We Fedex any
where in the world

OPINION

Nick Cunningham:
Lithium prices set to jump as Tesla
doubles global battery production


Nick Cunningham:
U.S. shale is now cash flow neutral

 

James Stafford:
Not soprolific: U.S. shale faces a reality check

 

James Stafford: Trump could fuel a nuclear energy boom in 2017

 

LAGNIAPPE

Dr. Kent
Moors: How
Trump's Exxon
pick is changing global
oil markets

 

Mathew Bey: An oilman's guide to foreign affairs

 

Adán Echeverría-
García:Are Mexico's new nature
reserves a real
conservation effort or
emptypolitical gesture?





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SPECIAL REPORT

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Timeline: Venezuela

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