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Tag: OPEC

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]
Africa Asia Austria China Europe Latin America and the Caribbean Middle East Nigeria Saudi Arabia Venezuela

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]

ENERGY ANALYTICS INSTITUTE (EAI)12 October 202213 October 2022
(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) in 2022 owing a lower...
OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs
Middle East North America Saudi Arabia USA

OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs

ENERGY ANALYTICS INSTITUTE (EAI)24 August 202225 August 2022
(Bloomberg, 24.Aug.2022) — OPEC’s united front on possible action grew stronger, as more nations endorsed Saudi Arabia’s view that supply curbs may be needed to stabilize world oil markets.  Within...
Nigeria’s NNPC Renews Oil Contracts to Produce 10 Billion Barrels
Africa Nigeria

Nigeria’s NNPC Renews Oil Contracts to Produce 10 Billion Barrels

ENERGY ANALYTICS INSTITUTE (EAI)12 August 202216 August 2022
(Reuters, 12.Aug.2022) — Nigeria's state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater blocks that officials said could...
Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many
Africa Austria Europe Nigeria

Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many

ENERGY ANALYTICS INSTITUTE (EAI)6 July 20227 July 2022
(OPEC, 6.Jul.2022) — It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, Mohammad Sanusi Barkindo, in his...
Keynote Address by OPEC Secretary General Barkindo
Africa Nigeria

Keynote Address by OPEC Secretary General Barkindo

ENERGY ANALYTICS INSTITUTE (EAI)5 July 20226 July 2022
(OPEC, 5.Jul.2022) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the opening ceremony of the 21st edition of Nigeria Oil and Gas (NOG) Conference and Exhibition, 5...
NRGBriefs: Chevron Comments on Venezuelan License; SQM Results
Chile Latin America and the Caribbean Mexico North America USA Venezuela

NRGBriefs: Chevron Comments on Venezuelan License; SQM Results

ENERGY ANALYTICS INSTITUTE (EAI)19 May 202220 May 2022
(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference call to discuss its 1Q;22...
OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader
Africa Latin America and the Caribbean Nigeria Venezuela

OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader

ENERGY ANALYTICS INSTITUTE (EAI)11 May 202212 May 2022
(Energy Analytics Institute, 11.May.2022) — Petróleos de Venezuela S.A. (PDVSA) President Asdrúbal Chávez, and the board of directors of the company received the Secretary General of the Organization of Petroleum...
OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex
Africa Latin America and the Caribbean Nigeria Venezuela

OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex

ENERGY ANALYTICS INSTITUTE (EAI)11 May 202211 May 2022
(Energy Analytics Institute, 11.May.2022) —The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo and an OPEC delegation visited the ‘Jose Antonio Anzoátegui Petrochemical Complex’ in Anzoátegui State during...
NRGBriefs: Nigeria’s Barkindo Visits with Venezuelan Authorities
Africa Nigeria

NRGBriefs: Nigeria’s Barkindo Visits with Venezuelan Authorities

ENERGY ANALYTICS INSTITUTE (EAI)7 May 202212 May 2022
(Energy Analytics Institute, 7.May.2022) — Energy briefs including the Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo visiting Venezuela to participate in meetings with the South American country's...
Venezuela and Iran to Deepen Oil and Defense Ties
Iran Latin America and the Caribbean Middle East Venezuela

Venezuela and Iran to Deepen Oil and Defense Ties

ENERGY ANALYTICS INSTITUTE (EAI)2 May 20223 May 2022
(Energy Analytics Institute, 2.May.2022) — Venezuela’s Oil Minister Tareck El Aissami held a working meeting in Caracas with his Iranian counterpart Javad Owji to discuss deepening bilateral cooperation mechanisms between...
Oil Gains as Libya Shuts Its Largest Oil Field Amid Protests
Africa Libya

