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Nov 2014

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TOP NEWS

 

 


Despite pain, OPEC hawks are riding out oil slump

LONDON
Petroleumworld.com, Dec 18, 2014

OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share, further reducing the chance of any action to defend prices. - story

PDVSA CITGO valued at more than
$10 billion in revised bids - sources

NEW YORK/HOUSTON
Petroleumworld.com, Dec 17, 2014

Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. - story

 


Lagniappe


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

 

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

 

 


Editor's Mail

We invite all our readers to share with us their views
and comments about the articles on this site.


Write to
editor@petroleumworld.com

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OIL PRICES:
Updated:Dec 18, 2014 09:03 GMT

12/17 OPEC Basket: $55.54

12/12 Venezuela Basket:* $57.53

11/28 Venezuela Basket:** $91.17

12/17 Mexico Basket: $49.22

12/17 NYMEX Natural Gas:
$3.702

12/17 ICE BRENT: $61.18 NYMEX WTI: $56.47

12/17 (Parallel Transf***) BsF/US 182.00 - BsF/€224.50

12/18 FX 1 Euro=$1.2330 US dollars 09:01 GMT

Closing daily prices / average weekly price*
Average price for 2014* */ Average Cucuta's price ***.


 

WEEKS' HEADLINES

Brent tumbles again below $60 for first time since 2009

businessinsider.com.au

Brent below $60 as oil tumbles again B

SINGAPORE
Petroleumworld.com, Dec 16, 2014
- story

Oil falls anew as OPEC ruled out an output cut

thisismoney.co.uk

Slump: The price of Brent crude has plunged 40 per cent to closer to $60, since mid-June.

NEW YORK
Petroleumworld.com, Dec 15, 2014
- story

U.S. North Dakota crude may have hit a ceiling

NEW YORK
Petroleumworld.com, Dec 12, 2014
- story

'Why should we cut production?' - Saudi Oil Minister Naimi

Reuters/Heinz-Peter Bader

Saudi Arabia's Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 20

LIMA
Petroleumworld.com, Dec 11, 2014
- story

Venezuelan debt plunges, default not yet,
devaluation on sight


Venezuela 10Y Sovereign Bonds Plunge With Plunging Brent Crude Prices

NEW YORK
Petroleumworld.com, Dec 10, 2014
- story

Crude oil on free fall, trades at 5-year low


Dec. 8 (Bloomberg) – Trading Advantage Senior Market Strategist Scott Bauer and Bloomberg's Greg Bender examine oil trades at a five-year low in “On the Markets.” They speak with Bloomberg's Olivia Sterns on “In The Loop.” (Source: Bloomberg)

NEW YORK
Petroleumworld.com, Dec 09, 2014
- story

The bet is that OPEC-led oil rout is near end - Hedge funds


It is this shale threat that has become the dominant concern for OPEC, far beyond whatever current US national interest are vis-a-vis Ukraine, and Russia's sovereign oil revenues, and as reported previously , Brent has to drop below to $75 or lower for US shale player to one by one start going offline.

NEW YORK
Petroleumworld.com, Dec 08, 2014
- story

Oil prices drop puts projects in North Sea,
Arctic and Gulf of Mexico on hold


Source: UCube by Rystad Energy / M. Ulmanu, V. Flasseur / 04 12 14/ Reuters

LONDON
Petroleumworld.com, Dec 05, 2014
- story

Venezuela-Saudi OPEC split plays out behind closed doors

Bloomberg /Gustavo Graf

Ali al-Naimi, Minister of Petroleum and Mineral Resources for Saudi Arabia.

LONDON/TEHRAN/MANAMA
Petroleumworld.com, Dec 04, 2014
- story

OPEC's no cut decision headed Venezuela to a devaluation


Venezuelan bonds are collapsing-Tyler Duder; While Saudi Arabia tests the mettle of North American producers, it could be Venezuela that is the most vulnerable.- Nick Cunningham of OilPrice.com.

