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TT's Ramnarine says he does not foresee
oil prices remaining
under US$50

UNC

Trinidad & Tobago Energy Minister Kevin Ramnarine tells Energy Conference: Oil under US$50 not sustainable
(archive photo)

PORT SPAIN
Petroleumworld.com, Jan 28, 2014

Energy Minister Kevin Ramnarine says he does not foresee oil prices remaining under US$50 a barrel in the short or medium term because that price is not sustainable and is “below the break-even point for some companies here in T&T.” “It will certainly render the North Sea and US Gulf of Mexico oil production un-economic,” he said in a pre-recorded video message on the second day of the T&T Energy Conference at the Hyatt Regency Hotel, Port-of-Spain.- story

Petrobras will not post writedowns until annual results

RIO DE JANEIRO/MADRID
Petroleumworld.com, Jan 28, 2014

Petroleo Brasileiro SA, the state-run oil company at the center of Brazil's biggest ever kickback scandal, failed to reach an agreement on writedowns related to the crisis before posting third-quarter results. - story




Lagniappe

Colin Chilcoat: China in
pursue of Latin American oil

 

 

Bilal Y. Saab :
Saudi Arabia's way forward

 

 


Editor's Mail

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and comments about the articles on this site.


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OIL PRICES:
Updated:Jan 28 2015 08:55 GMT

01/27 OPEC Basket: $43.24

01/23 Venezuela Basket:* $39.52

01/23 Venezuela Basket:** $40.77

01/27 Mexico Basket: $38.59

01/27 NYMEX Natural Gas:
$2.981

01/27 ICE BRENT: $48.60 NYMEX WTI: $46.23

01/28 (Parallel Transf***) BsF/US 185.00- BsF/€210.00

01/28 FX 1 Euro=$1.1332 US dollars 08:54GMT

Closing daily prices / average weekly price*
Average price for 2015* */ Average Cucuta's price ***.
Martin Luther King Jr. holiday ****


WEEKS' HEADLINES

US VP Biden pledge to revamp the
energy sectors of Caribbean countries

us dos

Vice President Joe Biden joins Caribbean leaders in a family photo at Caribbean Energy Security Summit meeting in Washington, DC on January 26, 2015. 

WASHINGTON
Petroleumworld.com, Jan 27, 2014
- story

PDVSA CITGO to issue $2.5 billion in debt to give to Venezuela


Moody's assigned a Caa1 rating to Citgo Holding, Inc saying "The security package for the Term Loan B and the notes is weak as it will only includes the terminals and pipelines to be acquired from Citgo plus 49% of the capital stock of Citgo."

NEW YORK
Petroleumworld.com, Jan 26, 2014
- story

Saudi king Abdullah is dead, succeeded by Prince Salman 

AFP/Hassan Ammar

Saudi King Abdullah addresses the closing session of the Arab Summit in Riyadh on March 29, 2007

MANAMA/RIYADH
Petroleumworld.com, Jan 23, 2014
- story

Oil drill and exploration to colapse under lower oil prices

CHICAGO
Petroleumworld.com, Jan 23, 2014
- story

Halliburton vs Schlumberger head to head for market share

HOUSTON
Petroleumworld.com, Jan 22, 2014
- story

PDVSA CITGO off the auction block, plan $2.5 billion debt issue

NEW YORK/CARACAS
Petroleumworld.com, Jan 21, 2014
- story

Iran sees 'No threat' from oil prices at $25

AFP / Behrouz Mehri

Iran's Oil Minister Bijan Namdar Zanganeh delivers a speech during the marking of the 50th anniversary of the establishment of the Islamic republic's national petrochemical company in Tehran today.

TEHRAN
Petroleumworld.com, Jan 20, 2014
- story

Harvest asks for arbitration after
Venezuela refuse sale in PDVSA Petrodelta

HOUSTON
Petroleumworld.com, Jan 19, 2014
- story

Schlumberger cuts 9,000 jobs on low oil prices

AP / Pat Sullivan

Representative from the Schlumberger oil service company said it is to cut 9,000 jobs in response to lower oil prices and a reduction in anticipated exploration and production by oil companies.

MOSCOW
Petroleumworld.com, Jan 16, 2014
- story

Maduro, Putin to discuss global oil prices, bilateral projects

Presidencia/Marcelo Garcia

Kremlin spokesperson said that Venezuelan President and his Russian counterpart will discuss bilateral projects and oil prices during their Thursday meeting in Moscow.

MOSCOW
Petroleumworld.com, Jan 15, 2014
- story

Breakeven and shut-in prices for wells decisive for oil production

NEW YORK
Petroleumworld.com, Jan 14, 2014
- story

U.S. oil storage trade is back - bigger than ever

NEW YORK
Petroleumworld.com, Jan 13, 2014
- story

OPEC price intensifies as oil falls below $50

AFP/Getty Images

$100-a-barrel oil 'never' again - Saudi billionaire owner of Kingdom Holding Company Prince Alwaleed bin Talal, center, speaks to the media during a press conference in Obhor on Nov. 4 2014.

SINGAPORE
Petroleumworld.com, Jan 12, 2014
- story

 Trinidad &Tobago Brazil

PW PREVIOUS WEEK'S HEADLINES

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ISSUES...

Inside, confidential,
off the record

PDVSA CITGO
bonds a sting

Venezuela death watch

Oil over supply may last...

The Petrobras' looting

MX round one

Russia's free fall

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LAGNIAPPE

Morgan Stanley Research:
Energy Outlook January 2015

Maria Bartiromo: $100
-a-barrel oil 'never'
again - Saudi prince

Sputnik: What impact will
future Saudi succession
have on oil prices?

William Pesek : Cheap oil
is rich opportunity for Asia

Jeffrey Goldberg: How to
tell whether
Obama did
the right thing on Cuba

Jeremy M. Martin & Alexis
Arthur: Latam 2014:
Top energy stories

Geoffrey Smith:
The ruble's collapse is
disastrous for Putin -
and bad for you too

Anatole Kaletsky:
Why oil companies
shouldbe a lot more
profitable than they are



The Gas Industry
in Venezuela

by The National
Engineering Academy
(Spanish)


EDITOR'S MAIL

Venezuela risks
default if Chavez
wins

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