Oil Gains as Libya Shuts Its Largest Oil Field Amid Protests

ENERGY ANALYTICS INSTITUTE (EAI)18 April 202219 April 2022
(Bloomberg, 18.Apr.2022) — Oil rose as the shutdown of Libya’s biggest oil field strains an already under-supplied market, overshadowing signals that China’s drastic pandemic lockdowns are weighing on economic growth....
NRGBriefs: Venezuela Oil Production Tendencies in Early 2022
Latin America and the Caribbean Trinidad and Tobago Venezuela

NRGBriefs: Venezuela Oil Production Tendencies in Early 2022

ENERGY ANALYTICS INSTITUTE (EAI)24 March 202218 April 2022
(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; and a Venezuelan oil expert...
White House Tells Oil Industry ‘We Need More’ as Fuel Prices Soar
North America USA

White House Tells Oil Industry ‘We Need More’ as Fuel Prices Soar

ENERGY ANALYTICS INSTITUTE (EAI)9 March 202231 March 2022
(FT.com, 9.Mar.2022) — The US is engaged in an increasingly frantic search to replace oil supplies lost from Russia as it tries to repair diplomatic rifts abroad and boost production...
Maduro: Venezuela Ready to Provide Oil Stability to World
Latin America and the Caribbean Venezuela

Maduro: Venezuela Ready to Provide Oil Stability to World

ENERGY ANALYTICS INSTITUTE (EAI)4 March 20228 March 2022
(Telesur, 4.Mar.2022) — Oil prices have risen this week due to supply concerns amid international sanctions directed at Russia for its military operation in Ukraine. Venezuelan President Nicolás Maduro announced...
Venezuela Doubles Crude Oil Exports Defying US Sanctions
Latin America and the Caribbean Venezuela

Venezuela Doubles Crude Oil Exports Defying US Sanctions

ENERGY ANALYTICS INSTITUTE (EAI)3 January 20224 January 2022
(Bloomberg, 3.Jan.2022) — Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of U.S. sanctions.  Shipments averaged 619,000...
Mexico Plans to End Oil Exports in 2023 to Reach Self-Sufficiency
Latin America and the Caribbean Mexico

Mexico Plans to End Oil Exports in 2023 to Reach Self-Sufficiency

ENERGY ANALYTICS INSTITUTE (EAI)28 December 202129 December 2021
(Bloomberg, 28.Dec.2021) — Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in...
As Western Oil Giants Cut Production, NOCs Step Up
Argentina Brazil Latin America and the Caribbean

As Western Oil Giants Cut Production, NOCs Step Up

ENERGY ANALYTICS INSTITUTE (EAI)14 October 202125 October 2021
(New York Times, 14.Oct.2021) — After years of pumping more oil and gas, Western energy giants like BP, Royal Dutch Shell, Exxon Mobil and Chevron are slowing down production as...
Emerging Oil Markets on the Path to Net Zero
Guyana Latin America and the Caribbean Suriname

Emerging Oil Markets on the Path to Net Zero

ENERGY ANALYTICS INSTITUTE (EAI)5 October 202126 November 2022
(News America, 5.Oct.2021) — This year, the world has become increasingly aware of a global energy shortage as well as the irreversible damages of climate change. Throughout Europe, gas prices...
Venezuela Still Attractive: Amos Global Energy’s Ali Moshiri Says
Latin America and the Caribbean North America USA Venezuela

Venezuela Still Attractive: Amos Global Energy’s Ali Moshiri Says

ENERGY ANALYTICS INSTITUTE (EAI)1 September 20217 October 2021
(Energy Analytics Institute, 1.Sep.2021) — Venezuela, home to the world’s largest oil reserves, still has an opportunity to capitalize on producing oil amid the energy transition, Ali Moshiri, head of...
Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned
Latin America and the Caribbean Venezuela

Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned

ENERGY ANALYTICS INSTITUTE (EAI)21 June 202124 June 2021
(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station -- sometimes for days -- has become so routine that it’s hard to imagine life without it. But...
Biden’s Venezuela Policy In Holding Pattern As Maduro Outlasts Pressures
Latin America and the Caribbean North America USA Venezuela

Biden’s Venezuela Policy In Holding Pattern As Maduro Outlasts Pressures

ENERGY ANALYTICS INSTITUTE (EAI)18 June 202121 June 2021
(S&P Global, 18.Jun.2021) — After Venezuelan President Nicolas Maduro outlasted the Trump administration's maximum sanctions pressure, US President Joe Biden will have to decide whether to offer Venezuela limited sanctions...
India In Talks With Guyana For Long-Term Crude Supply
Asia Guyana India Latin America and the Caribbean

India In Talks With Guyana For Long-Term Crude Supply

ENERGY ANALYTICS INSTITUTE (EAI)25 April 202127 April 2021
(Reuters, 25.Apr.2021) — India, the world's third-largest crude consumer and importer, has approached Guyana's government about a possible long-term deal to buy the South American country's oil, a Guyanese official...
Venezuela Ships Jet Fuel to Iran In Exchange For Petrol
Latin America and the Caribbean

Venezuela Ships Jet Fuel to Iran In Exchange For Petrol

ENERGY ANALYTICS INSTITUTE (EAI)23 February 20212 March 2021
(Reuters, 23.Feb.2021) — Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a swap deal agreed by the...
OPEC Fund Marks 45 Years Of Driving Development
Africa Ecuador Europe Iran Latin America and the Caribbean Middle East Nigeria United Arab Emirates Venezuela

OPEC Fund Marks 45 Years Of Driving Development

ENERGY ANALYTICS INSTITUTE (EAI)28 January 202126 February 2021
(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than...
Venezuela Eyes Private Cos Operating Oil Fields
Latin America and the Caribbean Venezuela

Venezuela Eyes Private Cos Operating Oil Fields

ENERGY ANALYTICS INSTITUTE (EAI)14 January 202117 January 2021
(Reuters, 14.Jan.2021) — Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned PDVSA while pocketing part of the...
OPEC Voluntary Production Levels (PDF DOWNLOAD)
Africa Latin America and the Caribbean Middle East Nigeria Saudi Arabia Venezuela

OPEC Voluntary Production Levels (PDF DOWNLOAD)

ENERGY ANALYTICS INSTITUTE (EAI)11 January 202111 January 2021
(Energy Analytics Institute, 11.Jan.2021) — OPEC’s voluntary crude oil production levels for the months of January, February, and March. OPEC_Voluntary-Production-LevelsDownload __________ By Ian Silverman. © Energy Analytics Institute (EAI). All...
Biden Presidency To Reset US Sanctions Focus
Iran Latin America and the Caribbean Middle East North America USA

Biden Presidency To Reset US Sanctions Focus

ENERGY ANALYTICS INSTITUTE (EAI)14 December 202019 December 2020
(Argus, 14.Dec.2020) — Washington's failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US administration of president-elect Joe Biden...
Heard Venezuela: Iranian Asset Takeovers
Latin America and the Caribbean Venezuela

Heard Venezuela: Iranian Asset Takeovers

ENERGY ANALYTICS INSTITUTE (EAI)5 December 20205 December 2020
(Energy Analytics Institute, 5.Dec.2020) — Rumors are that Iranian businesspersons and their companies are in the process of taking over operations at Venezuela’s six refineries while also looking to do...
OPEC+ To Boost Output After Tense Negotiations
Africa Europe Middle East Nigeria

OPEC+ To Boost Output After Tense Negotiations

ENERGY ANALYTICS INSTITUTE (EAI)4 December 20204 December 2020
(WoodMac, 4.Dec.2020) — Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply...
Venezuela Crude Production, Exports Recover
Latin America and the Caribbean Venezuela

