Petroleumworld Top Headlines
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Top Headlines 2017 January/June
Top Headlines 2017 June/December
Top Headlines 2018 Jan- April
Top Headlines 2018 May - Jun
Top Headlines 2018 Jul -Ago - Sep
Top Headlines 2018 Oct -Ago - Dec
OPEC talks end without oil-cuts deal as Russia holds back
Bloomberg
Video: Al-falih calls for equal cut across, the board says no opec consensus yet
- Negotiations to continue with non-OPEC allies on Friday
- Saudi oil minister says he isn't confident there'll be a deal
By Javier Blas, Salma El Wardany, and Elena Mazneva / Bloomberg
VIENNA/LONDON
Petroleumworld 12 07 2018
Hugo Chavez's failed socialist experiment is deadlier than ever
Timothy Fadek
Chávez at a campaign rally in August 1998, months before his landslide victory.
- Twenty years ago, the ex-rebel rose to power in Venezuela and laid the foundation for today's humanitarian crisis.
By David Papadopoulos / Bloomberg
NEW YORK
Petroleumworld 12 07 2018
Video: We're Going to Get a 'Fuzzy Cut' From OPEC, Says Rapidan's McNally
- Preparatory Falih-Novak discussion yields no breakthrough
- U.S. president says the world doesn't want higher prices
By Fred Pals , Nayla Razzouk , and Elena Mazneva / Bloomberg
AMSTERDAN/DUBAI/MOSCOW
Petroleumworld 12 06 2018
Notimex
Andres Manuel Lopez Obrador
- Mexico will wait at least three years before next oil auction
- Foreign oil companies must show they will invest and produce
By Amy Stillman / Bloomberg
MEXICO CITY
Petroleumworld 12 06 2018
Ludovic Marin/AFP via Getty Images
Vladimir Putin and Mohammed bin Salman on Nov. 30. - Video- Saudi Arabia, Russia to Attend Key Output Talks Ahead of OPEC Meeting
- JMMC panel to convene Wednesday ahead of full OPEC+ gathering
- Premature to suggest what the group will agree, Al-Falih says
By Javier Blas, Grant Smith, and Salma El Wardany / Bloomberg
LONDON/CAIRO
Petroleumworld 12 05 2018
Financial Time
We are investing in places that are capable of growth. We're not interested in swapping dollars for production as it is today -Lord Browne.
- Sierra has 40% stake in large offshore discovery called Zama
- German oil and gas producer chaired by former BP chief John Browne to expand foothold in Mexico
By Javier Blas, Grant Smith, and Salma El Wardany / Bloomberg
LONDON/CAIRO
Petroleumworld 12 05 2018
Video: We're Going to Get a 'Fuzzy Cut' From OPEC, Says Rapidan's McNally
- Preparatory Falih-Novak discussion yields no breakthrough
- U.S. president says the world doesn't want higher prices
By Fred Pals , Nayla Razzouk , and Elena Mazneva / Bloomberg
AMSTERDAN/DUBAI/MOSCOW
Petroleumworld 12 06 2018
Notimex
Andres Manuel Lopez Obrador
- Mexico will wait at least three years before next oil auction
- Foreign oil companies must show they will invest and produce
By Amy Stillman / Bloomberg
MEXICO CITY
Petroleumworld 12 06 2018
Ludovic Marin/AFP via Getty Images
Vladimir Putin and Mohammed bin Salman on Nov. 30. - Video- Saudi Arabia, Russia to Attend Key Output Talks Ahead of OPEC Meeting
- JMMC panel to convene Wednesday ahead of full OPEC+ gathering
- Premature to suggest what the group will agree, Al-Falih says
By Javier Blas, Grant Smith, and Salma El Wardany / Bloomberg
LONDON/CAIRO
Petroleumworld 12 05 2018
Financial Time
We are investing in places that are capable of growth. We're not interested in swapping dollars for production as it is today -Lord Browne.
- Sierra has 40% stake in large offshore discovery called Zama
- German oil and gas producer chaired by former BP chief John Browne to expand foothold in Mexico
By Javier Blas, Grant Smith, and Salma El Wardany / Bloomberg
LONDON/CAIRO
Petroleumworld 12 05 2018
Andrey Rudakov/Bloomberg
- MBS's deal with President Putin leaves many details unresolved
- Saudis may opt for vaguely worded deal to appease Trump
By James Herron / Bloomberg
LONDON
Petroleumworld 12 04 2018
Brett Gundlock /Bloomberg
s
Construction of the New International Airport of Mexico City.
- Confirming airport canceled could lead to $6 billion crisis
- Instead, AMLO wants to reach a deal with airport bondholders
By Nacha Cattan and Justin Villamil / Bloomberg
MEXICO CITY
Petroleumworld 12 04 2018
Mikhail Klimentyev/AFP
Vladimir Putin and Mohammed bin Salman on Dec. 1
- Leaders spoke on sidelines of G-20 summit in Buenos Aires
- OPEC president optimistic OPEC+ will reach deal to cut output
By Ilya Arkhipov, Javier Blas and Nayla Razzouk / Bloomberg
BUENOS AIRES/LONDON/MOSCOW
Petroleumworld 12 03 2018
Cesar Rodriguez/Bloomberg
An official places the presidential sash on Andres Manuel Lopez Obrador.
