México



Very usefull links



PW
Bookstore





Institutional
links


OPEC



PW
Business Partners


IRAQ OIL

THE FORUM


Blogspots

FxHQ Forex News

The Global Barrel

Tiempo Cultural

Gustavo Coronel

Iran Watch.org

Le Blog des
Energies Nouvelles

News Links

News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

Petroleumworld Top Headlines
Stories are not allways available on the Petroleumworld site after 90 days.

Top Headlines 2017 January/June

Top Headlines 2017 June/December

Top Headlines 2018 Jan- April

Top Headlines 2018 May - August

 

Natural Gas fuel of the future and the answer to global warming


Natural gas pushed as a fossil fuel
answer to global warming. BP, Chevron see gas as the fuel of the future, not a bridge. Rising power demands, fewer emissions cited, but foes remain. - The Takeaways From the World Gas Conference -Video - The Takeaways From the World Gas Conference

By Kevin Crowley, Rachel Adams-Heard, and Naureen S Malik

WASHINGTON
Petroleumworld 06 29 2018

Brazil's new hurdles to energy auctions

Supreme Court throws cold water on Eletrobras unit sales. Progress stalls on bill that would allow major oil round.

By Sabrina Valle and Samy Adghirni

RIO DE JANEIRO/SAO PAULO
Petroleumworld 06 29 2018

 

Pemex races ahead in hunt for upstream and downstream partners as election approaches

petroinnovation

State oil company to farm out 11 onshore fields on October 31. Pemex aims to finalize three refinery joint ventures this year

By Amy Stillman

MEXICO CITY
Petroleumworld 06 28 2018

Top mexican bankers scenarios ahead of Sunday's election

Susana Gonzalez/Bloomberg

Lopez Obrador's silence on banks leaves some fearing worst. Banker keeps only enough pesos to cover a single month's costs brador's silence on banks leaves some fearing worst. Banker keeps only enough pesos to cover a single month's costs

By Michelle F. Davis

MEXICO CITY
Petroleumworld 06 28 2018

 

Trump trade confusion turn big oil from backers to critics

Matt Nager/Bloomberg

Exxon, Chevron embraced tax reform but CEOs say tariffs pose a risk. Exxon CEO defends NAFTA, saying it benefits three countries

By Kevin Crowley

HOUSTON
Petroleumworld 06 27 2018

Colombia enjoys a winner but for how long, should the investors move fast ?

Tomas Ayuso/Bloomberg


Ivan Duque, Colombia's president-elect, speaks during an election event at the party's headquarters in Bogota, Colombia, on June 17, 2018.  Analysts say political left is gaining strength in country. Family-owned businesses being urged to tap capital markets now

By Daniel Cancel and Pablo Rosendo Gonzalez

BOGOTA
Petroleumworld 06 27 2018

The future of big oil is in natural gas


LNG demand is expected to grow fastest of all fossil fuels. Shell's 2016 purchase of BG Group helped major catch Exxon.

By Kevin Crowley and Kelly Gilblom

HOUSTON/LONDON
Petroleumworld 06 26 2018

Electronic cyberattacks in Mexico raise alarm bells ahead of Sunday's election

Ulises Ruiz/AFP

Workers unload boxes of electoral material at an INE warehouse in Guadalajara, on June 7. Nation suffered attacks on banking system in January, April. Election institute says ready in case of attack on July 1 vote.

By Eric Martin

MEXICO CITY
Petroleumworld 06 26 2018

 

Saudis move OPEC to boost oil supply to keep market under control

Stefan Wermuth/Bloomberg

Khalid Al-Falih, Saudi Arabia's energy and industry minister, center, at the OPEC meeting in Vienna.  OPEC+ output increase should be closer to 1 million b/d: Falih U.S. WTI crude drops only 0.4%. Committee dominated by Saudis, Russia to oversee supply hike.

By Javier Blas, Elena Mazneva, Grant Smith, and Laura Hurst

VIENNA
Petroleumworld 06 25 2018

Brent-WTI oil benchmarks clash in aftermath of ambiguous OPEC pact


Saudis see close to 1m b/d output gain; other forecasts lower. Brent slides as much as 2.4%; U.S. WTI crude drops only 0.4%.