Venezuela Crude Production, Exports Recover

ENERGY ANALYTICS INSTITUTE (EAI)1 December 202011 December 2020
(Argus, 1.Dec.2020) — Venezuelan state-owned PdV's crude production and exports have recovered in recent weeks as China resumed direct loadings and a tanker deficit the company blames on US sanctions...
Venezuela Supports Three Month Opec Extension
Latin America and the Caribbean Venezuela

Venezuela Supports Three Month Opec Extension

ENERGY ANALYTICS INSTITUTE (EAI)17 November 202024 November 2020
(Energy Analytics Institute, 17.Nov.2020) — Opec producer Venezuela continues to support a three month extension of production levels of 7.7 million barrels per day. “Venezuela ratifies its commitment to continue...
Maduro Says Amuay Hit By ‘Terrorist Tttack’
Latin America and the Caribbean Venezuela

Maduro Says Amuay Hit By ‘Terrorist Tttack’

ENERGY ANALYTICS INSTITUTE (EAI)28 October 202030 October 2020
(Reuters, 28.Oct.2020) — Venezuelan President Nicolas Maduro on Wednesday said the country’s Amuay oil refinery was victim of a terrorist attack on Tuesday that involved a “powerful weapon”, but said...
Nabarima Floating Storage Tanker At Risk Of Sinking
Latin America and the Caribbean

Nabarima Floating Storage Tanker At Risk Of Sinking

ENERGY ANALYTICS INSTITUTE (EAI)17 October 202017 October 2020
(Energy Analytics Institute, 17.Oct.2020) — The Nabarima floating storage unit with around 1,180,000 barrels of oil and located offshore Venezuela’s Sucre state is at increased risk of sinking, an oil...
Venezuela, Once An Oil Giant, Reaches The End Of An Era
Latin America and the Caribbean Venezuela

Venezuela, Once An Oil Giant, Reaches The End Of An Era

ENERGY ANALYTICS INSTITUTE (EAI)7 October 202019 October 2020
(NYT, 7.Oct.2020) — Wells that once tapped the world’s largest crude reserves are abandoned or left to flare toxic gases that cast an orange glow over depressed oil towns. Refineries...
Three Iranian Tankers Make It To Venezuela
Latin America and the Caribbean Middle East Venezuela

Three Iranian Tankers Make It To Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)5 October 20205 October 2020
(Energy Analytics Institute, 5.Oct.2020) — The third and final Iranian tanker, part of a three-tanker flotilla, docked in Venezuela over the weekend with much needed gasoline supplies for the struggling...
First Iranian Tanker Enters Venezuelan Waters
Latin America and the Caribbean Middle East Venezuela

First Iranian Tanker Enters Venezuelan Waters

ENERGY ANALYTICS INSTITUTE (EAI)28 September 202030 September 2020
(Reuters, 28.Sep.2020) — The first of a group of three tankers carrying Iranian fuel for gasoline-starved Venezuela entered the waters of the South American nation on Monday, according to Refinitiv...
Africa’s Gasoline Demand To Support Asia, Europe
Africa Nigeria

Africa’s Gasoline Demand To Support Asia, Europe

ENERGY ANALYTICS INSTITUTE (EAI)24 September 202030 September 2020
(Platts, 24.Sep.2020) — Africa's gasoline demand is expected to support the gasoline markets of Asia and Europe as refinery outages in the African continent, together with a strong recovery in...
Rafael Ramirez: Venezuela Can Fix Its Own Oil Industry
Latin America and the Caribbean Venezuela

Rafael Ramirez: Venezuela Can Fix Its Own Oil Industry

ENERGY ANALYTICS INSTITUTE (EAI)8 September 202010 September 2020
(Argus, 8.Sep.2020) — Rafael Ramirez served as Venezuela's oil minister from 2002-2013 and concurrent chief executive of state-owned PdV from 2004-2013, a tumultuous period marked by an oil strike and...
Maduro Assigns Oil Sector Workers Three Special Tasks
Latin America and the Caribbean Venezuela