- Lopez Obrador says 'neoliberal' policies generated corruption
- Investors have been concerned he'll seek to undo 2014 changes
By Nacha Cattan and Eric Martin / Bloomberg
MEXICO CITY
Petroleumworld 12 03 2018
Saudi Arabia faces a dramatic choice at OPEC
Simon Dawson /Bloomberg
Oil storage tanks in the Juaymah tank farm at Saudi Aramco's Ras Tanura oil refinery and terminal at Ras Tanura, Saudi Arabia.
- Saudi-Russia meeting at G20 likely to determine OPEC outcome
- WTI crude plunged below $50 a barrel for first time in a year
By Javier Blas / Bloomberg
LONDON
Petroleumworld 11 30 2018
EPA lifts advanced biofuel mandate for 2019 - document
Ting Shen/Reuters
An empty podium awaits the arrival of U.S. Environmental Protection Agency (EPA) Acting Administrator Andrew Wheeler to address staff at EPA headquarters in Washington, U.S., July 11, 2018.
By Humeyra Pamuk / Reuters
WASHINGTON
Petroleumworld 11 30 2018
Oliver Bunic /Bloomberg
- Nation's crude producers comfortable with oil above $50: Fitch
- Tax system, weaker ruble are a hedge against falling prices
By Dina Khrennikova and Olga Tanas / Bloomberg
MOSCOW
Petroleumworld 11 29 2018
BP sees Brazil's new biofuels policy boosting investment
energyworld
“We are very positive. This is a very important signal the country is giving, creating a stable regulatory environment that will allow companies to invest.”
By Marcelo Teixeira / Reuters
SAO PAULO
Petroleumworld 11 29 2018
OPEC expected to cut oil output despite Trump, survey shows
Bloomberg
Video: Oil Rebounds From One-Year Low as OPEC Decision Looms
- Prices have crashed amid booming U.S. output and waning demand
- Thirty-one of 36 analysts predict a deal to curtail supplies
By Grant Smith, Jessica Summers, and Ann Koh / Bloomberg
LONDON
Petroleumworld 11 28 2018
youtube
Mexico made its largest onshore light crude oil and gas discovery in 15 years
- Discovery now exceeds 1 billion barrels of oil equivalent
- Ixachi daily extra light oil output to reach 80,000 barrels
By Amy Stillman / Bloomberg
MEXICO CITY
Petroleumworld 11 28 2018
Andrey Rudakov/Bloomberg
- Oil importers like South Africa, India among biggest winners
- Saudi Arabia and Russia revenues will hurt from price slump
By Enda Curran and Michelle Jamrisko / Bloomberg
HONG KONG/SINGAPORE
Petroleumworld 11 27 2018
local10abc
Citgo Petroleum Corp., one of the largest oil refinery and distribution networks in the United States.
- Crystallex International Corp. received payment in November
- Canadian miner one of many companies vying for Citgo assets
By Patricia Laya and Andrew Rosati / Bloomberg
CARACAS
Petroleumworld 11 27 2018
Sergio Lima/AFP
Jair Bolsonaro
- He'll be third president to seek sale of government reserves
- Exxon Mobil, Shell have shown interest in the area in the past
By Sabrina Valle and Samy Adghirni / Bloomberg
RIO/BRASILIA
Petroleumworld 11 26 2018
President-elect Jair Bolsonaro is pursuing the sale of Brazil's deep-sea treasure-trove of oil, but just weeks after his election he's facing the same political obstacles as his two predecessors.
Brett Gundlock/Bloomberg
The first terminal of the New International Airport of Mexico City (NAICM) stands under construction in Texcoco, Mexico, on Nov. 6, 2018.
- Concern about consultations have sent the peso tumbling
- Methods of the consultation have been widely criticized st
By Justin Villasmil / Bloomberg
MEXICO CITY
Petroleumworld 11 26 2018
Mexico oil and gas rounds on hold, auctions postponed two years
Facebook/Rocio Nahle
Rocio Nahle, incoming energy secretary with president-elect Andres Manuel Lopez Obrador
- Mexico says no new auctions until 2021
By Kathrine Schmidt / Upstream
MEXICO CIY
Petroleumworld 11 22 2018
Is a shale-sized oil boom hiding in Britain's Atlantic bedrock?
Hurricane Energy Plc
Granite outcrops with extensive vertical fracturing sit on the Isle of Harris in Scotland.
