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TOP NEWS

Saudi Arabia in doubt if more oil it's needed to please Trump


Initial plans for record July crude output are dialed back. The kingdom says it won't oversupply the global market. -Play Video- Saudis Try to Stop the Oil Slide

By Grant Smith and Javier Blas

LONDON
Petroleumworld 07 20 2018

Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production -- only to discover that global markets might not yet need it.

Oil's services companies looking overseas beyond shale boom

Halliburton

International growth is forecast to double by year's end. Baker Hughes, Schlumberger to kick off oil-servicer earnings. -Play Video - Big Oil Is Giving Out America's Fattest Paychecks

By David Wethe

HOUSTON
Petroleumworld 07 20 2018

The world's biggest oilfield-service companies may have finally found something to talk about beyond the U.S. shale boom.

The oil explorers they serve are forecast to boost spending for a second straight year. While North America will gain the most, jumping an estimated 14 percent in 2018, international spending is rising much faster than expected at the start of the year, said James West, an Evercore ISI analyst.

 

NEWS HEADLINES

Friday, July 20 2018

Jessica Resnick-Ault/Reuters -Oil strengthens late Friday as dollar slips to four-day low

Reuters -Argentina President Macri announced natural gas auctions to begin in August

Brendan Pierson/Reuters -U.S. judge dismissed New York City vs big oil majors climate lawsuit

Collin Eaton/Reuters -Canada send largest oil shipment from Vancouver to China since 2015

J. S. Cobb and N. Bocanegra /Reuters - Ecopetrol spends big to boost output, reserves

Scott DiSavino /Reuters -China decline on U.S. LNG exports as trade war escalates

J. Renshaw, S. Kelly /Reuters -Good crude oil margins should boost U.S. refiner earnings

Suzanne Sheppard /TT Guardian -How can we fix the forex situation in Trinidad & Tobago?

Denis Chabrol/Demerarawaves -President Jimmy Carter ready to help Guyana on political policies directions

Abena Rockcliffe-Campbell/Kaieteur News -Exxon still evaluating other uses of Guyana's associated natural gas from offshore oil reservoir

Aaron Sheldrick/Reuters -Oil prices rise Friday, but still set for weekly drop on oversupply, trade worries


OIL PRICES

Real time prices by Bloomberg

Updated: July 20, 2018 23:59 GMT / closing prices

07/19

OPEC Basket
$70.91
+0.53
Mexico Basket
$65.20

+0.88

Venezuela Basket *
$65.50
-3.39

07/20

ICE Brent
$73.07
+0.49
NYMEX WTI
$70.46

+1.00

NYMEX Natural Gas
$2.75

-0.02

USD/MXN Mexican peso
19.02

EUR/USD

1.17
07/20 USD/VBO
3.300.000
Parallel Market

*Average weekly price


TOP NEWS

Who's oil will never see the light? Perhaps OPEC

shutterstock

The cartel can no longer assume its untapped reserves will grow in value.

By Liam Deninng

LONDON
Petroleumworld 07 19 2018

Argentina's YPF to sell bonds ending two-month debt drought

Walter Morneo/Bloomberg

About $500 million seen in preliminary discussions with banks. State-controlled oil company sold a stake to GE in March

By Pablo Rosendo Gonzalez

BUENOS AIRES
Petroleumworld 07 19 2018

TODAY'S WORLD ENERGY, OIL, GAS HEADLINES

 

 

 

 

 


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TOP

Contact: editor@petroleumworld.com/Telephone:(58 414) 276 3041

Editor:
Elio Ohep.

Director & Producer: Elio Ohep

Contact: editor@petroleumworld.com

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