Maduro Assigns Oil Sector Workers Three Special Tasks

ENERGY ANALYTICS INSTITUTE (EAI)3 September 20203 September 2020
(Energy Analytics Institute, 3.Sep.2020) — Venezuela’s President Nicolas Maduro announced three areas of focus for petroleum sector workers as well as others working directly within the state oil giant Petroleos...
PDVSA, Eni Weigh Options To Transfer Idled Oil
Latin America and the Caribbean Venezuela

PDVSA, Eni Weigh Options To Transfer Idled Oil

ENERGY ANALYTICS INSTITUTE (EAI)2 September 20209 September 2020
(Reuters, 2.Sep.2020) — Venezuelan state oil company PDVSA and Italy's Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has...
Venezuela Faces Possibility Oil Output Drops To Zero
Latin America and the Caribbean Venezuela

Venezuela Faces Possibility Oil Output Drops To Zero

ENERGY ANALYTICS INSTITUTE (EAI)1 September 20202 September 2020
(Oilprice.com, 1.Sep.2020) — Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse...
Russia Is Winning The Battle For Venezuela’s Oil
Latin America and the Caribbean Venezuela

Russia Is Winning The Battle For Venezuela’s Oil

ENERGY ANALYTICS INSTITUTE (EAI)24 August 202031 August 2020
(Oilprice.com, 24.Aug.2020) — In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines...
How Venezuela’s Oil Industry Collapsed: FT.com
Venezuela

How Venezuela’s Oil Industry Collapsed: FT.com

ENERGY ANALYTICS INSTITUTE (EAI)24 August 202024 August 2020
(FT.com, 23.Aug.2020) — The country's oil industry was once the envy of the region, but after decades of mismanagement and corruption the sector is facing ruin. The FT's Andean correspondent...
Agbami Key Sticking Point In OPEC+ Compliance
Africa Nigeria

Agbami Key Sticking Point In OPEC+ Compliance

ENERGY ANALYTICS INSTITUTE (EAI)11 August 202012 August 2020
(Argus, 11.Aug.2020) — Nigeria's full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Since OPEC+ allowed ultra-light oil to be exempt from...
Saudi Arabia Turns Off America’s Oil Taps Again
Middle East

Saudi Arabia Turns Off America’s Oil Taps Again

ENERGY ANALYTICS INSTITUTE (EAI)9 August 202010 August 2020
(Bloomberg, 9.Aug.2020) — The strategy worked wonders in 2017. It will be more challenging this time around unless the pandemic eases its grip on oil demand. For the second time...
Ecuador Seeking New Oil-backed Loan From China
Ecuador Latin America and the Caribbean

Ecuador Seeking New Oil-backed Loan From China

ENERGY ANALYTICS INSTITUTE (EAI)13 July 202014 July 2020
(Argus, 13.Jul.2020) — Ecuador's austerity-minded government is in discussions with China to secure a new loan backed by oil sales. The fresh loan of at least $1.4bn would be secured...
Venezuela’s Oil Production Sinks To 300,000 b/d
Latin America and the Caribbean Venezuela

Venezuela’s Oil Production Sinks To 300,000 b/d

ENERGY ANALYTICS INSTITUTE (EAI)3 July 20206 July 2020
(Argus, 3.Jul.2020) — Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series of internal operation reports from...
Venezuela’s Oil Exports Sank In June To 77-year Low: Data
Latin America and the Caribbean Venezuela

Venezuela’s Oil Exports Sank In June To 77-year Low: Data

ENERGY ANALYTICS INSTITUTE (EAI)1 July 20202 July 2020
(Reuters, 1.Jul.2020) — Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away...
Leaky Pipes Threaten Libya’s Oil Revival From War
Africa Libya