- Maverick geologist Robert Trice believes there are billions of barrels of crude ready to drill from granite rock buried under the ocean floor
By Kelly Gilblom / Bloomberg
LONDON
Petroleumworld 11 23 2018
Stefan Wermuth/Bloomberg
Gathering non-OPEC support for extending output cuts for a third year will be challenging
By Julian Lee / Bloomberg
LONDON
Petroleumworld 11 22 2018
Alejandro Cegarra/Bloomberg
Andres Manuel Lopez Obrador (AMLO)
- Pemex bonds now trade at 82 cents per dollar; yields surge
- Crude production is set for its 14th consecutive annual drop
By Justin Villamil and Amy Stillman / Bloomberg
MEXICO CIY
Petroleumworld 11 22 2018
Investors flee oil as stock rout, OPEC doubts turn up pressure
Bloomberg
Worst day of an awful year leaves no corner of market unscathed - video - Bloomberg Market Wrap 11/20: Junk Yield Surge, FANG Trade and S&P 500
- S&P 500 flirts with correction, corporate bonds showing cracks
- Investors looking for havens not finding them in normal places
By Alex Nussbaum and Tsuyoshi Inajima / Bloomberg
NEW YORK/TOKYO
Petroleumworld 11 21 2018
Callaghan O'Hare/Bloomberg
Oil drill pipe casings sit at a drilling site in Reeves County, Texas, U.S., on Aug. 22.
- Total U.S. production rising at fastest pace in 98 years
- Pipeline bottleneck in Texas set to ease by end of 2019
By Javier Blas / Bloomberg
LONDON
Petroleumworld 11 21 2018
Oil holds near $57 as investors weigh OPEC plans and IEA warning
Simon Dawson/Bloomberg
International Energy Agency Executive Director Fatih Birol also warned that reducing supplies may have some negative implications.
- Output cuts may have negative implications: IEA's Fatih Birol
- WTI for January little changed after gaining 0.9% on Monday
By Sharon Cho / Bloomberg
SINGAPORE
Petroleumworld 11 20 2018
Andrey Rudakov/Bloomberg
A close look at an oil drilling derrick.
- Oil-output decisions won't be made until December, Novak says
- Saudi Arabia has sought cuts of about 1 million barrels a day
By Olga Tanas and Dina Khrennikova / Bloomberg
MOSCOW
Petroleumworld 11 20 2018
Charles Platiau/Reuters
A man wearing a yellow vest, a symbol of a French drivers' protest against higher fuel prices, attends the demonstration with an image of French president Emmanuel Macron, in Paris, France, November 17, 2018.
- ‘Yellow Vest' movement protests against gasoline tax increases
- Macron's government has refused to back down from tax hike
By Fabio Benedetti Valentini / Bloomberg
PARIS
Petroleumworld 11 19 2018
Video: Pemex Fears Brain Drain Under AMLO's Administration. Bloomberg's Amy Stillman and Nymia Almeida, senior vice president and lead Pemex analyst at Moody's Mexico, discuss the potential issues faced by Petroleos Mexicanos under the administration of Mexico's President-Elect Andres Manuel Lopez Obrador.
Reporting by Ana Isabel Martinez / Reuters
MEXICO CITY
Petroleumworld 11 19 2018
Xi's gain is Prince Mohammed's pain: Oil rout winners and losers
Simon Dawson/Bloomberg
Oil pipelines run through Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.
- Trump has called on Saudi Arabia and OPEC to let prices drop
- Russia's ability to withstand price slump improved since 2014
By Enda Curran, Alan Crawford, and Rene Vollgraaff / Bloomberg
HONG KONG/BERLIN/JOHANESSBURG
Petroleumworld 11 16 2018
Alejandro Cegarra/Bloomberg
Andres Manuel Lopez Obrador
- Banxico raises rate a quarter point, with one vote for half
- Economists, traders see likelihood of additional increase
By Eric Martin / Bloomberg
MEXICO CITY
Petroleumworld 11 16 2018
Source:Bloomberg
- Iran waivers and tweets at OPEC producers created glut: Morse
- U.S. shale output and demand-sapping trade war also factors
By Dan Murtaugh / Bloomberg
SINGAPORE
Petroleumworld 11 15 2018
Mexican officials quitting top jobs with AMLO set to take office
CNH
Juan Carlos Zepeda, who oversaw the country's oil fields, quit after reports of pressure from incoming Energy Minister Rocio Nahle to leave.
- Resignations from central bank, oil commission stir concerns
- Openings give president-elect influence in autonomous bodies
By Eric Martin / Bloomberg
SINGAPORE
Petroleumworld 11 15 2018
Video: Oil Plunge Is Market Overreaction, Nasdaq Corporate Solutions' Essner Says
- OPEC warns demand for its oil falling faster than expected
- WTI fell the most in 3 years Tuesday in longest run of losses
By Tsuyoshi Inajima / Bloomberg
TOKYO
Petroleumworld 11 14 2018
- Brazil, Argentina see Mercosur nations doing individual pacts
- Growing support across trade bloc for pro-trade reforms
By Patrick Gillespie, Jorgelina Do Rosario, and Samy Adghirni / Bloomberg
BUENOS AIRES/BRASILIA
Petroleumworld 11 14 2018
Video: OPEC Considers 2019 Production Cuts
- Move adds to tensions following death of Jamal Khashoggi
- U.S. has looked to Riyadh to offset sanctions on Iran oil
By Justin Sink / Bloomberg
WASHINGTON
Petroleumworld 11 13 2018
mxpolitico.com
Lopez Obrador, Mexico's president - elect (left) and Jair Bolsonaro, Brazil's president - elect.
