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TOP NEWS


 

 

 

Iran oil sanctions impact update: Cepsa's Last Cargo; Korea to Zero

Ali Mohammadi/Bloomberg

With less than a month to go before they come into force, U.S. sanctions on Iran's oil exports have forced buyers to turn away.

By Julian Lee and Irene Garcia Perez

LONDON
Petroleumworld 10 18 2018

On November 4, U.S. sanctions on Iran are due to enter into force with the aim of driving down the Persian Gulf nation's oil exports and upend the global oil market. Combined exports of crude and condensates, a light form of oil extracted from gas fields, has already dropped by around 40 percent since April, the last month before the renewed curbs were announced .

Permian drillers are selling WTI Light a new lighter crude oil grade


Sales of West Texas Intermediate Light, or WTI Light, started in September

- WTI Light crude being used for blending into other varieties
- Sales began in September, will move on multiple pipelines

By Sheela Tobben and Catherine Ngai

HOUSTON
Petroleumworld 10 18 2018

There's a new kind of oil coming out of West Texas.

Oil producers in the Permian Basin have started selling a new stream of light crude, said people familiar with the matter, securing a market for the increasingly less dense oil being pumped from the largest U.S. shale play.




Days' View

 

 

Liam Denning / Bloomberg: Gasoline supply not enough to cut pump prices


Justin Sullivan/Getty

Pump prices are stubbornly high just ahead of the midterms,
despite a surge of fuel in storage.

 

 

 


NEWS HEADLINES

Thursday Oct. 18, 2018

Mayra P. Saefong / MarketWatch - Oil Thursday tallies a two session decline of more than 4%

Alexandra Ulmer / Reuters - PDVSA management in another shakeup as oil production continue to fall : sources

Reuters - OPEC chief says Saudi Arabia has assured there will be no crude shortage

G. McWilliams and H. Gloystein /Reuters - Exxon bets big on China LNG, sidesteps trade war

Clyde Russell / Reuters - U.S. energy exports to China downhill as Trump trade war bites

John Kemp / Reuters - Oil weapon is a double-edged sword

Nichola Groom and Timothy Gardner / Reuters - U.S. states opposed to offshore drilling find hope in Interior Secretary's words

Diego Ore /Reuters - Mexico's next government faces bind in Pemex ethane Braskem-Idesa deal

Carla Bridglal /TT Newsday - Petrotrin moves to become Heritage Petroleum Company Ltd.

Denis Chabrol /Demerarawaves - Guyana president takes charge of oil and gas sector; Harmon not required to meet with oil company executives

Alex Lawler / Reuters -Oil slips below $80 Thursday on rising U.S. stockpiles



 


 

PRICES


Real time prices by Bloomberg


 

Updated: Oct. 19, 2018 06:50 GMT

(Closing prices)

10/18

OPEC Basket
$78.25
-1.25
Mexico Basket
$73.71

-0.84

Venezuela Basket *
$74.63
-1.27

10/18

ICE Brent
$79.29

-0.76

NYMEX WTI
$68.65

-1.10

NYMEX Natural Gas
$3.19

-0.13

USD/MXN Mexican peso
19.09

EUR/USD

1.14
10/19 USD/ Bs.S (Bolivar Soberano)
180.00
Parallel Market

* Venezuelan basquet average weekly price

TOP NEWS

Oil, debt and Iran: weapons in any U.S.-Saudi fight over Khashoggi

Chris McGrath/Getty

Play Video: Saudi Economy Still Vulnerable to Oil Prices Shocks, Emirates NBD's Haque Says

- Efforts to calm tensions over critic's disappearace underway
- Analysts see little upside from a sustained confrontation

By Lin Noueihed, Zainab Fattah, Anthony Dipaola, and Mark Niquette

CAIRO/DUBAI/NEW YORK
Petroleumworld 10 17 2018

Venezuela is overdue in a $7 billion bond, maybe on this one will pay


Venezuela is $7 billion overdue, but likely to pay this bond

- Principal, interest payment on 2020 bond is due on Oct. 27
- Notes are backed by Citgo, increasing stakes for Venezuela

By Patricia Laya

CARACAS
Petroleumworld 10 17 2018

Saudis vow to retaliate and threat to use oil as a weapon

Reuters

Political tension between the U.S. and Saudi Arabia may have the potential of spilling over into global oil markets. Saudis Begin Internal Probe Into Khashoggi Disappearance. Trump send Pompeo to Saudi Arabia as King denies Khashoggi link - Video -

- Riyadh vows to retaliate to any measures using economic clout
- Market is skeptical Saudis would actually use oil as weapon

By Javier Blas

LONDON
Petroleumworld 10 16 2018

Brazil's Bolsonaro leading and moving far apart over leftist candidate

Cris Faga/NurPhoto

During a rally in support of Bolsonaro on Paulista Avenue, the main highway of Sao Paulo.