SANTIAGO/BOGOTA
Petroleumworld.com, Dec 03, 2014
- story

Ecopetrol counting in refinery to pull up stock now at its worst


The US$ 3.8 billion expansion at Ecopetrol Cartagena refinery will increase the nameplate processing capacity to 200 000 bpd.

BOGOTA
Petroleumworld.com, Dec 02, 2014
- story

Crude oil at $40 possible as market transforms Caracas to Iran

AP/John Moore

PARIS/LONDON
Petroleumworld.com, Dec 01, 2014
- story

OPEC send crude oil prices on free fall

Reuters/Heinz-Peter Bader

Saudi Arabia's Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 2014.

VIENNA
Petroleumworld.com, Nov 28, 2014
- story

Pan American Energy win Argentina tax cut as crude plunges


Pan American Energy in Argentina


BUENOS AIRES
Petroleumworld.com, Nov 27, 2014
- story

Mexico concentrates on oil blocks
auction not on OPEC's prices dilema

CALGARY / MEXICO CITY
Petroleumworld.com, Nov 26, 2014
- story

 

 

 Trinidad &Tobago Brazil

 

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ISSUES...

Inside, confidential,
off the record

Russia's free fall

Maduro's fall

OPEC 's dilema

Focus on OPEC

T&T doing well

And no oil
reached the sea

U.S. Congress great plan

LaHam's true G.R.I.T

US' Russian rockets

Gartman on WTI/Brent

Brent vs the Saudis


To read all
ISSUES... articles

Click on issues


EDITORIAL

Nawaf Obaid: Determinants
of a new Saudi oil policy

John Hall: The 166 th.
Meeting of the OPEC
Conference
Vienna,
Austria, 27 th .
November, 2014

Mary Anastacia O'Grady:
The Iran-Cuba-Venezuela
Nexus

Andres Schipani: Venezuela:
to act or not to act, that
is the question

The Latin American
Energy Advisor:
The Petrocaribe question

Girish Gupta: Could
low oil prices
end Venezuela's
revolution?

David Jessop : Falling
oil prices, PetroCaribe
and the Caribbean

Stephanie Rogan :
How Big Oil could
grease invisible hand

Gwynne Dyer: How
far will oil prices collapse
and for how long?
Thomas L. Friedman:
A pump war?

Moshiri, Monaldi, Kerner:
Politics and foreign
investment in Latin
America: A look at
Venezuela and Argentina

Joseph E. Stiglitz,
Martin Guzman:
Bonds: Debeaking
the Vultures

Editorial position


On sale now
New 2013 edition!



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in the world


LAGNIAPPE

The Washington Post:
Venezuela's downward
economic spiral

Fatih Birol: World's energy
outlook
An interview by
Michelle Patron, Senior
Director for Energy and
Climate Change, National
Security Council at CFR

Steven Bodzin: EFE played in
Arevenca oil continuous scam

Daniel Bases:counting
pennies in Venezuela

Anthony T. Bryan :
Are the Americas
emerging as the new
center of global energy?

Gregory Meyer and Ed
Crooks: BHP to export
US oil without permit

Matthew DiLallo: Hold your
lower oil prices celebrations

Thomas Petrie and
Christopher Grisanti : Can
oil producers handle a $70
per barrel price
?

John Nagl : Get
ready for Iraq war IV

Sara Schaffer and Ezequiel
Minaya: Venezuela
vulnerable to oil's fall

Joe Nocera: Putin
shows his hand

Institute of the Americas:
The other side of the river:
Colombia: energy, enviroment and communities



The Gas Industry
in Venezuela

by The National
Engineering Academy
(Spanish)


EDITOR'S MAIL

Venezuela risks
default if Chavez
wins

Suggestions,
collaborations are
welcome write to us :
editor@
petroleumworld.com


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or Cel (58 412) 996 3730 / (58 414) 276 3041 / (58  412) 952 5301


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