- ETFs dedicated to Brazil see strongest inflow since May 2017
- Investors take money out of Mexican underperforming assets
By Aline Oyamada and Carolina Wilson / Bloomberg
SAO PAULO /NEW YORK
Petroleumworld 11 13 2018
Video: JPMorgan's Ramakrishnan Sees Oil Rallying From Where it Is Now
- Saudis to cut exports by 500,000 barrels a day in December
- OPEC+ committee says ‘new strategies' might be considered
By Grant Smith, Anthony Dipaola, Mohammed Sergie, and M.Habboush / Bloomberg
LONDON/DUBAI/ABU DHABI
Petroleumworld 11 12 2018
Alejandro Cegarra/Bloomberg
Andres Manuel Lopez Obrador, Mexico’s president-elect, speaks during a press conference.
- Morena bill to kill some bank fees sends stocks plunging
- Airport cancellation, Maduro invite caused concern last week
By Eric Martin / Bloomberg
MEXICO CITY
Petroleumworld 11 12 2018
Video: Oil Extends Declines on the Way to a Nine-Day Losing Streak
- OPEC, allies to meet Sunday to discuss possible output curbs
- WTI trades below $61/barrel, heading for a 10th straight drop
By Sharon Cho / Bloomberg
SINGAPORE
Petroleumworld 11 09 2018
Andrew Burton/Getty
The case is Indigenous Environmental Network v. U.S., 17-cv-00029, U.S. District Court, District of Montana (Great Falls).
- TransCanada barred from proceeding without further review
- Ruling comes in legal challenge by environmental groups
By Andrew M Harris / Bloomberg
SINGAPORE
Petroleumworld 11 09 2018
OPEC considers 2019 oil production cuts in yet another u-turn
Video:OPEC considers 2019 production cuts
- Fresh U.S. shale surge threatens a return to surplus in 2019
- Producers worry again about rising stockpiles as prices drop
By Grant Smith and Javier Blas
LONDON
Petroleumworld 11 08 2018
China's canadian oil binge to wind down as U.S. refiners ramp up
Darryl Dyck/Bloomberg
The Nord Steady is guided
- Five Aframax tankers leave Vancouver for China in two months
- Trans Mountain pipe expansion would open future access to Asia
By Sheela Tobben and Robert Tuttle
CALGARY/NEW YORK
Petroleumworld 11 08 2018
Democrats gained control of the House, while Republicans kept a majority in the Senate
Video:Pelosi says a Democratic House will serve as a check on Trump.
- Republican loss of House to dramatically alter Trump's tenure
- Midterm vote sets stage for 2020 battle for presidency
By John McCormick and Mark Niquette
WASHINGTON
Petroleumworld 11 07 2018
Is this good-bye? Petrobras CEO ends presser on sentimental note
Andre Coelho/Bloomberg
Ivan Monteiro
- Ivan Monteiro hasn't received an invitation to remain as CEO
- Bolsonaro has freedom to change Petrobras management in 2019
By Sabrina Valle
RIO
Petroleumworld 11 07 2018
Video: U.S. Secretary of State Michael Pompeo and Treasury Secretary Steven Mnuchin outline new sanctions against Iran.
- Pompeo names eight governments given temporary oil waivers
- Pressure campaign has cost Iran $2.5 billion since May: Pompeo
By Saleha Mohsin and Nick Wadhams
WASHINGTON
Petroleumworld 11 06 2018
Bolsonaro to push forward giant Brazil oil sale
Dado Galdieri/ Bloomberg
A Petroleo Brasileiro SA Floating Production Storage and Offloading vessel sits at a maintenance shipyard in Angra dos Reis, Brazil.
- Government estimates auction could fetch about $27 billion
- Castro leaves University of Iowa faculty to join energy team
By Sabrina Valle
RIO
Petroleumworld 11 06 2018
U.S. sanctions on Iran oil kick in
Video: Iran Sanctions Snap Back
By Nick Wadhams and Saleha Mohsin
WASHINGTON
Petroleumworld 11 05 2018
Bloomberg
Video: Deserted beaches near Caracas.
- Country has ‘decent' economic plan, Storchak says after visit
- Russian team met Venezuelan Finance Ministry, central bank
By Stepan Kravchenko and Anna Andrianova
MOSCOW
Petroleumworld 11 02 2018
Daniel Acker / Bloomberg
The trade war is starting to hurt China's economy for good, with manufacturing output on the verge of contraction and export orders at a two-and-a-half low. - Video -
By Alessandro Speciale
FRANKFURT
Petroleumworld 11 02 2018
Carlos Becerra / Bloomberg
Nicolas Maduro
- Bolton calls Venezuela, Cuba, Nicaragua ‘Troika of Tyranny'
- State Department also sanctions associates of Cuban military
By Justin Sink and Jonathan Levin
WASHINGTON/MIAMI
Petroleumworld 11 02 2018
Ali Mohammadi/Bloomberg
No final decision has been made and an announcement is unlikely before U.S. sanctions on Iran are reimposed Nov. 5.
- Final accord may not come before U.S. sanctions hit on Nov. 5
- Exemptions would allow limited imports of crude from Iran
By Heesu Lee and Debjit Chakraborty
NEW YORK
Petroleumworld 11 01 2018
costadelsolfm.net
Abraham Edgardo Ortega, 51, admitted Wednesday in federal court in Miami that he took $17 million in cash bribes and that he conspired to launder money looted from PDVSA.