By Heesu Lee

SEOUL
Petroleumworld 06 25 2018

S. Arabia pushing for OPEC raising oil output despite Iran's walk out

Chris Ratcliffe/Bloomberg

In photo, Saudi Arabia Energy Minister Khalid Al-Falih. OPEC+ panel recommends raising supply by nominal 1 million b/d. Actual rise to be smaller as some nations unable to pump more
- Video - What an OPEC deal would mean for the oil market.

By Grant Smith, Elena Mazneva, Annmarie Hordern, and Salma El Wardany

VIENNA
Petroleumworld 06 22 2018

Argentina new energy policies with cabinet switch back to oil intervention

Noticias Argentinas


New Energy Minister Javier Iguacel expected to cap oil, fuel prices. Government seen ending energy de-regulation to curb inflation.

By Jonathan Gilbert

BUENOS AIRES
Petroleumworld 06 22 2018

 

OPEC delegates increasingly positive that an output deal would be reached


Saudis say the market needs more supply, reason will prevail. Iran has argued there's no need to adjust existing quotas. -Video - OPEC Oil Ministers Clash...But May Be Able to Overcome Divisions

By Wael Mahdi, Elena Mazneva, and Nayla Razzouk

VIENNA
Petroleumworld 06 21 2018

OPEC transition from oil to renewalls is “challenging but absolutely necessary” - U.N. climate czar

OPEC

Patricia Espinosa, UN's top environment official received mixed reception. Oil business isn't immune from climate chaos, Espinosa Says. Speaking at the Organisation of the Petroleum Exporting Countries (OPEC) International Seminar in Vienna, Austria, Ms Espinosa said that this transition was “challenging but absolutely necessary”.-Eco News.- Video - Fighting Climate Change, Without the U.S.

By Jonathan Tirone

VIENNA
Petroleumworld 06 21 2018

 

Iran rejects compromise on oil output as OPEC heads for battle

Bloomberg

Saudi Arabia favors modest production increase from OPEC+. OPEC ‘not part' of U.S. Energy Department, Zanganeh says - Video - Iranian Petroleum Minister Says OPEC Deal Unlikely

By Javier Blas, Golnar Motevalli, and Nayla Razzouk

VIENNA

Mexico's CNH sets bid terms for 37 onshore blocks september oil auction, Pemex JVs

Rondas Mexico

The 37 areas are concentrated in four of Mexico's potentially lucrative geological provinces including Sabinas-Burgos, Tampico-Misantla, Veracruz and the Southeast Basins.

Reporting by David Alire Garcia and Adriana Barrera

MEXICO CITY
Petroleumworld 06 20 2018

 

OPEC discussing smaller output hike to overcome Iran's dissent


Members said to discuss smaller boost than suggested by Russia. Iran says Venezuela, Iraq will help it to block any increase -Video - OPEC said to discuss output hike of 300.000 to 600.000

By Wael Mahdi, Javier Blas, and Nayla Razzouk

LONDON/VIENNA
Petroleumworld 06 18 2018

OPEC faces the U.S. congress a bigger problem than Trump's tweets

study.com

U.S. lawmakers resurrect NOPEC bill in attempt to sue cartel. Trump supported the anti-OPEC law before becoming president.

By Javier Blas

LONDON
Petroleumworld 06 18 2018

Three OPEC members to veto Saudi-proposed supply boost -Iran

‘We do not need to appease Trump,' Iran's Kazempour says. ‘Market well-supplied, and OPEC should abide by its decision'. -Video- Saudi Arabia's energy minister may face his toughest test when the OPEC members meet. Bloomberg's Heesu Lee reports.

By Grant Smith and Golnar Motevalli

LONDON/VIENNA
Petroleumworld 06 18 2018

Colombia elects pro-business president Ivan Duque

Raul Arboleda

Ivan Duque defeated leftist Gustavo Petro by 54% to 42%. He faces Venezuela migrant crisis, fiscal hole, cocaine spike. -Video - Colombia Elects Ivan Duque as President -MSN/Reuters.

By Matthew Bristow

BOGOTA
Petroleumworld 06 18 2018

Soccer Summit, deal to gradually boost OPEC output `Inevitable' - Khalid Al-Falih

Sasha Mordovets/Getty

Russia says OPEC+ could consider 1.5 million b/d increase. Plan faces opposition from several other members of OPEC.- Video: Bloomberg's Will Kennedy reports on comments by Saudi Arabian Oil Minister Khalid Al-Falih.

