Commodities: Oil & Gas for February 6, 2018


Various PDVSA News

    on 2018-02-05 at 23:28PDVSA Petroleos de Venezuela S.A.. Venezuela. Designed a piping of the Cleaning System by extract and diluent in the Furfural Unit Cardon Refinery. Estimated allowed presure drop and velocities in the process system. Regístrate para ver toda la experiencia de JERALDINNE … […]

  • Venezuela Devalues Bolivar More Than 80% in Currency Auction
    on 2018-02-05 at 22:52Despite the dollar drought, until last week authorities maintained a heavily-subsidized rate of 10 bolivars per dollar for buying essential items like food and medicine, from abroad. The state oil monopoly PDVSA also required many of its partners to use the preferential rate when calculating some taxes, … […]

  • Crystallex denied new hearing in lawsuit against Pdvsa…{ not sure if new or old}
    on 2018-02-05 at 21:41… of PPP001 in terminal cancer patients, the first registration trial in the world for smokable cannabinoid-based drug. Logo tetrabiopharma rgb web. Hub On AGORACOM / Read Release. Message: Crystallex denied new hearing in lawsuit against Pdvsa…{ not sure if new or old} Starting to spin again. […]

  • Crude Oil Price Analysis for February 6, 2018
    on 2018-02-05 at 19:30Venezuela has been struggling to rein in the decline of its crude oil production resulting from underinvestment, mismanagement, and, most recently, U.S. sanctions. Last October, crude oil production fell to the lowest level in nearly 30 years, as PDVSA finds itself unable to pay for services rendered by … […]

  • US potential ban on Venezuelan oil may hit Valero hardest
    on 2018-02-05 at 19:18State-owned PDVSA’s U.S. refining arm Citgo Petroleum Corp. has been receiving less and less oil from its holding company as output slumps. “Although production is declining, refinery utilization is down in Venezuela and so it’s kind of keeping exports available to us,” Gary Simmons, Valero’s vice … […]

  • US Considers Cutting Venezuelan Oil Imports
    on 2018-02-05 at 15:22Washington may be nearing a decision on extending sanctions against Venezuela to include imports of Venezuelan crude and exports of U.S. refined products to the troubled South American country. That’s what Secretary of State Rex Tillerson said during a visit to Argentina, adding that “One of the … […]

  • US and Argentina Threaten to Ban Venezuelan Oil
    on 2018-02-05 at 15:03The U.S. has already placed sanctions on several high-ranking Caracas officials as well as a ban on financial dealings with the country and its state oil company, PDVSA. The socialist incumbent was officially named his party’s candidate on Friday, the same day that Tillerson kick-started his week-long … […]

  • Who represents Latin America’s biggest companies?
    on 2018-02-05 at 11:12Amid widespread political unrest and the worst economic crisis in Venezuela’s history, the country’s state-owned oil company PDVSA, and the region’s biggest company for the past two years running, is nowhere to be seen in this year’s rankings as the company failed to release its financial statements … […]

  • Petroleum Paraffin Market Report | Types, Applications, Leading Manufacturers and Development …
    on 2018-02-05 at 10:18This study also contains company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of Global Petroleum Paraffin Market, some of them are CNPC, Sinopec, ExxonMobil, Sasol, Shell, LUKOIL, PDVSA, IGI, … […]

  • China rebuffs US criticism of relations with oil-rich Venezuela
    on 2018-02-05 at 09:00China rebuffs US criticism of relations with oil-rich Venezuela. A general view of the Cardon refinery complex which belongs to the Venezuelan state oil company PDVSA in Punto Fijo, Venezuela, Nov 17, 2016. (Photo: Reuters/Carlos Garcia). 05 Feb 2018 05:15PM (Updated: 05 Feb 2018 06:01PM ) … […]

  • Tillerson raises spectre of US sanctions on Venezuelan oil
    on 2018-02-05 at 08:37“One of the aspects of considering sanctioning oil is what effect would it have on the Venezuelan people?” Citing sources, Reuters reported last June that the Trump administration was considering sanctions on Venezuela’s energy sector, including state oil company PDVSA, responsible for most of the … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Algeria resets path to oil and gas revenue
    on 2018-02-05 at 19:17Algeria plans to amend its hydrocarbon law in a bid to attract foreign investors. […]

  • Greece offers new offshore exploration opportunities
    on 2018-02-05 at 19:12Western Greece is characterized mainly by carbonate rocks and this mineralogical composition reduces the ability to clearly image deep structures even more when they are covered by salt strata. […]

  • Washington governor backs decision to reject Vancouver oil terminal
    on 2018-02-05 at 19:10Washington Gov. Jay Inslee (D) notified the state’s Energy Facility Site Evaluation Council that he agrees with its Dec. 19 recommendation to reject a proposed crude oil rail-to-marine terminal at the Port of Vancouver. […]

