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Oil at $40, what it means for the U.S. economy

 

NEW YORK
Petroleumworld.com 08 31 2015

The price of oil has tumbled 58 percent this year to reach a six-year low earlier this week. Even if prices stay at these levels, chances are they won't impact the Federal Reserve's interest-rate plans.  - story

Petrobras reaches refinancing deal for Sete Brasil's debt

BRASILIA
Petroleumworld.com 08 31 2015

Brazilian state-run oil company Petrobras and other investors reached an agreement to approve the restructuring plan of ailing oil-drilling-rig builder Sete Brasil Participações SA, two leading local newspapers reported on Friday. - story

 



Editorial Commentary

John Lloyd: Why $40 oil is killing Iraq,
Venezuela and others, but not Russi
a

Reuters/A.Druzhinin

Russian President Vladimir Putin meets with journalists after
submerging into the waters of the Black Sea inside a research
bathyscaphe in Sevastopol, Crimea, August 18, 2015.




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OIL PRICES:
Updated: Aug 31, 2015 09:20 GMT

08/28 OPEC Basket: $45.19

08/28 Venezuela Basket:* $36.48

08/28 Venezuela Basket:**$48.56

08/28 Mexico Basket: $49.45

08/28 NYMEX Natural Gas:
$2.71

08/28 ICE BRENT: $50.05 NYMEX WTI: $45.22

08/31 US/BsF 696.00- BsF/€ 780.50/ Parallel Transf***

08/31 FX 1 Euro=$1.1202US dollars 09:19 GMT

Closing daily prices / average weekly price*
Average price for 2015**/ Average Cucuta's price ***



 


WEEKS' HEADLINES

Oil erases week of losses, rising more than 8 pct

NEW YORK
Petroleumworld.com 08 28 2015
- story

Venezuela wants OPEC to meet with Russia - WSJ

BANGALORE, India
Petroleumworld.com 08 28 2015
- story

Ecuador: Pumping oil at a loss - Correa


Ecuador is losing about $9 for every barrel of oil it pumps, Pres. Correa said.

LONDON/QUITO
Petroleumworld.com 08 27 2015
- story

Colombia's Cano Limon-Covenas pipeline online after 67-day closure

BOGOTA
Petroleumworld.com 08 27 2015
- story

Mexico's sweetens oil auction terms again to assure success

MEXICO CITY
Petroleumworld.com 08 26 2015
- story

Oil at $77? It is in Argentina


President Cristina Fernandez de Kirchner at YPF instalations

BUENOS AIRES
Petroleumworld.com 08 26 2015
- story

Reuter's John Kemp: Oil market loses faith in Saudi oil strategy


Oil holds near 6-year lows on China worrie
s

LONDON
Petroleumworld.com 08 25 2015
- story

Petrobras uneasy with drilling-rig builder Sete Brazil restructuring


Sete Brasil projects hang in the balance.

SAO PAULO
Petroleumworld.com 08 25 2015
- story

0il below $40 a barrel since 2009, supply glut grows

NEW YORK
Petroleumworld.com 08 24 2015
- story

Canadian Pacific to take over Peru's block 192


Pacific Exploration and Production Corp awarded Block 192 concession in Peru.

LIMA
Petroleumworld.com 08 24 2015
- story

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- Gartman

Venezuela in
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FP Editor

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Obama consistently wrong

6 myths driving
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Exxon 700 mb in
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International Crisis
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"Perdido" the largest
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Kejal Vyas: PDVSA's
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Latin America Energy
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Mary Anastasia O'Grady
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