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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

 

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

 

 

 

 

 

 

 


 

 

 

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