Commodities: Oil & Gas for February 5, 2018


TODAY’S CURATED LIST OF HEADLINES


Various PDVSA News

  • How Far Can Venezuela’s Oil Production Fall
    on 2018-02-04 at 19:52

    The reasons for the decline are the same as they have been for quite a while: an economic crisis that is only worsening, no cash for investment or even maintenance, a debt crisis, U.S. sanctions, the politicization of PDVSA and a brain drain from the company. “Unfortunately, these factors are not going … […]

  • Tillerson raises specter of US sanctions on Venezuelan oil
    on 2018-02-04 at 18:14

    … Reuters trade flows data, hurt by sanctions on the OPEC nation. Citing sources, Reuters reported last June that the Trump administration was considering sanctions on Venezuela’s energy sector, including state oil company PDVSA [PDVSA.UL], responsible for most of the country’s exports. REUTERS … […]

  • Venezuela: Former PDVSA Execs Accused of Siphoning Off US$60m
    on 2018-02-04 at 03:56Through various bank statements acquired by the Latin American publication, the newspaper was able to confirm transactions were made under the names of ex-subsidiary director Luis Carlos Leon Perez; former PDVSA Director Eudomario Carruyo, and Francisco Antonio Jimenez, former president of … […]

  • Venezuela’s largest refinery Amuay partially resumes operations
    on 2018-02-04 at 02:37“Amuay is already producing 230,000 bpd,” said Ivan Freites, a union representative for workers of state oil company PDVSA . PDVSA, which manages the installation, did not immediately respond to a request for information. Another Amuay worker confirmed that some units were already running on … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Survey: Oil, gas professionals express optimism for 2018 challenges
    on 2018-02-05 at 07:35Senior oil and gas professionals are expressing optimism for 2018 and are feeling better-prepared for the challenges ahead. Of 813 senior-level professionals surveyed for 2018 by DNV GL, 63% said they are confident about growth in the industry, nearly double the 32% that said the same in the survey a year ago. […]

  • Wolf outlines reforms for Pennsylvania’s environmental permit process
    on 2018-02-05 at 07:30Pennsylvania Gov. Tom Wolf (D) announced plans on Jan. 26 to reform the state’s environmental permit process to reduce application backlogs, modernize processes, and improve oversight and efficiency. Officials from two Pennsylvania oil and gas associations told OGJ on Jan. 29 that they were examining the plan’s potential impacts on their members. […]

  • Trump calls for infrastructure bill in State of the Union speech
    on 2018-02-05 at 07:26US President Donald Trump asked Congress in his 2018 State of the Union address to generate legislation that will produce at least $1.5 trillion to rebuild crumbling US infrastructure. “Any bill must also streamline the permitting and approval process, getting it down to no more than 2 years, and perhaps even one,” Trump added during the Jan. 30 speech. […]

  • The emergence of Mexico’s upstream players
    on 2018-02-05 at 07:22The future is not what it used to be for Mexico’s energy industry. The energy sector is fully open and, in oil and gas, the Mexican regulators, Petroleos Mexicanos (Pemex), and the private sector must learn to work with each other and create value under a common and transparent set of rules for years to come. […]

  • US oil and gas industry eager to build on 2017 successes in 2018
    on 2018-02-05 at 07:16The US oil and gas industry may have entered 2017 not entirely certain whether the new presidential administration would deliver promised policy changes from its predecessor’s climate-centered approach. […]

  • ‘War on American energy’
    on 2018-02-05 at 06:53Factually challenged fact-checking helps explain why the news media have such trouble understanding US President Donald Trump. […]

World Oil – US Onshore

Various Oil & Gas News

  • US crude drops as dollar rises on strong jobs report
    on 2018-02-05 at 06:56Wages also registered the biggest one-month gain since the end of the Great Recession in mid-2009, Kallanish Energy learns. A stronger greenback makes dollar-denominated commodities like crude oil more expensive to holders of other currencies. U.S. West Texas Intermediate crude ended Friday’s … […]

  • Gold, Silver, Copper and Crude Oil Briefing
    on 2018-02-05 at 06:56Brent Crude at 67.75, and WTI Crude Oil at 64.71 have come off again. Brent is likely to move down near term towards 66-65, while WTI Crude Oil holds above 64. There could be some test to 64.00-63.75 near term. Gold (1330.83) indeed moved up to test 1350 on the upside as expected, but faced … […]

