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France uses strategic oil reserves to counter oil workers refinery blockade

AFP

Strike-hit France dips into fuel reserves

PARIS
Petroleumworld.com 05 26 2016

France has started using its strategic oil reserves for the first time since 2010 to counter union blockades of its refineries, the French oil industry federation said on Wednesday. - story

Pemex and Lukoil discusses potential business opportunities


Pemex discusses potential business opportunities with Lukoil

MEXICO CITY
Petroleumworld.com 05 26 2016

The chief executives of Mexican state oil company Pemex and Russian oil major Lukoil on Tuesday discussed potential joint business opportunities and the possibility of future cooperation, Pemex said on its Twitter account. - story

 


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Editorial Commentary


Noah Smith: A socialist revolution can ruin a country



Masses of Venezuelans are starving and the government
prioritizes arming “criminals” on motorcycles and corrupt
army officers over feeding people.




Lagniappe


Nothing is clear in Brazil's murky political crisis

 


Editor's Mail


We invite all our readers to share with us their views
and comments about the articles on this site.


Write to
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PRICES:
Updated: May 26, 2016 08:00 GMT

05/24

OPEC Basket $44.02 -0.05
05/20 Venezuela Basket* $37.87 +2.59
05/20 Venezuela Basket** $28.70 +0.47
05/25 Mexico Basket $40.42 +0.80

05/25

ICE Brent $49.74 +1.13
05/25 NYMEX WTI $49.56 +0.94
05/25 NYMEX Natural Gas $1.99 +0.01
05/26 USD/BsF *** Bsf. 1.032 Parallel
05/26 Euro/USD 1.11.71

07:59 GMT

Closing daily oil prices: average weekly price*/ Average price for 2016**
Forex: USD/Bsf Average Cucuta's price ***



WEEK'S TOP HEADLINES

Strike by french oil workers shut down at least five refineries

AFP

Pickets at the Fos-sur-Mer refinery on 23 May 2016.
French strike hits refinery output in labour reform showdown.

MARSEILLE/PARIS
Petroleumworld.com 05 25 2016
- story

Trinidad and Tobago and Venezuela ink a final agreement to develop joint gas fields


T&T and Venezuela sign historic energy agreement/CNC3


PORT SPAIN
Petroleumworld.com 05 25 2016
- story

OPEC deb-ridden countries pushing for crude cuts to repay debt

Reuters/Isaac Urrutia

Oil pumps are seen in Lake Maracaibo, in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela, March 20, 2015.

LONDON
Petroleumworld.com 05 24 2016
- story

Brazil's minister Fernando Coelho with toughest job; energy and mining industries


New Brazilian energy minister Fernando Coelho Filho meets power sector representatives

RIO DE JANEIRO
Petroleumworld.com 05 24 2016
- story

Crude oil inventories with little impact on prices


Why brimming oil inventories aren't crashing

LONDON
Petroleumworld.com 05 23 2016
- story

Chevron CEO John Watson: Interview by Charlie Rose -see video

The Chevron chief discusses oil's wild ride, fossil fuels' future, Venezuela, and his company's $19 billion legal battle in Ecuador.

NEW YORK
Petroleumworld.com 05 23 2016
- story

Nigeria oil exports at Exxon Mobil's Qua Iboe terminal in doubt


ExxonMobil declared force majeure on Nigerian Qua Iboe crude oil as an accident in its drilling rig damaged the oil pipeline last week.

NEW YORK/YENAGOA, Nigeria
Petroleumworld.com 05 20 2016
- story

Argentina incentivizing domestic natural gas production


Vaca Muerta developments were Argentina will guaranteeing the price for any unconventional gas, as well as conventional gas from discoveries made after January 2013.

SANTIAGO
Petroleumworld.com 05 20 2016
- story

Venezuelans demand a recall referendum to end Maduro rule

 

Anti-Maduro protesters face-off with Venezuelan police, Wednesday, May 18, 2016

CARACAS
Petroleumworld.com 05 19 2016
- story

Argentina continue buying Nigerian medium crude oil


Argentina refiners buy Nigeria crude, 2nd foreign cargo this year

HOUSTON/BUENOS AIRES
Petroleumworld.com 05 19 2016
- story

Canada's wild fires restart plans thwarted as oil sands fire threat returns


See video

CALGARY
Petroleumworld.com 05 18 2016
- story

Pedro Parente, ex Bunge BR CEO to Petrobras as CEO this week, sources say


Petrobras to appoint Parente CEO as early as Friday, sources say.

SAO PAULO/BRASILIA
Petroleumworld.com 05 18 2016
- story

Oil price rise due to major oil exporters Nigeria, Venezuela in crisis


Oil rises to six-month high as Goldman sees demand above output

SINGAPORE
Petroleumworld.com 05 17
2016- story

Petrobras implosion takes a major player from FPSO market


Petrobras is the biggest player in the sector: it has more than 50 floating production units (mostly FPSOs) at various stages of planning.

MONTEVIDEO
Petroleumworld.com 05 17 2016
- story

Iran's oil sector returns to form


BP opens an office in Tehran this summer, a familiar political scene in Iran will also open.

HOUSTON
Petroleumworld.com 05 16 2016
- story

Venezuela towards a meltdown - U.S.officials


Looting sweeps venezuela as hunger takes over

WASHINGTON
Petroleumworld.com 05 16 2016
- story

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ISSUES...

Inside, confidential,

off the record

Bernie and Venezuela



How does Bernie Sanders
look at Venezuela and think,
"I'm going to get
socialism to work"?

PDVSA CITGO in Aruba

Adieu to Al Naimi


Washington's wildest party


MX Deep Water

A third way?

El Salvador cease fire


 
ISSUES... alll articles

Click on issues


EDITORIAL

Moises Naim: Venezuela:
A dictatorship
masquerading
as a democracy


Bloomberg View's:
Venezuela's military
needs to get out
of business

 

Kevin Allison:Exxon
Mobil reaches bottom
of the oil barrel

 

Edward Chancellor: Oil prices don't need a Doha to rise

 

Leonid Bershidsky:
Putin's Panama Papers

 

Thee Dialogue:The
Tumultuous Road
to Rio 2016:
Countdown Amid Crisis


Julian Lee: Saudi oil gambit moves to phase two


Kevin Ramnarine:TT: To subsidize or not
to subsidize


Arthur Browne: Obama thinks America could learn a few things' about human rights from Cuba

Editorial position


On sale now
New 2013 edition!



We Fedex any
where in the world

LAGNIAPPE


Simon Romero: Brazil's
Temer a conservative

 

Liam Denning:
Halliburton
isn't petrified



Kevin Ramnarine:
Petrotrin alive and kicking

 

Kevin Ramnarine: Ending the recession in 2018 (T&T)

 

Thee Dialogue:The
Tumultuous Road
to Rio 2016:
Countdown Amid Crisis

Paul Ford:What should
we do about big data leaks?


Rory Cellan-Jones: Are electric cars ready to go on mainstream?


Remarks by U.S.
President Barack
Obama to the peopleof Cuba

 



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