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China scores cheap colombian oil as glut deepens

Bloomberg/Paul Smith

An employee drives a golf cart at the Ecopetrol SA oil refinery in Cartagena, Colombia. Colombian oil output increased about 10 percent since 2011 and the nation is seeking sales in Asia to compensate for the weakening in short-haul exports as U.S. production increases, said Bernard Leung, a Bloomberg oil strategist in Singapore.

SHANGHAI
Petroleumworld.com, Oct 24, 2014

China is finding oil supplies 14,000 miles away, aided by the global rout in prices that's left producers vying for new markets. - story

Petrobras scandal revelations rock Brazilian elections


Paulo Roberto Costa, the former refinery chief for Brazil's Petroleo Brasileiro SA who was arrested as part of a money-laundering investigation.

RIO DE JANEIRO
Petroleumworld.com, Oct 23, 2014

When in April 2012 Paulo Roberto Costa was eased out of his job as the refinery chief for Brazil's Petroleo Brasileiro SA (PETR4) , the state-run oil giant, it was treated as a routine shakeup, with Chief Executive Officer Maria das Gracas Foster praising him as a “dear colleague” who would be “hard to replace.” - story

 


Lagniappe


John Nagl : Get ready for Iraq war IV

 

 

Sara Schaffer and Ezequiel Minaya:
Venezuela vulnerable to oil's fall

 

 

 


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OIL PRICES:
Updated:Oct 24, 2014 18:58 GMT

10/23 OPEC Basket: $81.67

10/24 Venezuela Basket:* $75.90

10/24 Venezuela Basket:** $94.15

10/23 Mexico Basket: $77.80

10/23 NYMEX Natural Gas:
$3.622

10/23 ICE BRENT: $86.83 NYMEX WTI: $82.09

10/23 (Parallel Transf*) BsF/US 101.50 -BsF/€128.50

10/24 FX 1 Euro=$1.2666 US dollars 18:57 GMT

Closing daily prices / average weekly price*

** Average price for 2014 / *Average Cucuta's price.



WEEKS' HEADLINES

Total's Margerie a deal-maker and risk-taker

 

PARIS
Petroleumworld.com, Oct 22, 2014
- story

Pacific Rubiales to invest in mexican oil ventures

BOGOTA
Petroleumworld.com, Oct 21, 2014
- story

Venezuela's PetroCaribe to end - Prof. Bryan

PORT SPAIN
Petroleumworld.com, Oct 20, 2014
- story

Crude oil price at $70-75 within months - Gazprom

PORLAMAR, Margarita Island, Venezuela
Petroleumworld.com, Oct 17, 2014
- story

Oil prices puts Venezuela PDVSA projects under pressure - Chevron

PORLAMAR, Margarita Island, Venezuela
Petroleumworld.com, Oct 16 , 2014
- story

Saudi try to slow U.S. oil boon, but output cuts could take a while

NEW YORK
Petroleumworld.com, Oct 15 , 2014
- story

Saudis to tolerate lower oil prices to avoid 1980s mistakes

DUBAI
Petroleumworld.com, Oct 14 , 2014
- story

TT's oil production hits two-year high

Guardian

PORT SPAIN
Petroleumworld.com, Oct 13 , 2014
- story

Halliburton to Shell seen winning with Brazil's Neves


" Petrobras need to be taken out of the hands of the PT
"

RIO DE JANEIRO
Petroleumworld.com, Oct 13 , 2014
- story

 

 

Trinidad &Tobago Brazil


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Pan American Mature
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LAGNIAPPE

Joe Nocera: Putin
shows his hand

Institute of the Americas:
The other side of the river:
Colombia: energy, enviroment and communities

Javier Solana:
Grave new world

Paul M. Barret: The fall
of the house of Boggs

Bruce R. Magid :
Business Schools:
You can't afford to ignore
Latin America anymore

Andrew J. Bacevich:
Obama is picking his
targets in Iraq and Syria
while missing the point

Jeff Fick : Brazil:
subsalt oil
development begins
to make progress



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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