- Jair Bolsonaro has 18 percentage-point lead over Haddad
- Haddad's rejection rating 12 points higher than Bolsonaro's

By Bruce Douglas

BRASILIA
Petroleumworld 10 16 2018

PREVIOUS TOP NEWS

 

NEWS HEADLINES Wednesday Oct. 17, 2018

Mayra P. Saefong / MarketWatch - U.S. oil ends below $70 a barrel Wednesday as inventories continue to rise

Reuters - Venezuela looking at banking in Asia, Europe - official

Reuters - Petrobras, China's CNPC sign accord advancing JV

K. Strohecker, A. Cooper, R. Carvalho /Reuters -Rising oil turns up heat on vulnerable emerging economies

N. Verma and P. Mukherjee / Reuters - OPEC urges oil producers to ramp up investment amid shrinking spare capacity

Reuters -Trump cannot bring oil prices down by "bullying" - Iran

N. Verma and P. Mukherjee / Reuters -India oil demand to rise by 5.8 mln bpd by 2040 - OPEC

D. Alire G. and M. Parraga / Reuters - Mexico's AMLO pushes big oil to hurry, but offers little

Azard Ali / TT Newsday - Petrotrin still owes A&V $84m - lead attorney for A&V

Kaieteur News - Raphael Trotman, Natural Resources Ministry still has active role in Energy Sector

Christopher Johnson / Reuters - Oil prices fall Wednesday ahead of U.S. crude stocks data

Tuesday Oct. 16, 2018

Mayra P. Saefong / MarketWatch -Oil finishes higher Tuesday on U.S.-Saudi tensions, concerns over tighter crude supplies

C. Denina and D. Afanasieva /Reuters - Cepsa IPO to the freezer, could jeopardise other energy listings

Reuters - PDVSA preparing $950 mln payment on 2020 bond -sources

Gabriel Stargardter / Reuters - Brazil far-right candidate Jair Bolsonaro could revise pre-salt oil contracts

John Benny / Reuters - With oil prices around $80 offshore drillers eye recovery by 2020

John Kemp / Reuters - Funds traders continue profit-taking as oil prices easy

Alex Lawler / Reuters - Iranian oil exports down further as Trump's sanctions near

Maina Waruru / Thomson Reuters Foundation - Crowdfunded solar panels could help many rural people across Africa

LoopTT - NGC CNG to sponsor in TT conversion of 1000 taxis, maxi taxis from January

Svetlana Marshall / Guyana Chronicle - Guyana, Canadian Province of Newfoundland and Labrador sign oil and gas cooperation pact

Christopher Johnson / Reuters - Oil falls Tuesday on U.S. shale output, expected stocks data

PW PREVIOUS NEWS HEADLINES

Venezuela- México-Bolivia-Perú-Colombia-Ecuador- Brasil

 

 

 

 

 

Weekend

 

Editorial- Commentary

 

The Editorial Board / NYTimes :
The world needs answers on Jamal Khashoggi

 

Osman Orsal/Reuters

And President Trump should lead the way in demanding them.

 

 

 

Opinion

 

Maria Fenech / Times of Malta: The meaning behind
‘crude oil forecasted to reach $100'

 

$100/b oil: so near, yet still so far

 

 

 

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Issues
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The Trial
of the Century

Is the U. S. federal
government violating the constitutional right to a livable planet?

 

Nobel Peace Prize

 

Venezuela's
human cost

 

Petrotrin's capital

EDITORIAL

The Editorial Board / NYTimes : Russia's spies, foiled again

 

Peter Apps /Reuters:An imperfect U.N. is still the world's best hope

 

Roger Cohen/ NYT: Democracy will still surprise us


June/July 2018

OPINION

Editorial / Bloomberg : Brazil's depressing election



Liam Denning / Bloomberg: Nuclear power's big problem isn't that it's nuclear

 

Prime Minister Dr Keith Rowley : Reinventing Petrotrin

 

LAGNIAPPE

 

Daniel Finkelstein / The Times : Second referendum and the Brexit deadlock

 

Raphael Tsavkko Garcia / FP: Brazil's closed -door policy

 

Simon Flowers/ Wood Mackenzie: Guyana - a new planet in oil's solar system

 

DAY'S VIEW

Shannon K O'Neil / Bloomberg: What Latin America should tell China about Venezuela

Faye Flam / Bloomberg: Bet on carbon capture
(but not only on carbon capture)

 

Noah Smith / Bloomberg: How Nigeria
can escape the natural-resource curse




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