By Elena Mazneva and Stepan Kravchenko

MOSCOW
Petroleumworld 06 15 2018

Colombians face sharp differences on the two candidates to elect in Sunday's presidential election

Sebastian Delgado/SOPA

Conservative Duque leads ex-guerrilla Petro in Sunday's runoff.
Candidates have sharp differences on economy, peace process

By Ezra Fieser

BOGOTA
Petroleumworld 06 15 2018

 

China and India want to counter OPEC buying more U.S. oil


Indian govt official says discussing collaborating with China. Nations want to put pressure on OPEC to keep prices in control.

By Debjit Chakraborty

DELHI
Petroleumworld 06 14 2018

PDVSA considering refining foreign crude oil in its Venezuela's CRP complex

Carlos Garcia Rawlins/Reuters

A general view of the PDVSA CRP refinery complex, Amuay unit which belongs to the Venezuelan state oil company in Paraguana, Venezuela.

By Marianna Parraga

HOUSTON
Petroleumworld 06 14 2018

 

Russia to ask OPEC for rollback to October 2016 levels for almost all

northernenergy

Moscow said to suggest producers share 1.8m b/d quota increase. Russian plan would leave 1m b/d of involuntary cuts intact.

By Elena Mazneva

MOSCOW
Petroleumworld 06 13 2018

US sanctions to Iran and economic colapse in Venezuela will reduce oil output by almost 30%, IEA says


Saudis may need to boost volumes to offset other OPEC losses. IEA gives pointed reminder it can deploy emergency stockpiles.

By Grant Smith

LONDON
Petroleumworld 06 13 2018

N. Korea to denuclearize: How Kim Jong Un and Trump differ on denuclearization

PTI


U.S. President Donald Trump, right, reaches to shakes hands with North Korea leader Kim Jong Un at the Capella resort on Sentosa Island Tuesday, June 12, 2018 in Singapore. - Video - Trump Says Denuclearization Process To Start 'Quickly'

By David Tweed and Kanga Kong

HONG KONG / SEOUL
Petroleumworld 06 12 2018

PDVSA Citgo seeks crude as supplies from Venezuela dry up

Eddie Seal

A tanker sails out of the Port of Corpus Christi in Texas. PDVSA supplied as much as 40 percent of Citgo's crude requirements, but is now unable to comply with the contractual volume of heavy crude due to falling output and port congestion slowing deliveries.

By Marianna Parraga

HOUSTON
Petroleumworld 06 12 2018

OPEC haves can overpower the have-nots in Vienna

Saudi Arabia and Russia can go it alone -- but the cost to everyone else could be substantial.

By Julian Lee

LONDON
Petroleumworld 06 11 2018

Venezuela urge OPEC to unite against sanctions

Akos Stiller/Bloomberg

Country writes letter to fellow members of group, echoing Iran. U.S. pressing OPEC to boost oil supply as markets tighten

By Grant Smith and Laura Hurst

LONDON
Petroleumworld 06 11 2018

 

WTI oil barter near $66 as OPEC's mixed views deepen supply dilemma

OPEC's June 22 meet in Vienna could end in failure: Bernstein. WTI advances 0.3 percent this week, trades above $66 a barrel.

By Heesu Lee

SEOUL
Petroleumworld 06 08 2018

Brazil's 4th Pre-salt Round extremely successful has US$818 million collected in signature bonuses

ANP

Petrobras forced to run with second-choice consortium for coveted block in Brazil's fourth pre-salt licensing round

By Fabio Palmigiani and Gareth Chetwynd

RIO DE JANEIRO
Petroleumworld 06 08 2018

 

Asian buyers of American oil bid hard but U.S. refiners fight to keep demand at check

Daniel Acker/Bloomberg

Demand seen from U.S. refineries resuming after maintenanance. Buyers in Asia seen facing stiffer challenge for U.S. cargoes. -Audio - "Oil Prices to Top Out Around $85 a Barrel"

By Serene Cheong

SINGAPORE
Petroleumworld 06 07 2018

The U.S. is set to get a bit more possessive about its own oil, sparking a bidding war with eager buyers in the other side of the world.