- Abraham Ortega is second person to admit guilt in Miami case
- Ortega cooperating with prosecutors eyeing President Maduro
By David Voreacos
NEW YORK
Petroleumworld 11 01 2018
Carlos Jasso/Reuters
Alfonso Romo, próximo jefe de gabinete de Andrés Manuel López Obrador, llega a una reunión con legisladores en Ciudad de México. Imagen de archivo. 11 de julio 2018.
Por Ana Isabel Martinez
CIUDAD DE MÉXICO
Petroleumworld 31 10 2018
Adrees Latif/Reuters
Petrobras Pasadena Refinery en Pasadena, Texas, Estados Unidos. 31 de agosto, 2017. REUTERS/Adrees Latif
Por Alexandra Alper y Marta Nogueira
RÍO DE JANEIRO
Petroleumworld 31 10 2018
Ali Mohammadi/Bloomberg
No final decision has been made and an announcement is unlikely before U.S. sanctions on Iran are reimposed Nov. 5.
- Final accord may not come before U.S. sanctions hit on Nov. 5
- Exemptions would allow limited imports of crude from Iran
By Heesu Lee and Debjit Chakraborty
NEW YORK
Petroleumworld 11 01 2018
costadelsolfm.net
Abraham Edgardo Ortega, 51, admitted Wednesday in federal court in Miami that he took $17 million in cash bribes and that he conspired to launder money looted from PDVSA.
- Abraham Ortega is second person to admit guilt in Miami case
- Ortega cooperating with prosecutors eyeing President Maduro
By David Voreacos
NEW YORK
Petroleumworld 11 01 2018
Andrey Rudakov/Bloomberg
Oil has lost more than 10 percent after breaching $76 a barrel earlier this month.
- Trade spat, swelling U.S. stockpiles contribute to Oct. loss
- WTI trades below $67/bbl, heading for a 9.4% drop this month
By Heesu Lee
SEOUL
Petroleumworld 10 31 2018
Mauricio Palos/Bloomberg
Andres Manuel Lopez Obrador. To the president-elect's thinking, Mexico would never have opened its energy market to foreign companies in 2014 had the question been put to a referendum.
- Lopez Obrador had promised businessmen an orderly transition
- Peso, stocks on Monday slumped the most in almost two years
By Eric Martin
MEXICO CITY
Petroleumworld 10 31 2018
Dado Galdieri/Bloomberg
Brazil's President-elect Jair Bolsonaro is staring at an oil windfall.
- Morgan Stanley sees Petrobras's output up 12 percent in 2019
- Investors waiting on Bolsonaro to pick cabinet, Petrobras CEO
By Sabrina Vale
RIO
Petroleumworld 10 30 2018
NAICM
New International Airport of Mexico City (NAICM) under construction
- Lopez Obrador has said he will respect result of consultation
- Canceling now could cost as much as $10.5 billion, BBVA says
By Andrea Navarro , Eric Martin , and Justin Villamil
MEXICO CITY
Petroleumworld 10 30 2018
Brazil Swings Right With Jair Bolsonaro's Commanding Victory. Julia Leite reports.- Video -
- The president-elect has promised to rule with an iron fist
- His win will please markets, but raises fear about democracy
By Raymond Colitt, David Biller, and Bruce Douglas
RIO/BRASILIA
Petroleumworld 10 29 2018
Christopher Goodney/Bloomberg
YPF Chief Executive Officer Daniel Gonzalez
- Argentine driller sees Patagonian shale play bolstering output
- Forecasts up to 7% annual growth in oil and gas production
By Jonathan Gilbert
BUENOS AIRES
Petroleumworld 10 29 2018
China tells CNPC and Sinopec to hold on Iran oil buying
Ali Mohammadi/Bloomberg
State-owned giants are to halt Iran oil purchases
- CNPC and Sinopec to avoid loading Iranian crude in November
- Revenue from oil and gas could fall by $7 trillion by 2040
By Bloomberg News
BEIJING/SINGAPORE/HONG KONG
Petroleumworld 10 26 2018
Conoco Chief Financial Officer Don Wallette told analysts on a conference call. PDVSA has also made one $100 million cash payment, with another due in November.
- Conoco is collecting $2 billion from Venezuela—one barrel of oil at a time
- Rest of initial payment to include proceeds from seized oil
By Alex Nussbaum
NEW YORK
Petroleumworld 10 26 2018
Prices will come under pressure over the long term, the IEA says, because of rising U.S. shale oil production, increased energy efficiency and policies to curb climate change and local air pollution.
- Countries dependent on crude revenue must diversify, IEA says
- Revenue from oil and gas could fall by $7 trillion by 2040
By Helen Robertson
LONDON
Petroleumworld 10 25 2018
caraotadigital
So far, PDVSA has shown it is determined to hold on to Citgo, even as U.S. sanctions prevent the refiner from distributing dividends back to Venezuela.