Leaky Pipes Threaten Libya’s Oil Revival From War

ENERGY ANALYTICS INSTITUTE (EAI)24 June 202024 June 2020
(Bloomberg, 24.Jun.2020) — Libya’s oil industry is crumbling after more than nine years of neglected maintenance amid a civil war that’s killed thousands and destroyed towns across the country. The...
Venezuela’s Oil Production In Free Fall
Latin America and the Caribbean Venezuela

Venezuela’s Oil Production In Free Fall

ENERGY ANALYTICS INSTITUTE (EAI)15 June 20201 July 2020
(Energy Analytics Institute, 15.Jun.2020) — Venezuela’s production of crude oil continues in a free fall, reaching 411,900 barrels per day on 15 June 2020, down by 206,800 barrels per day...
Mexico To Sit Out Extension Of OPEC+ Oil Output Cuts
Latin America and the Caribbean Mexico

Mexico To Sit Out Extension Of OPEC+ Oil Output Cuts

ENERGY ANALYTICS INSTITUTE (EAI)6 June 20208 June 2020
(Reuters, 6.Jun.2020) — Mexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, Energy Minister Rocio Nahle said...
OPEC+ To Meet Saturday On Extending Cuts
Africa Latin America and the Caribbean North America USA Venezuela

OPEC+ To Meet Saturday On Extending Cuts

ENERGY ANALYTICS INSTITUTE (EAI)5 June 20205 June 2020
(Reuters, 5.Jun.2020) — OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards such as Iraq and Nigeria...
US Sanctions Four Firms For Transporting Venezuelan Oil
Latin America and the Caribbean North America USA Venezuela

US Sanctions Four Firms For Transporting Venezuelan Oil

ENERGY ANALYTICS INSTITUTE (EAI)2 June 20204 June 2020
(Aljazeera, 2.Jun.2020) — The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to depose socialist...
Venezuela’s Oil Exports Sink To 17-year Low On Sanctions
Latin America and the Caribbean Venezuela

Venezuela’s Oil Exports Sink To 17-year Low On Sanctions

ENERGY ANALYTICS INSTITUTE (EAI)2 June 20204 June 2020
(Reuters, 2.Jun.2020) — Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that had acted as intermediaries for...
Venezuela Rolls Out Two-tiered Fuel Pricing
Latin America and the Caribbean Venezuela

Venezuela Rolls Out Two-tiered Fuel Pricing

ENERGY ANALYTICS INSTITUTE (EAI)1 June 20202 June 2020
(Argus, 1.Jun.2020) — A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge international prices for imports. The...
Third Iranian Fuel Cargo Approaches Venezuela
Latin America and the Caribbean Venezuela

Third Iranian Fuel Cargo Approaches Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)26 May 202031 May 2020
(Reuters, 26.May.2020) — The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nation’s exclusive economic zone on Tuesday as the previous two were...
Mexico To Remain In Opec+, No Output Cuts Planned
Latin America and the Caribbean Mexico

Mexico To Remain In Opec+, No Output Cuts Planned

ENERGY ANALYTICS INSTITUTE (EAI)22 May 202022 May 2020
(Argus, 22.May.2020) — Mexico will remain within the Opec + group but has no plans for further production cuts, the energy ministry told Argus today. "Mexico will participate in the...
Ecuador’s MERNNR Finally Lifts Force Majeure
Ecuador Latin America and the Caribbean

Ecuador’s MERNNR Finally Lifts Force Majeure

ENERGY ANALYTICS INSTITUTE (EAI)10 May 202017 May 2020
(Energy Analytics Institute, Piero Stewart, 10.May.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) on 9 May 2020 lifted the force majeure declared on 10 April declared due...
Statement From Guyana’s DOE Director Mark Bynoe
Guyana Latin America and the Caribbean

Statement From Guyana’s DOE Director Mark Bynoe

ENERGY ANALYTICS INSTITUTE (EAI)4 May 202011 June 2020
(DOE, 4.May.2020) — Good morning ladies and gentlemen I am coming to you at a very interesting time in our country’s history given the furore over our national and regional...
Even At $10/bbl, Traders Balk At Buying Nigeria’s Oil
Africa Nigeria