  • ExxonMobil to triple Permian production by 2025
    on 2018-02-05 at 19:09ExxonMobil Corp. plans to triple total daily production from its Permian basin operations by 2025 and invest $2 billion in terminal and transportation expansions to support the operations, spurred by changes to the US corporate tax rate and increased low-cost supply. […]

  • Qatar Petroleum, Total join as exploration partners in South Africa
    on 2018-02-05 at 19:08Total SA reported signing an agreement to sell 25% interest in the exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum (QP). The transaction remains subject to regulatory approval. […]

  • Croatia’s INA weighs shutdown of Sisak refinery’s FCC plant
    on 2018-02-05 at 19:07Croatia’s INA Industrija Nafte DD is proposing permanently shuttering the fluid catalytic cracking plant at its 44,000-b/d in Sisak, Croatia, 30 miles south of Zagreb, as part of an organizational strategy to boost performance and competitiveness of its Croatian refining business. […]

World Oil – US Onshore

Various Oil & Gas News

  • WTI Crude (CL) Nearing Daily Chart Upchannel Support
    on 2018-02-06 at 06:56WTI Crude (CL) fell roughly 2% yesterday, slicing beneath uptrend support (on the 4hr chart). CL is now nearing upchannel support (on the daily chart), and may soon see a bit of shortcovering leading into this week’s inventory figures released Wednesday at 1030am EST. Nevertheless, with the … […]

  • Oil prices fall more than 1% amid global market rout
    on 2018-02-06 at 06:22Brent crude futures were at $66.91 per barrel at 11am, down 71 cents, or 1.1%, from the previous close. That was more than $4 below their high-point for 2018, hit last month. US West Texas Intermediate (WTI) crude futures were at $63.46 a barrel, down 69 cents, or 1.1%, from their last settlement and … […]

  • WTI Crude Oil Price Analysis for Feb 6, 2018
    on 2018-02-06 at 05:15WTI crude oil has formed a double top reversal pattern on its 4-hour time frame and is currently testing the neckline. A break lower could confirm that a selloff is underway, possibly the same height as the chart formation. The 100 SMA is above the longer-term 200 SMA, though, so the path of least … […]

  • China chases oil benchmark to knock US off global perch
    on 2018-02-06 at 03:56Although oil demand has shifted toward Asia, the world’s leading benchmarks are still West Texas Intermediate in the U.S. and Brent crude in London. Their position reflects market liquidity and transparency. Dubai crude, a benchmark for Asia, is mainly traded on a spot basis, while futures trading in … […]

  • Oil prices sink more than 1% amid global market plunge, US output spree
    on 2018-02-06 at 02:37Brent crude oil futures were at $66.88 per barrel at 0236 GMT, down 74 cents, or 1.1 per cent, from the previous close and more than $4 below their high … and Russia to withhold production since January last year in order to tighten the market and prop up prices, crude supplies remain relatively ample. […]

  • Oil prices slump 1 percent amid global market rout
    on 2018-02-06 at 01:55Brent crude oil futures LCOc1 were at $66.93 per barrel at 0352 GMT, down 69 cents, or 1 percent, from the previous close. … U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.45 a barrel, down 70 cents, or 1.1 percent, from their last settlement and more than $3 off their 2018-high. […]

  • Oil prices sink 1 percent amid global market plunge, US output spree
    on 2018-02-06 at 01:51SINGAPORE (Reuters) – Crude oil futures extended falls from the previous session on Tuesday, with the Brent benchmark dropping 1 percent as global … Brent crude futures LCOc1 were at $66.95 per barrel at 0148 GMT, down 67 cents, or 1 percent, from the previous close and more than $4 below their … […]

  • Stock sell-off set to intensify in Europe
    on 2018-02-06 at 01:51“Investors have been anticipating a correction for some time now — the last 18 months have been unusually quiet,” said Tai Hui, chief market strategist for Asia in Hong Kong at JPMorgan Asset Management. “It’s a very uncomfortable moment but I would encourage investors to think rationally based on … […]

  • Oil Prices Ravaged By Financial Turmoil
    on 2018-02-06 at 00:00… major investors could expose WTI and Brent to sudden losses. That correction tends to occur when a spate of news goes against existing sentiment. The broader financial system is finally facing some questions after a remarkable bull run, which is magnifying the danger for crude benchmark prices. […]

  • Most Big Banks Are Now Bullish On Oil
    on 2018-02-05 at 23:01Fast forward a year, and these same banks are changing their tune as a new reality sets in: now they are scrambling over each other to issue bullish price forecasts on crude oil. Goldman Sachs was the latest to give up its skepticism and predict that Brent would reach $80 a barrel within six months. […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • LPG’s ‘flipped’ year of summer strength and winter weakness
    by hellenicshippingnews.. on 2018-02-06 at 10:00Through the late summer and into the winter, global markets for LPG have repeatedly defied expectations about seasonal patterns in supply and demand, reversing the usual script by strengthening in summer and weakening in winter, just when prices are typically at their annual peak. Across the US, Europe and Asia, those patterns have been fueled … […]

