(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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....
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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, 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,...
(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...
(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;...
(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...
(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...
(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...
(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...
(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...
(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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