- Failure to pay may jeopardize state-oil company's U.S. asset
- Payment would mark exception for socialist state amid defaults
By Ben Bartenstein , Jose Enrique Arrioja , and Davide Scigliuzzo
NEW YORK
Petroleumworld 10 25 2018
Petrobras
The Brazilian military has more experience in public administration than warfare.
- Bolsonaro scales back plans to sell Brazilian state companies
- The army captain's voting history is nationalist, Fitch says
By Sabrina Valle
RIO
Petroleumworld 10 24 2018
- Brazil, Peru may lead sales while Argentina is less attractive
- Issuers seeking a window of market calm to push through deals
By Pablo Rosendo González
BUENOS AIRES
Petroleumworld 10 24 2018
theglobalobservatory.org
Protests have sparked in Iraq by long-simmering grievances regarding insufficient electricity, water quality, and unemployment. “An increase in production is good news, but Iraq still fails to provide basic services like clean water and power to its citizens, including in Basra where most of the oil is extracted,” said Ziad Daoud, Bloomberg's chief economist in the Middle East.
Video: Oil Heads to a Weekly Decline Amid U.S.-Saudi Tension
- Iraq's political paralysis hasn't dented crude output or sales
- OPEC's No. 2 will be second to U.S. in oil growth until 2025
By Mohammed Sergie
DUBAI
Petroleumworld 10 23 2018
MarketBeat
But, despite the upgrade, the analysts want to be clear: You probably shouldn't buy this stock.
By Tina Davis
HOUSTON
Petroleumworld 10 23 2018
David Falconer/NARA/U.S. National Archives
A gas station in Portland, U.S. in 1973
Video: Trump Plans to Pull Out of Nuclear Weapons Pact With Russia
- Kingdom may pump 11 million barrels a day soon: Energy Minister Khalid Al-Falih to Tass
- World should handle Khashoggi political crisis with ‘wisdom'
By Dina Khrennikova
MOSCOW
Petroleumworld 10 22 2018
Timothy A. Clark/AFP
The image pf Jamal Khashoggi is seen projected on a screen s during a news conference.
Video: Saudi's evolving story of the death of journalist Khashoggi elicited skepticism from its allies. Ros Krasny reports.
- Consulting firm says report not intended to target dissidents
- McKinsey says it was studying social-media use in kingdom
By Jordyn Holman
NEW YORK
Petroleumworld 10 22 2018
Oil set for a 2nd weekly decline as U.S. stocks swell offsets Khashoggi case
Video: Quite Constructive on Energy Prices, Conning's Franklin Says
- Prompt WTI spread in contango, signaling weakness in market
- WTI futures rises 0.4%, on course for 3.4% weekly decline
By Sharon Cho
SINGAPORE
Petroleumworld 10 19 2018
Dealoil
Exxon makes major bet on Brazil
- Only Petrobras has greater exploration acreage in the country
- Exxon expanded aggressively after President Temer's reforms
By Sabrina Valle and Kevin Crowley
RIO/HOUSTON
Petroleumworld 10 19 2018
Ali Mohammadi/Bloomberg
With less than a month to go before they come into force, U.S. sanctions on Iran's oil exports have forced buyers to turn away.
By Julian Lee and Irene Garcia Perez
LONDON
Petroleumworld 10 18 2018
Sales of West Texas Intermediate Light, or WTI Light, started in September
- WTI Light crude being used for blending into other varieties
- Sales began in September, will move on multiple pipelines
By Sheela Tobben and Catherine Ngai
HOUSTON
Petroleumworld 10 18 2018
Oil, debt and Iran: weapons in any U.S.-Saudi fight over Khashoggi
Chris McGrath/Getty
Play Video: Saudi Economy Still Vulnerable to Oil Prices Shocks, Emirates NBD's Haque Says
- Efforts to calm tensions over critic's disappearace underway
- Analysts see little upside from a sustained confrontation
By Lin Noueihed, Zainab Fattah, Anthony Dipaola, and Mark Niquette
CAIRO/DUBAI/NEW YORK
Petroleumworld 10 17 2018
Venezuela is $7 billion overdue, but likely to pay this bond
- Principal, interest payment on 2020 bond is due on Oct. 27
- Notes are backed by Citgo, increasing stakes for Venezuela
By Patricia Laya
CARACAS
Petroleumworld 10 17 2018
Reuters
Political tension between the U.S. and Saudi Arabia may have the potential of spilling over into global oil markets. Saudis Begin Internal Probe Into Khashoggi Disappearance. Trump send Pompeo to Saudi Arabia as King denies Khashoggi link - Video -
- Riyadh vows to retaliate to any measures using economic clout
- Market is skeptical Saudis would actually use oil as weapon
By Javier Blas
LONDON
Petroleumworld 10 16 2018
Cris Faga/NurPhoto
During a rally in support of Bolsonaro on Paulista Avenue, the main highway of Sao Paulo.