  • Groningen’s annual production cap to be reduced to 12 bcm per year
    by hellenicshippingnews.. on 2018-02-05 at 22:00Production from the Netherlands’ Groningen gas field seems doomed to be cut again, following the recommendation from mining association Staatstoezicht op de Mijnen (SoDM) that the Dutch Ministry of Economic Affairs (MEA) impose a further output cap on the field. Groningen – Europe’s largest gas field, and once the key swing supplier in winter – … […]

  • Norway’s Troll natural gas field output down 11.0 mil cu m/d: Gassco
    by hellenicshippingnews.. on 2018-02-05 at 22:00Norwegian gas transmission system operator Gassco reported reduced gas flow from the giant Troll field in the Norwegian Sea Monday. Within-day gas volumes are expected to be reduced by 11.0 million cubic meters, with no impact on day-ahead gas. – Troll hit by process problems Sunday – Monday within-day gas affected for 6-24 hours The … […]

  • Asian oil products demand to outweigh refinery capacity by 2025: McKinsey
    by hellenicshippingnews.. on 2018-02-05 at 10:00Asian demand for oil products will outweigh current and upcoming refinery capacity by 2025, Tushar Tarun Bansal, Director at McKinsey, told attendees at S&P Global Platts annual Middle Distillates Conference in Antwerp. In particular, China and India were singled out as two of the largest consumers that will move from a current oil product balances … […]

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

  • 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 … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Supply gap to push Brent to US$75/b in 2019, BMI says
    by hellenicshippingnews.. on 2018-02-06 at 10:00A sustained deficit in the oil market this year from continued production cuts will push the price of Brent to $75 a barrel in 2019, and further up to $78 a barrel in 2020 on a year-on-year average basis, according to BMI Research. “Strengthening prices will elicit a more forceful reaction from US shale and … […]

  • Oil eases, but wards off stocks-style turbulence
    by hellenicshippingnews.. on 2018-02-06 at 10:00Oil fell for a third day on Tuesday, as a rout in global equities triggered losses across bonds, cryptocurrencies and commodities, although the crude price is in positive territory so far this year. Even with Wall Street stocks posting their largest one-day fall since late 2011 on Monday and measures of volatility spiking to multi-year … […]

  • Hedge funds pause oil buying as rally runs out of steam: Kemp
    by hellenicshippingnews.. on 2018-02-06 at 10:00Hedge fund managers have cut their bullish exposure to petroleum for the first time in six weeks as oil prices stalled and sentiment turned more cautious amid concerns about an increasingly crowded trade. Fund managers cut their net long position in the six most important futures and options contracts linked to crude and fuels by … […]

  • The challenge facing US shale companies as oil prices recover: Produce more crude or more cash?
    by hellenicshippingnews.. on 2018-02-06 at 10:00As 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 … […]

  • Brent expected to trade at current levels
    by hellenicshippingnews.. on 2018-02-05 at 22:00Oil price could go up to $80 (Dh294) per barrel in the next six months but it may not sustain at that level, experts said as major investment banks predicted this week that oil could rise further due to healthy demand, drawdown in the global oil inventories and high Opec compliance. Goldman Sachs sees global … […]

  • Permian Seen Second to Saudis for Spare Oil-Output Capacity
    by hellenicshippingnews.. on 2018-02-05 at 22:00The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter. Oil producers in the Permian Basin have at least a combined 500,000 barrels … […]

The Barrel

  • LOOP Sour becomes lighter, more sour for January: In the LOOP
    by Mary Hogan on 2018-02-06 at 08:00The US crude blend LOOP Sour was lighter and more sour in January, according to a monthly assay posted by the Louisiana Offshore Oil Port. As LOOP Sour crude became lighter, LOOP imported 4 million more barrels of Iraqi Basrah Light and 1.5 million more barrels of Kuwait Export crude than in December. Because not […] The post LOOP Sour becomes lighter, more sour for January: In the LOOP […]

  • 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 […]

Energy and Capital

  • Pad Your Wallet Like Big Pharma
    by Alexandra Perry on 2018-02-05 at 08:00Our medical system is broken. Patients are struggling to keep up with expensive treatment options and looking for an alternative. The CRISPR gene-editing method could be this alternative. […]

  • 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… […]

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 2018-02-06 at 12:30Hexagon 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 2018-02-06 at 12:30Survey 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 & Fuel Theft – Global Report
    by Oil & Gas IQ News on 2018-02-06 at 12:30Global 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