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Venezuela’s U.S.-backed opposition
breaking up

Yuri Cortez/AFP

Juan Guaido leader of venezuelan opposition an d recognize by the U.S. and other countries as
legitimate president since January 2019

- Major faction in coalition led by Juan Guaidó withdraws and calls for new leadership after failure to unseat strongman Nicolás Maduro

By Kejal Vyas / WSJ

Petroleumworld 12 07 2021

The political movement the U.S. has backed in Venezuela to challenge the country’s authoritarian government is on the verge of breaking up after a major faction announced its withdrawal on Sunday.

Limetree oil refinery wants bankruptcy shield extended to private-equity backers

Alvin Baez/ Reuters

The installations of the Limetree Bay refinery in St Croix. The federal government shut the operations
after a series of polluting incidents, for which current and previous owners are now being sued.

- The St. Croix refinery says environmental litigation against its current and former owners would distract from its restructuring goals

By Andrew Scurria / WSJ

Petroleumworld 12 07 2021

The bankrupt Limetree Bay oil refinery in the U.S. Virgin Islands asked to halt pollution lawsuits from proceeding against its current and former private-equity backers, saying it can’t afford to be drawn into litigation against them.






PW Days View



Clara Ferreira Marques /Bloomberg:Honduras
Vote Offers Hope in a Tough Neighborhood


Orlando Sierra/AFP

Too young to vote, but not too young to hope.



Xiomara Castro, wife of the leader deposed in a 2009 coup, looks set
to win Honduras’s presidential race. She may be a much-needed partner
for Washington— if she can break with the past.






Updated: Dic. 08, 2021 07:30 GMT (closing prices)


OPEC Basket



Mexico Basket (MME)



Venezuela Basket*




ICE Brent February BRN22




NYMEX Natural Gas January NGF22



12/07 NYMEX Heating Oil January HOF22
10/06 Active U.S. Rig Count (Oil & Gas) **
USD/MXN Mexican Peso
Live data


Live data

USD/Bs. (Bolivar) ***


* Venezuelan basket of crude oil blends average price 2021-Reuters. The Venezuelan oil basket
has not shown any updates since July 2020. ** Weekend report of The total active U.S. rig count.
*** Date value. Sources: MarketWatch, WTRG, Bloomberg, BCV, OPEC, Reuters, Pemex.



U.S. bill puts Mexico electric car investments at risk -Minister

Mexico Mining Forum

Mexico Economy Minister Tatiana Clouthier

By Nacha Cattan and Maya Averbuch / Bloomberg News

Petroleumworld 12 06 2021

Petrobras to cut fuel prices, Bolsonaro says


Petrobras gas station

Reporting by Ana Mano/Reuters

Petroleumworld 12 06 2021


Previous Top News

Daily News

U.S. oil futures settle Tuesday above $70 for first time in nearly 2 weeks

U.S. Boosted Oil and Food Exports in October, as the Trade Deficit Narrowed

Mexican electricity overhaul is hurting investment, EU says

Guyana to train regulators to hold oil companies accountable –Pres. Ali

Oil settles Monday at highest in a week, up nearly 5%, as omicron fears ease


Oil futures fall Friday for a 6th straight week, the longest streak
of declines since 2018

Baker Hughes reports  Friday a 4th weekly rise in a row for U.S. oil-drilling rigs

Venezuela regime paying providers in dollars - sources

Saudi Arabia raises oil prices for Asian and U.S. customers

U.S. says chances of rejoining Iran nuclear deal may slip away

Senior China official says Biden Democracy Summit will be ‘Joke’

Venezuelan vote marred by regime interference -Carter Center

T&T Digital Transformation Plan

Big data can help energy sector, Young tells UN-TT forum

Controversial Ghanaian Professor helping Guyana draft new Oil Fund Laws

Exxon commits US$15B to lowering emissions by 2027 but spending three times the amount in fossil fuel projects in same period


Oil prices settle lower as U.S. reports its first case of the omicron variant of coronavirus

Oil prices on Tuesday suffer steepest monthly decline since March 2020

Venezuela bans virtual winner candidate and calls new election in key state

Trinidad's LABIDCO donates solar Photovoltaic System to La Brea resident

T&T President, PM in Barbados for republican inauguration

Upgraded Guyana's Moco Moco Hydropower Plant will add 700 kW to grid

ExxonMobil’s ramped up production a reckless chase after money – Environmentalist


Oil prices claw back some of Friday’s rout, as traders eye omicron variant, OPEC+ developments

Venezuela's Maduro lashes out at EU vote monitors

UAE: Rich Gulf state looking beyond oil

Norway rules out 2022 oil licences in 'virgin areas'