- Jair Bolsonaro has 18 percentage-point lead over Haddad
- Haddad's rejection rating 12 points higher than Bolsonaro's
By Bruce Douglas
BRASILIA
Petroleumworld 10 16 2018
Video: Oil Is 'Good Place to Be' at This Point of The Cycle, Tribeca's Liu Says
- U.S. sees Saudi denial of Khashoggi involvement as untenable
- Saudis vow to retaliate to any measures using economic clout
By Heesu Lee and Javier Blas
SEOUL/LONDON
Petroleumworld 10 15 2018
Exxon Mobil
The Stena Carron drill ship located off Georgetown, Guyana.
- Shell, Exxon are considering sales off U.S. coastline
- Higher oil prices incentivize ‘go big or go home' strategy
By Kevin Crowley and David Wethe
HOUSTON
Petroleumworld 10 15 2018
Barani Krishnan/Reuters
World oil and liquids supply surpassed 100 million barrels a day for the first time
- 3Q production rises to 100.3 million barrels a day, IEA says
- OPEC, Americas and biofuels lead increases in global output
By Dan Murtaugh
SINGAPORE
Petroleumworld 10 12 2018
The world is pumping out more oil and other petroleum liquids than ever before.
ahorroenergetico.net
- Argentine oil company to sell 24.99 percent of YPF Luz
- Fund negotiating stake after Blackstone deal fell through
By Pablo Rosendo Gonzalez
BUENOS AIRES
Petroleumworld 10 12 2018
Source: BP , Oil major trade movements 2017 – trade flows worldwide (million tonnes)
- China buys more African oil, less from U.S. amid trade spat
- Iran sanctions force Asian buyers to look elsewhere for supply
By Alex Longley and Bill Lehane
LONDON
Petroleumworld 10 11 2018
U.S. President Donald Trump is redirecting global oil flows.
luke sharrett / bloomberg
- EPA Acting Administrator Andrew Wheeler announced “highly qualified.” five new members
- They are not active researchers and scientists in the field - Andrew Rosenberg, director of the Union of Concerned Scientists' Center for Science and Democracy.
By Jennifer A Dlouhy
WASHINGTON
Petroleumworld 10 11 2018
Video: Expensive energy is back, Fatih Birol says.
- Venezuelan output is in free-fall, Iran sinking: Fatih Birol
- ‘Expensive energy' is back when global economy already shaky By Javier Blas, Grant Smith, and Francine Lacqua
LONDON
Petroleumworld 10 10 2018
Michael to Hit Florida as a ‘Dangerous' Category 4 Hurricane
- IEA asks OPEC to increase output as market enters ‘red zone'
- WTI remains above $74 a barrel, after gaining 0.9% on Tuesday
By Heesu Lee
SEOUL
Petroleumworld 10 10 2018
Rich Press/Bloomberg
Video: Demand for Oil Relatively Robust, Says JPMorgan's Darling
- Industry free cash flow to reach $175 billion in 2018: Rystad
- Investors still doubtful of pledges about spending discipline By Kelly Gilblom
LONDON
Petroleumworld 10 09 2018
Rich Press/Bloomberg
Latin America's economy is projected to be the weakest among emerging markets this year.
- Fund cuts Latin America's growth outlook for 2018 and 2019
- Doubts about success of stabilization plan weigh on Argentina
By David Biller
RIO
Petroleumworld 10 09 2018
Bandar Al-Jaloud/AFP
Crown Prince Mohammed bin Salman - Full interview transcript
- ‘We did our job and more,' crown prince says in interview
- Trump has criticized OPEC for allowing crude prices to rally By Nayla Razzouk and Stephanie Flanders
DUBAI/LONDON
Petroleumworld 10 08 2018
La Republica.pe
Bolsonaro's domination Sunday was so overwhelming that it briefly appeared that he might capture enough votes to forgo the need for a runoff round with first results showing 49 % of the vote and later dropping to 46.2 percent, just short of the majority.
- Ex-Army captain Jair Bolsonaro to face Leftist Fernando Haddad
- Tumultuous election marked by violence and polarization
By Mario Sergio Lima, Raymond Colitt, David Biller, and Aline Oyamada
BRASILIA/RIO/SAO PAULO
Petroleumworld 10 08 2018
Rich Press/Bloomberg
Video: Demand for Oil Relatively Robust, Says JPMorgan's Darling
- Industry free cash flow to reach $175 billion in 2018: Rystad
- Investors still doubtful of pledges about spending discipline
By Kelly Gilblom
LONDON
Petroleumworld 10 09 2018
Rich Press/Bloomberg
Latin America's economy is projected to be the weakest among emerging markets this year.
- Fund cuts Latin America's growth outlook for 2018 and 2019
- Doubts about success of stabilization plan weigh on Argentina
By David Biller
RIO
Petroleumworld 10 09 2018
Bandar Al-Jaloud/AFP
Crown Prince Mohammed bin Salman - Full interview transcript
- ‘We did our job and more,' crown prince says in interview
- Trump has criticized OPEC for allowing crude prices to rally By Nayla Razzouk and Stephanie Flanders
DUBAI/LONDON
Petroleumworld 10 08 2018
La Republica.pe
Bolsonaro's domination Sunday was so overwhelming that it briefly appeared that he might capture enough votes to forgo the need for a runoff round with first results showing 49 % of the vote and later dropping to 46.2 percent, just short of the majority.