Permian basin oil boom bottlenecks are costing U.S. investors $1 billion a day

rigzone

Permian woes drill stocks for Parsley, Pioneer, Concho . Diverse drillers, refiners are beneficiaries in pipe shortage.
- Live -
Bloomberg Surveillance. Live from London and New York.

By David Wethe, Alex Nussbaum, Ryan Collins

HOUSTON/NEW YORK
Petroleumworld 06 07 2018

U.S. ask OPEC to increase oil output by 1 million barrel a day

Akos Stiller/Bloomberg

President Trump criticized OPEC for raising prices too high. Saudis, Russia have proposed gradual increase in second half - Video - " U.S. Said to Ask OPEC for 1 Million Barrel a Day Output Hike"

By Jennifer Jacobs, Javier Blas, and Grant Smith

WASHINGTON/LONDON
Petroleumworld 06 06 2018

PDVSA could declare force majeure on oil exports

Notifalcon

PDVSA notify all its customers that it will no longer receive new tankers for loading at Jose or Paraguana, its main export terminals, until ships already in line are served. There were more than 70 tankers off the coast of Venezuela on Tuesday, according to Thomson Reuters vessel tracking data.

By Marianna Parraga and Deisy Buitrago

HOUSTON/CARACAS
Petroleumworld 06 06 2018

OPEC is holding oil production steady even as it debates an increase

Group pumped 31.9 million barrels a day in May, survey shows. Saudi Arabia, Russia have signaled they will raise supply.- Video - " Oil Mega Producers Signal More Supply Is Coming "

By Grant Smith, Julian Lee, and Wael Mahdi

LONDON
Petroleumworld 06 05 2018

Monteiro takes over as Petrobras CE0, shares rebound

Yasuyoshi Chiba/AFP

Monteiro oversaw a reduction in the company's total debt. Company's stock fell after former CEO said he was leaving. - Video -
"How Petrobras Became Brazil's Strike Scapegoat'

By Peter Millard and Alex Nussbaum

RIO DE JANEIRO
Petroleumworld 06 05 2018

Coming soon:"OPEC's worst meeting ever, part II "

Chris Ratcliffe/Bloomberg

The Saudi about-face on production lays the ground for discord in Vienna. Saudi Arabia takes a leaf from Hollywood's book. - Video - Eyes on OPEC Production as Meeting Looms

By Julian Lee

LONDON
Petroleumworld 06 04 2018

Brazil's PSCs pre-salt oil fields round 4th with 16 companies on June 7

ANP

The list of qualified companies for the production-sharing contracts (PSC) included big oil companies such as Petrobras, ExxonMobil, BP, Shell, Chevron, Statoil and Total. - Video - Petrobras CEO Resigns After Brazil Strikes

By Elio Ohep

CARACAS
Petroleumworld 06 04 2018

Oil prices on a global market discord, Brent and WTI on a different path


Brent's premium to WTI rises, while shrinking versus Dubai oil. Price differences spur shifts in crude-trade flows globally - Video - Oil prices are backing down

By Serene Cheong

SINGAPORE
Petroleumworld 06 01 2018

Brazil moves slow to normal as protests wind down

AFP

Petrobras said on Thursday that there was no impact on production due to the strike as its contingency plans were successful. Laborers were back on the job at 95 percent of the company's units, the company added.

By Pedro Fonseca and Gram Slattery

RIO DE JANEIRO/SAO PAULO
Petroleumworld 06 01 2018

Oil's rally to its highest level in 3-years choked by fear of OPEC output revival, Brazil oil workers on 72-hour strike

AP/Leo Correa

Saudi-Russia proposal to ease supply curbs weighs on prices. WTI trades near $68/bbl, heading for a 0.7% drop this month. - Play Video - Brazil oil workers on 72-hour strike

By Heesu Lee

SEOUL
Petroleumworld 05 31 2018

In terror of an AMLO win, workers for Mexico's second-richest man are told to vote against the poll leader

Canada buys Kinder Morgan Trans Mountain Pipeline for $3.5 billion

Bloomberg

Deal includes expansion, related pipeline and terminal assets. Trudeau pledges conduit will be built, seeks new buyer - Video - Trudeau pledges conduit will be built, seeks new buyer.

