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U.S. oil exports go up a gear as VLCC supertanker loads in Louisiana Loop and set sail to China

Reuters

U.S. crude exporting previously made using smaller tankers

By Javier Blas and David Marino

LONDON/NEW YORK
Petroleumworld 02 20 2018

The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that's limited overseas shipments.

Guyana is about to open up Pandora's oil barrel

Andrew Caballero-Reynolds/AFP

Expats hold the key to whether its big offshore oil deposits bring riches -- or ruin.

By Mac Margolis

RIO DE JANEIRO
Petroleumworld 02 20 2018

Wedged between Brazil and Venezuela, Guyana could easily go unnoticed. It has fewer than 750,000 people and a per capita income of $4,300, half the regional average, qualifying it as the hemisphere's third-poorest nation.

 


NEWS HEADLINES

Tuesday, February 20 2018

Reuters -Ecopetrol oil reserves rise 3.8 pct in 2017

Luc Cohen -Argentina hope to change Bolivia's LNG contracts as Vaca Muerta output grows

Gabriel Stargardter -Oil and Venezuela likely to feature on Mexican min's Videgaray visit to Jamaica

Reuters -Colombia coal output down slightly in 2017 to 89.4 million tonnes

John Kemp -Hedge funds cut some bullish positions in oil

Dmitry Zhdannikov -For timing of Saudi Aramco IPO, watch forward oil price curve

Clyde Russell -African Congo's cobalt hopes risk the same ruinous road as Thai rice

Edward Taylor and Markus Wacket -German diesel carmakers in a spin ahead of polluting cars ban ruling

Kaieter News -ExxonMobil contract with Guyana is anti-Constitution–says Ram

Kaieter News -US$500M Guyana-PetroCaribe fraud at GRDB… Investigators track US$5M in demurrage fees

Henning Gloystein -Oil markets mixed Tuesday as U.S crude, Brent move in opposite directions

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OIL PRICES

Real time prices by OilPrice

Updated: Feb. 20 2018, 06:48 GMT / closing prices 1

02/19

OPEC Basket
$62.89
+0.48

02/16

Mexico Basket
$54.74
+0.71
02/16
Venezuela Basket *
$55.91
-2.97

02/16

ICE Brent
$64.90
+0.57

02/16

NYMEX WTI
$61.78
+0.34
02/16
NYMEX Natural Gas
$2.55
-0.2
02/20
USD/MXN Mexican peso
18.53
02/20

Euro/USD

1.23
02/20 USD/VBO
234.000
Parallel Market

*Average weekly price .

1 . Monday's closing prices are not published due to the lack of quotations for the Presidents' Day holiday in the USA.

 

TOP NEWS

Mexico's Ricardo Anaya, second place in polls says he won't be Trump's ‘doormat'

Alejandro Cegarra/Bloomberg

“No more will we turn ourselves into doormats before the U.S. government the way this federal government has done,” Anaya said.

By Nacha Cattan

MEXICO CITY
Petroleumworld 02 19 2018

Venezuela's ex-oil zar Rafael Ramirez, sued by Houston energy firm over bribe demands

Jewel Samad/AFP

Firm alleges associates of former minister solicited payoff. Houston-based energy company says it lost $470 million

By Peter Blumberg

HOUSTON
Petroleumworld 02 19 2018

PREVIOUS TOP NEWS

 
 



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