- Ex-Army captain Jair Bolsonaro to face Leftist Fernando Haddad
- Tumultuous election marked by violence and polarization
By Mario Sergio Lima, Raymond Colitt, David Biller, and Aline Oyamada
BRASILIA/RIO/SAO PAULO
Petroleumworld 10 08 2018
Trump's OPEC strategy to max-out oil production may backfire
Bloomberg
Video: Oil Market Is on a Razor's Edge, Says FGE's Fesharaki / Video : Jason Gammel, energy analyst at Jefferies, discusses oil.
- State department says cartel should utilize spare capacity
- Crude futures rose to 4-year high after Saudis boosted output
By Dina Khrennikova, Jack Farchy, and Elena Mazneva
MOSCOW/LONDON
Petroleumworld 10 05 2018
Far-right Brazil candidate Bolsonaro ahead of final debate, big boost on Datafolha poll
Far-right candidate Jair Bolsonaro. Video: Latin America's biggest economy votes on Sunday.
- Jair Bolsonaro rises to 35 percent in latest Datafolha survey.
- Leftwinger Fernando Haddad remains steady on 22 percent
By Rachel Gamarski
BRASILIA
Petroleumworld 10 05 2018
Emerging markets currencies get a blow as rising oil prices hit importers
Video: Saudi Output Nears Record as Oil Trades Close to 4-Year High
By Paul Wallace
LAGOS
Petroleumworld 10 04 2018
Shell's LNG Canada and trade deals are no help to stalled Trans Mountain Pipeline
Darryl Dyck/The Canadian Press
- Canada open for business again but Alberta oil still stuck
- Indigenous support remains key stumbling block for pipeline
By Natalie Obiko Pearson
VANCOUVER
Petroleumworld 10 04 2018
Brazil election poll says Jairo Bolsonaro rising
Andre Coelho/Bloomberg
Second poll confirms far-right candidate is rising in Brazil.
- Datafolha survey released on Tuesday backs up Ibope findings
- Jair Bolsonaro rose four percentage points, Haddad flatlines
By Bruce Douglas
BRASILIA
Petroleumworld 10 03 2018
Video: Commodities have been on a tear recently. Bloomberg's Stephen Stapczynski and James Poole report.
- U.S.-Mexico-Canada Agreement boosts sentiment for oil market
- Drop in Iranian exports and tightening market stokes concerns
By Samuel Robinson
NEW YORK
Petroleumworld 10 03 2018
Oil at $85 level highest since 2014 on supply concerns over Iran and Venezuela
Video:Expect $85 Brent in six months, says Wayne Gordon, executive director at UBS Wealth Management.
- American rig fleet shrinks as crude drillers pause activity
- Brent exceeds $85-a-barrel level for first time since 2014 By Samuel Robinson
NEW YORK
Petroleumworld 10 02 2018
Video: Bloomberg's Josh Wingrove reports on the U.S.-Mexico-Canada Agreement.
- Nafta deal bolsters loonie and eases investment uncertainy
- Shell-led group also poised to back $31 billion LNG terminal
By Theophilos Argitis and Josh Wingrove
OTTAWA
Petroleumworld 10 02 2018
Brazil election poll says Jairo Bolsonaro rising
Andre Coelho/Bloomberg
Second poll confirms far-right candidate is rising in Brazil.
- Datafolha survey released on Tuesday backs up Ibope findings
- Jair Bolsonaro rose four percentage points, Haddad flatlines
By Bruce Douglas
BRASILIA
Petroleumworld 10 03 2018
Video: Commodities have been on a tear recently. Bloomberg's Stephen Stapczynski and James Poole report.
- U.S.-Mexico-Canada Agreement boosts sentiment for oil market
- Drop in Iranian exports and tightening market stokes concerns
By Samuel Robinson
NEW YORK
Petroleumworld 10 03 2018
Oil at $85 level highest since 2014 on supply concerns over Iran and Venezuela
Video:Expect $85 Brent in six months, says Wayne Gordon, executive director at UBS Wealth Management.
- American rig fleet shrinks as crude drillers pause activity
- Brent exceeds $85-a-barrel level for first time since 2014
By Samuel Robinson
NEW YORK
Petroleumworld 10 02 2018
Video: Bloomberg's Josh Wingrove reports on the U.S.-Mexico-Canada Agreement.
- Nafta deal bolsters loonie and eases investment uncertainy
- Shell-led group also poised to back $31 billion LNG terminal
By Theophilos Argitis and Josh Wingrove
OTTAWA
Petroleumworld 10 02 2018
Taylor Weidman / Bloomberg
What oil at $100 a barrel would mean for the global economy
- Bloomberg Economics reckons pain not as bad as in 2011
- Rising oil has different impacts on different economies By Enda Curran and Michelle Jamrisko
HONG KONG / SINGAPORE
Petroleumworld 10 01 2018
Patrick T. Fallon / Bloomberg
Venezuela faces fresh blow with ship-fuel rules threatening exports
- PDVSA's exports of fuel oil at risk with upcoming IMO rules
- Regulation also to weigh on prices of Venezuelan sour crudeBy Lucia Kassai
HOUSTON
Petroleumworld 10 01 2018
Norway 
