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TOP NEWS






PEMEX Maya crude could fall as low $19 per barrel next month


Oil barrels

MEXICO CITY
Petroleumworld.com 02 15 2016

Mexican state oil company Pemex expects its top-selling Maya heavy crude oil to fall as low as $19 per barrel by the end of March, an internal document seen by Reuters shows, further complicating its efforts to stem a decade-long output slump. - story

Valero's Aruba refinery to restart by PDVSA Citgo under lease


Aruba's refinery sits along the island's breathtaking beaches.

HOUSTON
Petroleumworld.com 02 15 2016

Venezuelan PDVSA's unit in the United States, Citgo Petroleum, is working to restart some processing units at the Aruba refinery under a 25-year lease contract with the government of the Caribbean island, sources at the facility and firms involved told Reuters on Saturday. - story

 

 


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Editorial Commentary


T
he Washington Post View's:
Venezuela's implosion



Prepare for the worst: Venezuela is heading toward complete disaster,
if Venezuela implode, are its neighbors ready?

 



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Fareed Zakaria: From Iran to Nigeria,
cheap oil means perilous politics



Countries collapse on consequence of lows in oil prices




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OIL PRICES:
Updated: Feb 14, 2016 11:44 GMT

02/11 OPEC Basket: $25.21 -0.72

02/12 Venezuela Basket:$22.83 -2.44 *

02/12 Venezuela Basket:$24.25 -0.41 **

2015 Venezuela Basket: $44.65 ***

02/12 Mexico Basket: $24.11 -2.03

02/12 ICE Brent: $33.36 +3.23

02/12 NYMEX
Wti: $29.44 +3.23

02/12 NYMEX Natural Gas: $1.96 -0.03

02/14 USD/BsF 1026.00

02/14 BsF/€ 1155.00
/Parallel Transf****

02/12 FX
1 Euro=$1.1254 USD /20:59 GMT/live

Closing daily prices / average weekly price*/Average price for 2015**/ Average price for 2016*** / Average Cucuta's price ****

 
 





 



WEEK'S TOP HEADLINES

Oil price volatility to remain high,
U.S. crude up after hitting 12-year low


Oil prices jump almost 5 pct, but oversupply still damps outlook

SINGAPORE
Petroleumworld.com 02 12 2016
- story

International investors start legal battle
with Petrobras over corruption losses


Petrobras in trouble waters with a group of international investors and law firms
behind a law site over alleged corruption-related losses for investors.

SINGAPORE
Petroleumworld.com 02 12 2016
- story

Russia's Rosneft skeptical on output deal with OPEC


“Tell me who is supposed to cut?” Chief Executive Officer Igor Sechin
said on the sidelines of a conference in London on Wednesday.

MOSCOW/LONDON
Petroleumworld.com 02 11 2016
- story

Colombian government accused CB&I of bad
management on Reficar refinery proyect


Colombia government seek answers from contractor's Chicago Bridge and
Iron NV
after Cartagena oil refinery (Reficar) runs $4 billion over budget


BOGOTA
Petroleumworld.com 02 11 2016
- story

Crude oil options protect traders against price volatility


Oil prices just keep falling and raising.

NEW YORK
Petroleumworld.com 02 10 2016
- story

Mexico's President dumps Pemex CEO


Pemex's new CEO, Jose Antonio Gonzalez, has been the director
of Mexico's Social Security Institute since 2012

MEXICO CITY
Petroleumworld.com 02 10 2016
- story

OPEC deal unlikely, IEA sees global oil glut worsening



LONDON
Petroleumworld.com 02 09 2016
- story

PDVSA crude exports to the United States 643,935 bpd in January


Sales of diluted crude oil (DCO) made with Venezuelan
extra heavy crude and naphtha decreased 39 percent

HOUSTON
Petroleumworld.com 02 09 2016
- story

Oil cuts in big oil go on different paths out of crisis


As big oil shrinks, boards plot act

LONDON/HOUSTON
Petroleumworld.com 02 08 2016
- story

Trinidad and Tobago's Carnival party losses stem out of oil crisis

Reuters/Andrea Silva

View of a drilling rig and distant production platform
in the Soldado Field off Trinidad's southwest coast.

SPEYSIDE, Trinidad & Tobago
Petroleumworld.com 02 08 2016
- story

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