Even At $10/bbl, Traders Balk At Buying Nigeria’s Oil

ENERGY ANALYTICS INSTITUTE (EAI)28 April 202022 June 2020
(Bloomberg, 28.Apr.2020) — The oil price crash isn’t getting any easier for Nigeria. Late on Monday, the nation released the prices for most of its crude oil grades for sale...
Venezuela Floats Lean PdV With Russia Unit
Latin America and the Caribbean Venezuela

Venezuela Floats Lean PdV With Russia Unit

ENERGY ANALYTICS INSTITUTE (EAI)27 April 202010 May 2020
(Argus, 27.Apr.2020) — The two Maduro loyalists who have been effectively running Venezuela's national oil industry for two months were officially appointed today as acting heads of the oil ministry...
Iran Ships Material To Help Repair PDVSA Refinery
Latin America and the Caribbean Venezuela

Iran Ships Material To Help Repair PDVSA Refinery

ENERGY ANALYTICS INSTITUTE (EAI)23 April 20203 May 2020
(Reuters, 23.Apr.2020) — Venezuela has received refining materials via plane shipment from Iran to help it start the catalytic cracking unit at the 310,000 barrels-per-day Cardon refinery, which is necessary...
Guyana’s Oil Dream: A Tale Of Smoke And Mirrors
Guyana Latin America and the Caribbean

Guyana’s Oil Dream: A Tale Of Smoke And Mirrors

ENERGY ANALYTICS INSTITUTE (EAI)17 April 202021 April 2020
(Jamaica Gleaner, 17.Apr.2020) — Picture soaring sky-scrapers with glistening glass windows adorning cathedrals of steel that dominate the illuminated skyline. This image encapsulates the dreams of many developing countries which...
Saudi OSPs For Oil Exports Bode Well For Asian Refiners
Europe

Saudi OSPs For Oil Exports Bode Well For Asian Refiners

ENERGY ANALYTICS INSTITUTE (EAI)16 April 202016 April 2020
(WoodMac, 16.Apr.2020) — On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes about Saudi Arabia's crude export...
Ecuador Oil Flow Tumbles, Pipeline Repairs Advance
Ecuador Latin America and the Caribbean

Ecuador Oil Flow Tumbles, Pipeline Repairs Advance

ENERGY ANALYTICS INSTITUTE (EAI)15 April 202025 April 2020
(Argus, 15.Apr.2020) — Ecuador's oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned PetroEcuador to reprogram most crude...
Mexico Agrees To Reduce Oil Production By 100,000 B/D
Ecuador Latin America and the Caribbean Mexico

Mexico Agrees To Reduce Oil Production By 100,000 B/D

ENERGY ANALYTICS INSTITUTE (EAI)13 April 202017 May 2020
(Energy Analytics Institute, Piero Stewart, 13.Apr.2020) — Mexico plans to reduce its oil production by 100,000 barrels per day, according to discussions with members of the Organization of Petroleum Exporting...
OPEC And Non-OPEC To Cut Output By 9.7 MMb/d
Africa Brazil Europe Latin America and the Caribbean Mexico

OPEC And Non-OPEC To Cut Output By 9.7 MMb/d

ENERGY ANALYTICS INSTITUTE (EAI)12 April 202013 April 2020
(OPEC, 12.Apr.2020) — The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman,...
The Unexpected Holdout To A Global Oil Production Deal
Latin America and the Caribbean Mexico

The Unexpected Holdout To A Global Oil Production Deal

ENERGY ANALYTICS INSTITUTE (EAI)10 April 202012 April 2020
(Bloomberg, 10.Apr.2020) — One of the most dramatic global oil production agreements in history has been left hanging on the approval of an unlikely character: Mexican President Andres Manuel Lopez...
Pemex Not In Position To Maintain Output
Latin America and the Caribbean Mexico

