Weekend

 

 

 

 

 

Petroleumworld's
Opinion Forum

Viewpoints on Energy, Geopolitics, and Civilization

 

 

Editorial/Commentary

Howard LaFranchi / The Cristian Science Monitor:
How strong a Europe does US want? In Trump era, that's still the issue

Pablo Martines Monsivais /AP


In Trump's interactions with NATO allies, the blunt talk,
often-poor chemistry, and awkwardoptics grab headlines.
But the underlying dichotomy of US policy goals in Europe has a familiar ring.

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Opinion

 

J. Lemire and J. Colvin/AP: President Trump kicks
off NATO Summit by claiming Germany is ‘controlled' by Russia

 

Time.com

President Donald Trump claimed a pipeline project has made Germany “totally controlled”
by and “captive to Russia”, Trump said at breakfast with NATO Secretary-General Jens Stoltenberg -Video -Trump at NATO summit: ‘Germany is totally controlled by Russia'

 

 

Lagniappe

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Gwladys Fouche and Alister Doyle / Reuters
As Arctic warms, reindeer herders tangle with new industries

 

Photo essay by Reuters/Stoyan Nenov

16 Jun 2018 . Finnmark Plateau, Norway. Reindeer walk on the Finnmark Plateau.

Average temperatures in the Arctic region have risen more than 2 degrees Celsius (3.6°F) since pre-industrial times,
twice as fast as the world average, according to research for the intergovernmental Arctic Council.

 

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
07/20	Mexico Basket	$65.20	+0.88
06/20	Venezuela Basket *	$65.50	-3.39
07/20	ICE Brent	$73.07	+0.49
07/20	NYMEX WTI	$70.46	+1.00
07/20	NYMEX Natural Gas	$2.75	-0.02
07/20	USD/MXN Mexican peso	19.02	Live data
07/20	EUR/USD	1.17	Live data
07/20	USD/VBO	3.300.000	Parallel Market

*Average weekly price