  • Energy stocks have room to build on solid start
    on 2018-02-05 at 06:22Those declines came despite a friendlier energy policy by the administration of U.S. President Donald Trump, while investors remained unconvinced a rise of more than 12 percent in WTI crude oil <CLc1> to the $60 a barrel by the end of the year mark would hold. But a combination of factors, including … […]

  • Here’s the official petrol price for February 2018
    on 2018-02-05 at 06:22According to the department, the main contributor to the petrol price drop was the stronger rand, which countered the rising global cost of brent crude oil. “The rand appreciated, on average, against the US dollar (from R13.23 to R12.20 per USD) during the period under review. This led to a lower … […]

  • Brent Crude Oil starting to break major support,watch for drop!
    on 2018-02-05 at 06:10Brent Crude Oil (OANDA:BCOUSD). Get more trading ideas from Tickmill. Follow market experts, get opinions and be heard! Join the largest trading & investing community on the planet. […]

  • Malaysia O&G shares down with broader market
    on 2018-02-05 at 05:48Reuters reported that oil prices on Monday extended declines from the end of last week amid a wider market selloff and a stronger US dollar, with Brent crude falling to its lowest in nearly a month. Other markets dropped as investors were spooked by Friday’s payrolls report from the United States, which … […]

  • Oil Struggles to Persist With Bull Run as US Drilling Expands
    on 2018-02-05 at 05:48Futures in New York are extending declines for a second session as Baker Hughes data showed American explorers last week raised the number of rigs drilling for crude to the highest in almost six months. Short-sellers betting against West Texas Intermediate oil increased their positions for a third week … […]

  • Fuel prices to drop
    on 2018-02-05 at 05:26The average Brent Crude oil price increased from 64.08USD to 69.11 USD per barrel during the period under review. The Crude Oil prices reached a three-year high of $70/bbl several times during January. The comments from OPEC Ministers, including Iran, that they would prefer prices nearer to … […]

  • WTI Crude Oil Price Analysis for Feb 5, 2018
    on 2018-02-05 at 05:03WTI crude oil seems to be done with its climb as it broke below a short-term rising trend line and is completing its retest. Applying the Fib extension tool on the correction shows that price could fall as low as $63.35 per barrel. The 100 SMA is above the longer-term 200 SMA, though, so the path of least … […]

  • Bursa, global markets awash in red
    on 2018-02-05 at 05:03However, it continued to firm up against other major currencies. It strengthened 0.57% against the pound sterling at 5.5012 and 0.18% against the Singapore dollar at 2.9580. Oil prices were also affected by its inverse relationship to the US dollar. WTI crude dropped 63 cents to US$64.82 a barrel while … […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • New Groningen cap may increase Dutch L-gas strain by 220mcm/month
    by hellenicshippingnews.. on 2018-02-04 at 22:00Dutch suppliers may need to secure as much as 220 million cubic metres (mcm) of gas per month from alternative sources to fulfil supply requirements for the remainder of the current gas year, based on a supply void caused by new limits for Groningen natural gas production. This equates to around 7mcm/day of gas which … […]

  • Asian jet fuel margin at 3-year high amid Japan, Korea cold snap
    by hellenicshippingnews.. on 2018-02-04 at 22:00

    Asian jet fuel margins are at their highest in more than two years as Japanese and South Koreans burn more kerosene to fend off the chill of another cold wave about to hit the region. Japan and South Korea are unusual among fully industrialised countries, with relatively widespread use of kerosene as a heating fuel. … […]

  • China Sets The Stage For A Sustainable Oil Refining Sector
    by hellenicshippingnews.. on 2018-02-04 at 22:00Beijing’s refining sector policies may have been riddled with contradictions in 2017, but the government did lay the groundwork for a more balanced and sustainable growth path for the industry. While on one hand, the government tried to curb excess refining capacity and put a lid on oil product exports, on the other, new refinery … […]

  • GLOBAL LNG – March price eases but bitter cold arrests decline
    by hellenicshippingnews.. on 2018-02-02 at 22:00Asian spot LNG prices eased further this week on expectations of reduced buying but plunging temperatures in Japan, South Korea and China prevented a steep price decline. Spot prices for March LNG-AS delivery in Asia fell 20 cents to $10.20 per million British thermal units (mmBtu), according to LNG traders in Asia. This is the … […]