Pemex Not In Position To Maintain Output

ENERGY ANALYTICS INSTITUTE (EAI)10 April 202025 April 2020
(GlobalData, 10.Apr.2020) — Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent on Mexico’s consent to also cutting production;...
YPF Slashes Vaca Muerta Output: Rio Negro Reports
Argentina Latin America and the Caribbean

YPF Slashes Vaca Muerta Output: Rio Negro Reports

ENERGY ANALYTICS INSTITUTE (EAI)9 April 202011 April 2020
(Reuters, 9.Apr.2020) — Argentine state energy firm YPF has cut production by around half at its giant Vaca Muerta shale development Loma Campana due to a slump in demand amid...
Brief Intro Remarks By OPEC Secretary General
Africa Argentina Brazil Colombia Ecuador Europe Latin America and the Caribbean Mexico North America Trinidad and Tobago USA

Brief Intro Remarks By OPEC Secretary General

ENERGY ANALYTICS INSTITUTE (EAI)9 April 202010 April 2020
(OPEC, 9.Apr.2020) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting, 9 April 2020, via webinar. Excellencies, Over the course...
Maduro Highlights Need To Stabilize Oil Market
Latin America and the Caribbean Venezuela

Maduro Highlights Need To Stabilize Oil Market

ENERGY ANALYTICS INSTITUTE (EAI)31 March 20204 April 2020
(Energy Analytics Institute, Piero Stewart, 31.Mar.2020) — Venezuela’s President Nicolás Maduro highlighted the importance of the agreements between the Organization of Petroleum Exporting Countries (OPEC) and its allies (OPEC+), as...
Which Supply Is Most At Risk Of Shut-in?
Africa Asia Latin America and the Caribbean

Which Supply Is Most At Risk Of Shut-in?

ENERGY ANALYTICS INSTITUTE (EAI)27 March 202029 March 2020
(WoodMac, 27.Mar.2020) — The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent...
Maduro Suggests OPEC, OPEC+ Discuss Oil Market
Latin America and the Caribbean Venezuela

Maduro Suggests OPEC, OPEC+ Discuss Oil Market

ENERGY ANALYTICS INSTITUTE (EAI)12 March 202015 March 2020
(Energy Analytics Institute, Piero Stewart, 12.Mar.2020) — Venezuela’s President Nicolas Maduro has suggested that members of OPEC and OPEC+ return to discussions about balancing the oil market. "Let us seek...
Venezuela Discussing Oil Prices With OPEC, Russia
Latin America and the Caribbean Venezuela

Venezuela Discussing Oil Prices With OPEC, Russia

ENERGY ANALYTICS INSTITUTE (EAI)12 March 202014 March 2020
(TASS, 12.Mar.2020) — Venezuelan authorities are discussing the situation with the oil price collapse with OPEC and Russia, President Nicolas Maduro said on Thursday at a press conference broadcasted in...

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Chesapeake Utilities Establishes RNG Injection Point in Florida

Iran to Start Revamp at Venezuela’s Largest Refining Complex – Sources

Motiva Reports Operational Snag at Texas Oil Refinery

TotalEnergies Obtains Two CO2 Storage Licenses in the Danish North Sea

Ecopetrol, Frontera, Hocol, Tecpetrol and Cepsa on Blockades In Meta, Colombia

Touchstone Starts Operations at Royston-1X Sidetrack in Trinidad

Caribbean Seeks Venezuela’s Oil and Gas as U.S. Relaxes Sanctions

Sempra to Report 4Q:22 and FY:22 Earnings 28 Feb. 2023

Plenitude Inaugurates 263 MW Photovoltaic Plant in Texas

Petrobras on Nominations for the Executive Board

Guyana: FPSO Prosperity Naming Ceremony

Plenitude Returns to Sanremo in the Name of the Energy Transition

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