By Josh Wingrove and Greg Quinn

OTTAWA
Petroleumworld 05 30 2018

Mexico foiled a $110 million cyber bank heist, then kept it a secret

IT PRO

Now, its banking system is being hit by a new wave of attacks. Policy makers are being criticized for a lack of communication

By Michelle Davis

MEXICO CITY
Petroleumworld 05 30 2018

Africa's Saldana bay oil hub grows after making millions for traders

calulo.co.za

Tankers in Saldanha Bay crude oil facility. South Africa. Saldanha Bay's harbor used by trading houses to profit during oil-price slump. crude storage capacity is expanding almost 30% .

By Paul Burkhardt

JOHANNESBURG
Petroleumworld 05 29 2018

Brazil week-long strike leaves big loses and more strikes to come

Bloomberg

Brazil government will face bill of at least 9.5b reais. Petrobras workers plan strike for May 30, want CEO fired.

By Rachel Gamarski and Simone Preissler Iglesias

BRASILIA
Petroleumworld 05 29 2018

OPEC, Russia and allies say have already cleared oil surplus

Akos Stiller

OECD stocks fell to 20 million barrels below 5-year average. Market re-balanced on more compliance with cuts, summer demand -Play Video - Opec and allies say oil surplus cleared

By Wael Mahdi and Grant Smith

LONDON
Petroleumworld 05 28 2018

Colombia heads to runoff as rightist Ivan Duque wins first round vote

Raul Arboleda/AFP

Investor-friendly lawyer Ivan Duque lead with 39% support .He'll face former guerrilla Gustavo Petro in June 17 decider. -Video - Ivan Duque wins first round of Colombia presidential vote

By Oscar Medina and Ezra Fieser

BOGOTA
Petroleumworld 05 28 2018

Russia and OPEC to discuss decrease oil-output cuts in June


Simon Dawson/Bloomberg

Alexander Novak, Russia's energy minister. Novak says any decision will depend on the state of the market. Lukoil, Gazprom Neft CEOs say oil price at $80 is high enough. -Video - How to play $80 oil

By Elena Mazneva, Dina Khrennikova

MOSCOW
Petroleumworld 05 25 2018

Brazil fourth day's truckers strike reaches a pact, but big union rejects it

Sebastiao Moreira/EPA-EFE

Walkout over diesel-fuel prices disrupts weak economic recovery; Petrobras shares take a hit - video - Exports threatened by truck strike

By Jeffrey T. Lewis and Luciana Magalhães

SÃO PAULO
Petroleumworld 05 25 2018

Democrats exhorting Trump to “stand up to OPEC" amid rising oil prices

Luke Sharrett/Bloomberg

Venezuela sanctions, Iran nuke deal withdrawal boosted prices. U.S. influence at OPEC meeting ‘basically zero': Evercore

By Stephen Cunningham

NEW YORK
Petroleumworld 05 25 2018

Market eyes the $100 a barrel oil wager


Brent $90 and $100 calls among most held options contracts. Move comes as political risks swirl over the oil market.

By Alex Longley

LONDON
Petroleumworld 05 25 2018

Peru revoked Tulow's oil contracts that Kuczynski signed the day he quit

Tullow

Company says government's decision ‘deeply disappointing'. Government faced political opposition, protests by fishermen.

By John Quigley

LIMA
Petroleumworld 24 05 2018

Trump prohibits all transactions involving debts owed to Venezuela, PDVSA

Order aimed at curbing trading of account receivables. Steps up pressure on Maduro regime following elections. - Video - Venezuela Sanctions Threat Could Cause Sharper Fall, Fitch Says

By Toluse Olorunnipa

WASHINGTON
Petroleumworld 22 05 2018

Mexico's anti-populist Ricardo Anaya wins debates, but there is still the poll gap

Alejandro Cegarra/Bloomberg

People watch Ricardo Anaya during the second presidential debate, inside a restaurant in Tijuana, Mexico, on May 20. Early mistakes keep Anaya far behind AMLO as time runs short . Leftist front-runner's lead is 18 points in latest tracker.