Oil pushes higher as traders weigh Omicron risks, OPEC+ meeting

Gazprom reports record third-quarter profit amid gas surge

Professor Agard: T&T needs zero emissions plan

In T&T Digital Transformation Ministry 'brimming with projects'

Oil potential in Orinduik could rival Liza field – Eco

Guyana’s oil discoveries reignite environment versus development debate

Oil settles down Friday $10/bbl in largest daily drop since April 2020

OPEC+ has excuse to pause oil production increases after COVID variant sparks crude plunge Friday

'No progress' on eve of Iran nuclear talks: UN agency

Honduras: Poor, violent and corrupt

Big flotilla of illegal gold miners splits up in Brazil

Biden sets out oil, gas leasing reform, stops short of ban

Oil plunges 11% Friday as new COVID variant sparks shutdown fears

Moody’s downgrades T&T NGC’s ratings

EPA reviewing insurance coverage for existing oil & gas projects

Liza 1 can safely pump 144,000 barrels per day – EPA Head clarifies


Oil dips Thursday, focus on OPEC+ response to U.S.-led oil release

EU ministers back bloc's Big Tech clampdown

Spanish parliament approves expansive 2022 budget

Mexico's economy shrank 0.4% in Q3: official data

Europe carbon price hits new record

Poland to cut fuel, energy prices to fight inflation

T&T Minister Young meets with Perenco

Environmentalist questions ‘independence’ of Exxon’s Consultant

Yellowtail subsea contract among top 10 global awards for the century – Rystad Energy

Oil ends Wednesday slightly lower as inventories rise, traders await OPEC+ response to reserve release

IEA urges OPEC to take 'necessary steps' to lower oil prices

Markets skeptical as Biden opens spigot on oil reserves

Oil majors 'pocketing the difference' as gas prices surge -Biden

UK aims to put latest energy firm casualty in administration

Many environmentalists back Biden’s move to tap oil reserve

Heritage and Staatsolie explore partnering opportunities

Moody's predicts 5.9% growth for Trinidad and Tobago despite high debt

50 percent of Region’s gas reserves may be left stranded –IDB warns

Draft Local Content Bill calls for near takeover of Guyana oil operations by locals


Oil prices end higher Tuesday after U.S. Strategic Petroleum Reserve release

Explainer: What is the SPR, the emergency oil stash Biden is tapping?

India's release of 5 mln bbls oil from stockpile a 'symbolic gesture'

Woodside's giant Scarborough LNG project may be the last of its type: Russell

U.S. wants more oil, but OPEC+ can't turn on the tap much harder

UN nuclear watchdog chief presses for more access in Iran

PNM plans $60m Tobago's Scarborough waterfront revitalisation project

Ruptured Trinidad Heritage pipeline in Vessigny repaired

Guyana Oil & Gas sector contributes over $50B in taxes

Govt.’s local content demands still unrealistic; will set Guyanese companies up for failure – Int’l Consultant



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by Raul Gallegos


Terrapin Flyer

"Wall Street"

Take risks,
and a break

Growth requires risk taking
and comfort with change.


Latin America
Daily Briefing

The "Summit for Democracy"

Support for Guaidó crumbling

U.S. to restart
Remain in Mexico

News Briefs




Barbados becomes
a Republic

Jamaica's state
of emergency

Climate Change Adaptation for SIDS
at COP26


by Todd Petersen


Anne Applebaum/
The Atlantic:

The Bad Guys
are Winning

If the 20th century
was the story of slow,
uneven progress
toward the victory of
liberal democracy over
other ideologies—communism, fascism,
virulent nationalism—
the 21st century is, so far,
a story of the reverse.


David Stent/Climate Council:
The Challenges In  Pursuit Of A Green Hydrogen Economy


Eduardo Prud'home / NGI: Mexico Gas Market Gears Up for Uncertain Winter Period


The Experiment Podcast - The Atlantic: Forget The Alamo

"Framing the realities
of Latin America”



Hal Brands /Bloomberg:
If Brazil’s Democracy Falters, All Latin America Is in Danger


Clara Ferreira Marques / Bloomberg:
All Our Covid Failures Can Inform the Climate Fight


Shannon K. O'Neil / Bloomberg:
Mexico’s  Energy Grid Risks Fading to Black




Carlos E. Mijares Poyer/
Take the money
and run

For some reason
Jesus Christ threw
the merchants out
of the temple


Video: The State of
The Energy Markets

by Stephen Schork


Talks about Vedanta









This Week
In Petroleum

EIA: Natural gas weekly upd

TT Montly Energy Bulletin


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