  • How four trading houses are shaking up the LNG industry
    by hellenicshippingnews.. on 2018-02-02 at 22:00Trafigura, Vitol, Gunvor and Glencore are dominating the LNG trading landscape. In 2017, these four firms traded approximately 27 Mt of LNG – an impressive 9% of total LNG sold worldwide. As these four trading houses enter the market alongside large buyers and portfolio players, they start to resemble mini-portfolio players. Past strategy has been … […]

  • Pemex Refining Head Looks to Mitsui-Led Deal to Help Struggling Business
    by hellenicshippingnews.. on 2018-02-02 at 22:00With its money-losing refineries producing the least fuel in 27 years and only a handful of private partnerships announced since Mexico’s energy reforms, sealing a $2.6 billion venture with Mitsui & Co. will come as a relief to Petroleos Mexicanos. Pemex is a few months away from closing an agreement for the project with a … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Iran Can Boost Output Fast If OPEC Ends Cuts, Oil Minister Says
    by hellenicshippingnews.. on 2018-02-04 at 22:00Iran can swiftly increase production of crude if OPEC decides to scrap limits on global output when the group meets next in June, Oil Minister Bijan Namdar Zanganeh said. The Persian Gulf nation can raise daily production by at least 100,000 barrels within “five or six days” if the Organization of Petroleum Exporting Countries decides … […]

  • Texas shale challenges North Sea crude as world oil benchmark
    by hellenicshippingnews.. on 2018-02-04 at 22:00Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas Intermediate crude futures is far outpacing contracts for London-based Brent crude. As the United States approaches a record 10.04 million barrels of daily production, trading volumes of … […]

  • Exxon sees global oil demand plunging by 2040 under climate regulations
    by hellenicshippingnews.. on 2018-02-04 at 22:00Exxon Mobil Corp said on Friday that it expects global oil demand to drop sharply by 2040 if regulations aimed at limiting the impact of greenhouse gas emissions on climate are fully implemented. Under this scenario, Exxon projected world oil consumption will drop 0.4 percent annually to 2040 to about 78 million barrels per day … […]

  • Crude oil has ‘nowhere to go from here but down,’ says market watcher
    by hellenicshippingnews.. on 2018-02-04 at 22:00Crude just posted its best start to a year since 2006, but some traders say the run is unsustainable. “I’m bearish on crude oil. The production is up over 10 million barrels. That’s the highest level since 1970,” Phil Streible, senior market strategist at RJO Futures, said Thursday on CNBC’s “Trading Nation.” Noting that the … […]

  • OPEC Must Extend Production Cuts to Balance Market
    by hellenicshippingnews.. on 2018-02-04 at 22:00The World Drilling and Production Market Forecast is our key report on the two most-important leading indicators for the industry. In context with OPEC’s decision to extend production cuts until the end of 2018, the report features a detailed outlook on the supply-demand balance influenced by this, covering the period of 2018-2024. Based on detailed … […]

  • The United States Oil Fund’s Returns Are on Fire
    by hellenicshippingnews.. on 2018-02-04 at 22:00This year is proving to be a lot better for investors of the biggest exchange-traded fund that tracks crude oil prices. And it’s being helped by backwardation. The oil market is in a structure where the price of front-month crude futures are more expensive than longer-dated contracts, typical of times when demand is rising and … […]

The Barrel

  • The challenge facing US shale companies as oil prices recover: Produce more crude or more cash?
    by Starr Spencer on 2018-02-05 at 06:10As oil prices recover from the lows of 2014, US shale producers face a choice: continue to invest in record production or start returning cash to investors who helped them weather the downturn. It used to be that investors rewarded US upstream operators that could quickly grow production. More crude output growth per quarter separated […] The post The challenge facing US shale companies as […]

  • Gaspirations: In pursuit of an LNG freight derivatives market
    by Eric Yep on 2018-02-01 at 12:00The commoditization of the global LNG market has had implications across several associated industries, ranging from the gas-fired power sector to seaborne gas transportation. Hence, it came as no surprise that the venerable Baltic Exchange, probably the world’s oldest source of shipping information, set out to build an LNG freight index in January that could […] The post […]

  • Beijing locks sights on green dividend
    by Ross McCracken on 2018-02-01 at 11:30It might seem odd to speak of China’s economy as green when the country is far and away the world’s largest producer and consumer of coal, but there is no question that Beijing is combining industrial and environmental policies in a way that is more radical than most, if not all, Western governments. Moreover, given […] The post Beijing locks sights on green dividend appeared […]