By Nacha Cattan

MEXICO CITY
Petroleumworld 22 05 2018

Trump prohibits all transactions involving debts owed to Venezuela, PDVSA

Order aimed at curbing trading of account receivables. Steps up pressure on Maduro regime following elections. - Video - Venezuela Sanctions Threat Could Cause Sharper Fall, Fitch Says

By Toluse Olorunnipa

WASHINGTON
Petroleumworld 22 05 2018

Mexico's anti-populist Ricardo Anaya wins debates, but there is still the poll gap

Alejandro Cegarra/Bloomberg

People watch Ricardo Anaya during the second presidential debate, inside a restaurant in Tijuana, Mexico, on May 20. Early mistakes keep Anaya far behind AMLO as time runs short . Leftist front-runner's lead is 18 points in latest tracker.

By Nacha Cattan

MEXICO CITY
Petroleumworld 22 05 2018

Venezuela's Nicolas Maduro re-elected amid crisis, boycott and outcry over vote

Will Riera/Bloomberg

Polling places once bustling are deserted amid boycott. - Video - Maduro won another six-year term as millions boycotted the widely derided election. Bloomberg's Laya reports.

By Andrew Rosati

CARACAS
Petroleumworld 21 05 2018

How ConocoPhillips' fight with Venezuela landed in Curacao

Andres Martinez Casares/Reuters

View of PDVSA Isla refinery in Willemstad on the island of Curacao.

By Alex Nussbaum, Ezra Fieser, and Lucia Kassai

NEW YORK/BOGOTA/HOUSTON
Petroleumworld 21 05 2018

Oil above $80 stokes fears that demand will suffer

Oil could hit $100 in ‘coming months,' Total's CEO says. OPEC giants shrug off concerns, say supply remains ample. - Video - Oil Returns to $80 a Barrel in Londn for the first since 2014

By Stephen Cunningham

NEW YORK/CARACAS
Petroleumworld 05 18
2018

PDVSA without preventions to contain Conoco's $2 billion assault

ConocoPhillips moved quickly to enforce arbitration award. Venezuela oil giant's oil assets in Caribbean are frozen.- Video - Venezuela's Political and Financial Chaos Disrupts Oil Market

By Alex Nussbaum, Tiffany Kary, Patricia Laya

NEW YORK/CARACAS
Petroleumworld 05 18
2018

 

IEA cuts 2018 oil demand forecast as near $80 crude oil bites growth

Bloomberg

Demand growth slows, non-OPEC supply increases as prices climb. Oil inventories below average for first time since 2014: IEA

By Grant Smith

LONDON
Petroleumworld 05 17
2018

AMLO might win Mexico's election on a land slide, UBS says


Results of the poll by SDP Noticias, conducted April 25-28.

Analysts say markets aren't pricing in congressional vote. They see growing chance of house majority to speed his plans.

By Nacha Cattan and Justin Villamil

MEXICO CITY
Petroleumworld 05 17
2018

As Venezuelans suffer, Maduro's PDVSA buys foreign oil to subsidize Cuba

Oscar B. Castillo/The New Yorker

Venezuela, a Failing State

By Marianna Parraga and Jeanne Liendo

HOUSTON
Petroleumworld 05 16
2018

Repsol moving into an clean energy company, ending pursuit of oil growth


Spanish company said to propose limits on output, reserve life. Oil majors are growing more cautious about long-term demand. - Video - Repsol is giving up on growing its oil and gas business. Bloomberg's Will Kennedy reports

By Rodrigo Orihuela

MADRID
Petroleumworld 05 16
2018

 

Europe steps up bid to salvage Iran nuclear deal

Jason Alden/Bloomberg

U.K., French, German ministers to meet with Zarif on Tuesday. Merkel says ‘many factors at play' in effort to save accord / In photo, Iran's Javad Zarif. - Video: Iran to Stick With Nuclear Deal Despite U.S. Pull Out

By Patrick Donahue and Gregory Viscusi

BERLIN/PARIS
Petroleumworld 05 15
2018

Top junk bond rally hinges on Mexico's Lopez Obrador, for better or worse

Cesar Rodriguez /Bloomberg

Offshore Drilling's bonds jumped 28 percent this year. Investors worry that Amlo could roll back energy laws.

By Ben Bartenstein and Justin Villamil

NEWYORK/MEXICO CITY
Petroleumworld 05 15
2018

OPEC oil capacity ‘buffer' offsetting Iran sanctions - U.A.E.

