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TOP NEWS

 

 

 

 

 

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

Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that's backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.

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

Ivan Duque, a 41-year-old lawyer and former senator who wants to modify parts of a peace process with Marxist guerrillas and cut corporate taxes, will be Colombia's next president following a decisive election victory on Sunday.

 

 

 

NEWS HEADLINES

Monday, June 18 2018

Luc Cohen/Reuters -Paris deal isolates U.S. from other G20 nations at climate and energy meeting

Reuters -Petrobras says oil output slips, gas production rises in May

Reuters -Baker hughes wk report: U.S. drillers add oil rigs for fourth week in a row

Reuters -Russia and S. Arabia agree OPEC+ format should be extended

Oleg Vukmanovic/Reuters -Asia-Atlantic LNG rivalry spurs spot price to 4-year high

Reuters -Putin discusses extension of OPEC oil produccion deal with his security council

Reuters -Potential Braskem deal btwn Odebrecht, LyondellBasell will be analyze - Petrobras

Chen Aizhu and Florence Tan /Reuters -Venezuela's PDVSA oil exports to China may hit lowest in nearly 8 years

John Kemp/Reuters -Higher oil prices set to moderate and demand growth

Yvonne Webb/TT Newsday -President of the OWTU warns PM on retrenching oil workers

Shaliza Hassanali / TT Guardian -China team in Trinidad & Tobago to sign MoUs in two big projects

Kaieter News -An investigation is necessary into all oil blocks awarded by PPP/C -Former Presidential Advisor

Kaieter News -Guyana should not enter into one-on-one negotiations with other oil companies - Former Pres. Advisor warns

Henning Gloystein/Reuters -Oil falls Monday on threat of China crude tariffs, expected OPEC supply rise



OIL PRICES

Real time prices by Bloomberg

Updated: June 18, 2018 06:00 GMT / closing prices

06/15

OPEC Basket
$72.79
-1.01
Mexico Basket **
$64.34
+0.17
Venezuela Basket *
$65.27
+0.09

06/15

ICE Brent
$73.44
-2.50
NYMEX WTI
$65.06
-1.83
NYMEX Natural Gas
$3.02
+0.05
06/18
USD/MXN Mexican peso
20.67
06/18

EUR/USD

1.15
06/18 USD/VBO
Parallel Market

*Average weekly price

**Price of Mexico Basket is not published today due to the lack
of quotations for the Hari Raya Puasa holiday in Singapore.

TOP NEWS

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

PREVIOUS TOP NEWS


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