  • JKM reveals three LNG surprises in three years – tightness, correlations and seasonality
    by Marc Howson on 2018-01-31 at 12:00Platts JKM, the benchmark LNG spot price, has revealed three important surprises over the past three years. In 2015, most analysts expected the LNG market to weaken considerably, increasingly de-correlate from oil and reduce seasonality. Three years of JKM analysis counters all three expectations — as well as re-emphasizing the importance of market-based LNG pricing, […] The post JKM […]

  • ‘Uncertainty’ the watchword at US biodiesel conference
    by Wes Swift on 2018-01-30 at 00:01It was just like the old days. In 2015, I attended my first National Biodiesel Conference in Fort Worth, Texas. At the time, the industry — indeed, the entire US renewable fuels sector — faced key questions about its future. Chief among those concerns was when the US Environmental Protection Agency would release the long-delayed […] The post ‘Uncertainty’ the […]

  • Saudi’s Aramco IPO dream could create shale oil nightmare
    by Andrew Critchlow on 2018-01-29 at 14:00Saudi Arabia’s dream of securing a $100bn windfall from the IPO of Aramco may be clouding its judgement. The kingdom needs higher oil prices to entice international investors to buy a stake in the state-owned company, which supplies almost all its crude. Using its OPEC clout to restrict global supplies and pump up the cost […] The post Saudi’s Aramco IPO dream could create […]

Energy and Capital

  • 2018: A Breakout Year for Gold Prices
    by Luke Burgess on 2018-02-02 at 08:00It’s time to get very excited about gold again. 2018 is going to be a breakout year for the yellow metal. Energy and Capital editor Luke Burgess shows you how to get started investing today. […]

  • Chinese Stocks are on Fire
    by Christian DeHaemer on 2018-02-01 at 08:00Emerging markets are becoming more valuable… particularly China. Energy and Capital editor Christian DeHaemer tells you why you must buy this company now. […]

  • Permian Basin Oil Profits
    by Keith Kohl on 2018-01-31 at 08:00Energy and Capital editor Keith Kohl talks West Texas oil and why the Permian Basin is going to be the most important oil region for investors in 2018. […]

  • Buggy Whips and Batteries
    by Christian DeHaemer on 2018-01-30 at 08:00Energy and Capital editor Christian DeHaemer goes all in on the EV market in China. Here’s why it’s outpacing U.S. automakers in the EV rush. […]

  • Investing in China’s Electric Cars
    by Jeff Siegel on 2018-01-29 at 08:00Tesla’s king, but there’s another player making a race for the ultimate electric car stock. Energy & Capital editor Jeff Siegel discusses an overlooked opportunity in electric vehicles… […]

  • The Billion-Dollar Industry I Found on YouTube
    by Alexandra Perry on 2018-01-26 at 08:00This groundbreaking gene-editing method could disrupt the trillion-dollar treatment industry that plagues most Americans, eliminating diseases like cancer, HIV, and Alzheimer’s for good. […]

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Controlling Contract Growth
    on 1970-01-01 at 00:00In this webinar, 30-year project contracts professional, Ian Foster, analyses findings from the recent contract growth industry survey. In his discussion, Ian will address each issue and offer real-world methods that can be applied today to avoid these problems on current and future projects.Learn […]

  • Why is oil and gas so slow to upgrade?
    by Oil & Gas IQ News on 2018-02-05 at 11:58Hexagon PPM has been undertaking deep research into the progress of the oil and gas industry in its journey to transform into a digitised industry – one that embraces new technologies that include cloud computing, augmented reality, 3D printing and artificial intelligence.The results of the current […]

  • Infographic: Digital transformation for oil and gas
    by Oil & Gas IQ Surveys on 2018-02-05 at 11:58Survey reveals what’s important to the industryIn this infographic, OpenText and Oil & Gas IQ take a look at how the industry is progressing on the digital transformation journey. Following a survey of almost 400 oil and gas professionals, we discover what matters most to those seeking new […]

  • Oil &amp; Fuel Theft – Global Report
    by Oil & Gas IQ News on 2018-02-05 at 11:58Global oil and fuel theft is an underreported and relatively unexplored issue, but it is one that is causing untold threat to local and regional prosperity and stability. The problem is both broad and systematic, impacting operations in upstream, midstream and downstream. In some nations the issu […]

Arabian Oil And Gas  – News