Luke MacGregor/Bloomberg

Saudis, Kuwait, U.A.E. have enough spare capacity: Mazrouei. Trump plans for Iran sanctions may hurt country's oil output

By Mahmoud Habboush, Anthony Dipaola, and Tracy Alloway

ABU DHABI/DUBAI/
Petroleumworld 05 14
2018

Mexico make first move to its annual oil hedging program

Stefan Klein/Global Look Press

Annual sovereign hedge is Wall Street's largest oil deal. Mexico seeking quotes from counterparties to lock-in income.

By Javier Blas and Catherine Ngai

LONDON/NEW YORK
Petroleumworld 05 14
2018

 

Iran crisis warps OPEC equation as Saudi Arabia signal more supply

Bloomberg

Saudis indicate they could make up for lost Iranian output . Next OPEC meeting will be about production revival: Amrita Sen - Video -Fesharaki sees 1.5 million barrels of Iranian oil removed per day.

By Grant Smith and Javier Blas

LONDON
Petroleumworld 05 11
2018

ConocoPhillips takes over Venezuela's Caribbean oil assets

Bloomberg

PDVSA learns that Conoco pain may be worse than U.S. sanctions. Exports curtailed as PDVSA unable to access storage tanks - Video - ConocoPhillips Disrupts PDVSA's Exports

By Lucia Kassai

HOUSTON
Petroleumworld 05 11
2018

What oil at $70 means for the world economy

Bloomberg

Rising oil prices are a double-edged sword for the world economy -Video -Oil Prices to Rise Exiting Iran Deal, Says Sanford C. Bernstein's Beveridge

By Enda Curran, Rich Miller, and Michelle Jamrisko

HONG KONG/ WASHINGTON/SINGAPORE
Petroleumworld 05 10 2018

Business hates Lopez Obrador, Mexico's presidential front-runner. And he doesn't care

Bloomberg Businessweek/Brett Gundlock

Andrés Manuel López Obrador, the nation's anti-Trump, has a 20-point lead in the polls.

By Nacha Cattan and Monte Reel

MEXICO CITY
Petroleumworld 05 10 2018

How big oil market tackled U.S. sanctions on Iran before

Bloomberg

Waivers and defiance are among options for Asian crude buyers. Refiners had persisted with oil imports amid earlier sanctions - Video - ANZ'S Hynes weighs in on oil prices in the wake of the U.S. withdrawing from the Iranian nuclear program accord.

By Pratish Narayanan

SINGAPORE
Petroleumworld 05 09 2018

Iran sanctions add to Venezuela's oil industry collapse in a battering market

GettyImages/Robert Madden

Hundreds of oil derricks in Lake Maracaibo, Venezuela. Loss of two big producers means less cushion for future demand. South American country holds world's largest oil reserves.

By Alex Nussbaum and Lucia Kassai

NEW YORK/HOUSTON
Petroleumworld 05 09 2018

Oil rises as uncertainty on geopolitical risks proliferate


Sanctions could disrupt supplies from Iran or Venezuela . Saudis push for higher prices; Trump talks to North Korea -Video - Oil Rises as Market Braces for Trump's Iran Nuclear Call

By Christopher Sell

LONDON
Petroleumworld 05 08 2018

At OAS Pence demands that Venezuela suspend ‘So-Called' elections

Andrew Harrer/Bloomberg

Vice president Mike Pence speaks at Organization of American States (OAS). Announces new sanctions against ‘narcotics kingpins' -Video -Pence Calls For OAS To Kick Out Venezuela, Suspend Elections

By Justin Sink and Jose Enrique Arrioja

WASHINGTON/NEW YORK
Petroleumworld 05 08 2018

Oil over $70 as market awaits U.S. - Iran sanctions


U.S. futures trade above $70 for the 1st time since Nov. 2014. Trump has threatened he'll pull out of 2015 Iran nuclear deal -Video - Oil Traders Brace for Trump's Iran Decision

By Tsuyoshi Inajima

TOKYO
Petroleumworld 05 07 2018

Oil zar who ran Venezuela's PDVSA for decade predicts fast demise

Jewel Samad/AFP

Former oil minister Rafael Ramirez speaks from exile in Europe. Sees output shrinking by 600,000 a year on lack of investment

By Jose Enrique Arrioja

NEW YORK
Petroleumworld 05 07 2018

 

