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TOP NEWS

 

 

 

 

Saudi king Abdullah is dead, succeeded by Prince Salman 

AFP/Hassan Ammar

Saudi King Abdullah addresses the closing session of the Arab Summit in Riyadh on March 29, 2007

MANAMA/RIYADH
Petroleumworld.com, Jan 23, 2014

Saudi Arabia's King Abdullah bin Abdulaziz Al Saud died on Friday and was succeeded by his half-brother Salman on the throne of the world's biggest oil exporter. - story

Oil drill and exploration to colapse under lower oil prices

CHICAGO
Petroleumworld.com, Jan 23, 2014

Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.- story




Lagniappe


Maria Bartiromo: $100-a-barrel
oil 'never' again - Saudi prince

 

 

Sputnik: What impact will future
Saudi succession have on oil prices?

 

 


Editor's Mail

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


Write to
editor@petroleumworld.com

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OIL PRICES:
Updated:Jan 23 2015 09:20 GMT

01/22 OPEC Basket: $43.05

01/16 Venezuela Basket:* $39.19

01/16 Venezuela Basket:** $41.33

01/22 Mexico Basket: $38.18

01/22 NYMEX Natural Gas:
$2.835

01/22 ICE BRENT: $48.52 NYMEX WTI: $46.31

01/22 (Parallel Transf***) BsF/US 181.50- BsF/€205.00

01/23 FX 1 Euro=$1.1276 US dollars 09:16 GMT

Closing daily prices / average weekly price*
Average price for 2015* */ Average Cucuta's price ***.
Martin Luther King Jr. holiday ****


WEEKS' HEADLINES

Halliburton vs Schlumberger head to head for market share

HOUSTON
Petroleumworld.com, Jan 22, 2014
- story

PDVSA CITGO off the auction block, plan $2.5 billion debt issue

NEW YORK/CARACAS
Petroleumworld.com, Jan 21, 2014
- story

Iran sees 'No threat' from oil prices at $25

AFP / Behrouz Mehri

Iran's Oil Minister Bijan Namdar Zanganeh delivers a speech during the marking of the 50th anniversary of the establishment of the Islamic republic's national petrochemical company in Tehran today.

TEHRAN
Petroleumworld.com, Jan 20, 2014
- story

Harvest asks for arbitration after
Venezuela refuse sale in PDVSA Petrodelta

HOUSTON
Petroleumworld.com, Jan 19, 2014
- story

Schlumberger cuts 9,000 jobs on low oil prices

AP / Pat Sullivan

Representative from the Schlumberger oil service company said it is to cut 9,000 jobs in response to lower oil prices and a reduction in anticipated exploration and production by oil companies.

MOSCOW
Petroleumworld.com, Jan 16, 2014
- story

Maduro, Putin to discuss global oil prices, bilateral projects

Presidencia/Marcelo Garcia

Kremlin spokesperson said that Venezuelan President and his Russian counterpart will discuss bilateral projects and oil prices during their Thursday meeting in Moscow.

MOSCOW
Petroleumworld.com, Jan 15, 2014
- story

Breakeven and shut-in prices for wells decisive for oil production

NEW YORK
Petroleumworld.com, Jan 14, 2014
- story

U.S. oil storage trade is back - bigger than ever

NEW YORK
Petroleumworld.com, Jan 13, 2014
- story

OPEC price intensifies as oil falls below $50

AFP/Getty Images

$100-a-barrel oil 'never' again - Saudi billionaire owner of Kingdom Holding Company Prince Alwaleed bin Talal, center, speaks to the media during a press conference in Obhor on Nov. 4 2014.

SINGAPORE
Petroleumworld.com, Jan 12, 2014
- story

Mexico proposes to loosen export ban with oil swap with US


U.S. crude oil exports reached as high as 376,000 barrels per day (bpd) in October, up 27,000 bpd from the month prior, according to data from the U.S. Census Bureau released Friday-Reuters.

MEXICO CITY/HOUSTON
Petroleumworld.com, Jan 09, 2014
- story

Oil at $40-a-barrel range, close to“an
absolute price floor,” Astenbeck Capital

HOUSTON/ NEW YORK
Petroleumworld.com, Jan 08, 2014
- story

How oil at $50 per barrel changes almost everything

NEW YORK / LONDON
Petroleumworld.com, Jan 07, 2014
- story

Saudi Arabia apply brakes raises oil price for Asian buyers

DUBAI
Petroleumworld.com, Jan 06, 2014
- story

Trinidad & Tobago show a 2%
increase in oil production in Q4 2014

TT-MEE

"We expect oil production in 2015 to be slightly higher than what obtained in 2014.” - Energy Minister Kevin Ramnarine

PORT SPAIN
Petroleumworld.com, Jan 05, 2014
- story

With crude prices now testing $50,
oil companies face new realities



On Dec 30, 2014 a barrel of WTI when for around $54. Just in July, it was going for over $100/barrel, and prices hit a high of $140/barrel in 2008

NEW YORK
Petroleumworld.com, Jan 05, 2014
- story

Petrobras scandal could haunt Brazil's Rousseff


The arrests include top executives of companies which had contracts with Petrobras. President Rousseff chaired
Petrobras board from 2003 to 2010.

RIO DE JANEIRO/BRASILIA
Petroleumworld.com, Jan 05, 2014
- story

Happy New Year, we hope this 2015
brings happiness for the entire world

Reuters/Keith Bedford

Revellers toss confetti over Times Square, New York City, from a hotel after the clock
struck midnight during New Year's Eve celebrations in New York January 1, 2015.

Oil prices on free fall as OPEC battles supply glut



SINGAPORE
Petroleumworld.com, Dec 31, 2014
- story

Bond holders pushing for a Petrobras default



SAO PAULO /NEW YORK
Petroleumworld.com, Dec 30, 2014
- story

New canadian oil to U.S. gulf puts
Latin American producers on the spot


HOUSTON/CALGARY
Petroleumworld.com, Dec 29, 2014
- story

 

 

 Trinidad &Tobago Brazil

 

PW PREVIOUS WEEK'S HEADLINES

TODAY'S WORLD OIL HEADLINES



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Port Spain, Trinidad
January 26th and 27th 2015




Mexico Gas Congress
February 24-26, 2015






WGC Paris, June, 2015
ow.ly/ziUh0

 

LAGNIAPPE

William Pesek : Cheap oil
is rich opportunity for Asia

Jeffrey Goldberg: How to
tell whether
Obama did
the right thing on Cuba

Jeremy M. Martin & Alexis
Arthur: Latam 2014:
Top energy stories

Geoffrey Smith:
The ruble's collapse is
disastrous for Putin -
and bad for you too

Anatole Kaletsky:
Why oil companies
shouldbe a lot more
profitable than they are



The Gas Industry
in Venezuela

by The National
Engineering Academy
(Spanish)


EDITOR'S MAIL

Venezuela risks
default if Chavez
wins

Suggestions,
collaborations are
welcome write to us :
editor@
petroleumworld.com


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or Cel (58 412) 996 3730 / (58 414) 276 3041 / (58  412) 952 5301


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