Seen from space, China's oil demand looks stronger than expected. Satellite data implies refinery use, consumption understated. China's year-to-date oil inventory build at 87m bbls: Barclays.
By Aaron Clark
NEW YORK
Petroleumworld 10 23 2017
Storage data gathered by satellite implies the amount of crude China is putting into storage is below what can be extrapolated from the nation's customs and production data, Barclays Plc analysts wrote in an Oct. 23 note. That means it may be consuming more oil than official data indicate and that the global supply-demand balance is tighter than estimated.
NuStar Energy Terminal, at the north end of tiny St. Eustatius (stalia) in the Caribbean. NuStar's refusal and other details of PDVSA's payment problems emerged after trader Trafigura sought to load a cargo of Venezuelan oil held at Statia
By Marianna Parraga
HOUSTON
Petroleumworld 10 23 2017
Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy ( NS.N ) oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader.
WEEK'S TOP NEWS
Lindsey Janies/Bloomberg
The liquefied natural gas tanker Asia Vision left Cheniere Energy's Sabine Pass export terminal in Louisiana. Texas gas drillers looking to build pipeline to west Mexico. Project could offer cheaper, faster route to Asia markets
By Ryan Collins and Lucia Kassai
HOUSTON
Petroleumworld 10 20 2017
Harvey Hits Heart of Texas Energy Industry. Gasoline has surged as oil platforms, pipelines and refineries were shut in Texas due to Tropical Storm Harvey. Bloomberg's Dan Murtaugh reports on "Bloomberg Markets: Asia." (Source: Bloomberg) -Watch video
By Laura Blewitt
HOUSTON
Petroleumworld 10 20 2017
OIL PRICES
Updated: Oct. 23 2017, 07:45 GMT / closing oil prices
* Average weekly price
NEWS HEADLINES
Monday, Oct. 23 2017
Reuters Staff -Petrobras applies in U.S. to swap environmental fines for services
Alexandra Valencia -Ecuador defends big Yasuni rainforest from Petroamazonas' oil bet
Reuters Staff -Spain's Rajoy to sack Catalan government, call regional elections
Luciano Costa -Cemig fires brasilian business development director, sources say
Nivedita Bhattacharjee, Yashaswini Swamynathan -Baker Hughes Schlumberger, warn of N. America slowdown
Reuters Staff -Brazil to cap stakes in Eletrobras controlling block at 10 pct
Dmitry Zhdannikov and Vladimir Soldatkin -Rosneft to take control of Iraqi Kurdish pipeline amid crisis
Reuters Staff -Kurdistan oil exports down at 216,000 bpd -shipping source
John Kemp -Britain tries price cap legislation for gas and electricity customers
Timothy Gardner -U.S. Congress Democrats fail to block Arctic reserve oil drilling
Henning Gloystein -Oil stable Monday on slightly tighter market, strong demand
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Viewpoints on issues in energy, geopolitics and civilization
Editorial/Commentary
Mary Anastasia O'Grady: Venezuela's latest election fraud
Meredith Kohut/NYT
The regime allowed the phony balloting only to preserve the illusion of democracy.
Opinion
Dr. Kent Moors : A new oil crisis is developing in the Middle East
Yasser Al-Zayyat/AFP
Now, the White House and some in Congress would like the accord to include restrictions on Iranian support of outside groups and a prevention of further ballistic missile development.
Lagniappe
Anadolu Agency/Getty
Catalonia's illegal bid for independence, like the United Kingdom's ill-fated Brexit referendum, amounts to a historical absurdity. After decades of bloodletting in the twentieth century, and in view of competition with economies like the US, China, and India, the need for deeper European integration in the twenty-first century should be obvious.
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