Russia still with OPEC deal even after overproducing

Bloomberg

Compliance with deal was 95.2% in April vs 93.4% in March. Country says it's ‘fully committed' to bringing market balance. Video
- The Market Determines Oil Prices Says Russian Energy Minister

By Elena Mazneva

MOSCOW
Petroleumworld 05 04 2018

Colombia's leading candidate says limits on trade would hurt emerging economies

Bloomberg

Ivan Duque is currently leading in presidential elections polls ahead of May 27 vote. Investors' favorite though some proposals have raised eyebrows. Video - Colombia's Duque Says Limits on Trade Would Hurt Emerging Economies

By Matthew Bristow

BOGOTA
Petroleumworld 05 04 2018

 

Why OPEC is determined to stick with cuts

Vestnik

New oil investment target may already have been achieved. Major companies are boosting output while restraining capex

By Grant Smith

LONDON
Petroleumworld 05 03 2018

Mexican oil country pins hopes on a rebel

Alejandro Cegarra/Bloomberg

A Pemex oil well in Villahermosa. Poll leader AMLO vows to revive ghost towns in his home state. Investors worry he'll roll back landmark energy reforms

By Amy Stillman

MEXICO CITY
Petroleumworld 05 03 2018

 

OPEC keeps over-delivering on oil production cuts, ouput below 32 mbd in April


Output dropped further in April, led by Iran, Angola, Algeria

By Angelina Rascouet

LONDON
Petroleumworld 05 02 2018

ExxonMobil defends Guyana deal as it pushes for output by 2020

TT Energy Chamber

The Noble Bob Douglas – ExxonMobil Guyana's second drillship is to start drilling the development wells for Liza Phase 1. Tiny South American country is key to arresting Exxon declines. IMF called contract ‘favorable' to Exxon, recommended reform

By Kevin Crowley

HOUSTON
Petroleumworld 05 02 2018

Israel claims proof that Iran lied about nuclear program

Amir Cohen/Reuters

Israeli leader speaks days before U.S. decision on pact's fate. Voices confidence Trump will “do the right thing” on accord. - Israeli Prime Minister Benjamin Netanyahu says Iran lied about its nuclear weapons program -Video

By Amy Teibel, David Wainer, and Michael Arnold

TEL AVIV/JAFFA
Petroleumworld 05 01 2018

Marathon to buy Andeavor in biggest oil refining deal

Bloomberg

Marathon will become the largest independent U.S. refiner with easy access to mexican markets. Offer is a 24 percent premium to Andeavor's share price - Marathon to become biggest U.S. refiner after buying Andeavor - Video

By Laura Blewitt

HOUSTON
Petroleumworld 05 01 2018

 

 

 

 

 

 

 


 

 

 

TOP

Editor &
Publisher:Paul Ohep Fitzgerald./
Contact Email: editor@petroleumworld.com

Contact:
editor@petroleumworld.com/ phone: Office
|
(58 212) 635 7252,
or Cel (58 412) 996 3730 / (58 414) 276 3041 / (58  412) 952 5301


CopyRight © 1999-2010, Elio Ohep F.- All Rights Reserved.
Legal Information

- CCS Office Tele
phone/Teléfonos Oficina: (58 212) 635 7252

PW in Top 100 Energy Sites


Technorati Profile


CopyRight © 1999-2010, Elio Ohep F. - All Rights Reserved.

This material may not be published, broadcast, posted online, rewritten or redistributed by any type of means, except with permission of the author/s

The information in this web site is proprietary and is protected under United States and International Copyright and Trademark laws. No part of this web site may be reproduced or transmitted in any form by any means whatsoever,
except with permission of the author/s
..

Petroleumworld encourages persons to reproduce, reprint, or broadcast
Petroleumworld articles provided that any such reproduction identify the original source, http://www.petroleumworld.com or else and it is done within the fair use as provided for in section 107 of the US Copyright Law.
If you wish to use copyrighted material from this site for purposes of your own that go beyond
'fair use', you must obtain permission from the copyright owner.
Any use of this site or its material, in any form, without the express prior written consent of the author, is prohibited by law and is subject to legal action.
Legal Information

Top 100+

Technorati Profile
Fair use notice of copyrighted material:

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.
We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.
Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use',
you must obtain permission from Petroleumworld or the copyright owner of the material.