• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 8 hours Could Venezuela become a net oil importer?
  • 2 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 11 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 17 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 11 hours Why is permian oil "locked in" when refineries abound?
  • 8 hours Gazprom Exports to EU Hit Record
  • 40 mins Oil prices going down
  • 7 hours Oil Buyers Club
  • 9 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 7 hours Could oil demand collapse rapidly? Yup, sure could.
  • 5 hours Saudi Arabia turns to solar
  • 1 day Teapots Cut U.S. Oil Shipments
  • 11 hours EVs Could Help Coal Demand
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 day Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 17 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
Alt Text

The Fed Is Driving Down Oil Prices

The hawkish U.S. Federal Reserve…

Alt Text

Rig Count Falters Amid Oil Price Correction

The rig count slipped on…

Alt Text

Russia Boosts Oil Production Before OPEC Meeting

Russia pumped almost 11.1 million…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory – 16th January 2015

Deals, Mergers & Acquisitions

• Mexico's state-run Pemex is in talks with the US Commerce Department to import 100,000 barrels per day of light crude to raise Mexico's gasoline production and boost its refineries. In return, Pemex would send its heavy oil to US Gulf Coast refineries. This would represent another step towards subtly easing the US ban on oil exports. Pemex’s proposal could have the benefit of reducing transportation costs and improve refining margins—at the same time maximizing refining potential in both countries.

• Egypt will seal a deal with Russia's Gazprom for the company to supply it with LNG shipments later this month. If successful, the Gazprom deal would be the second LNG import agreement since Egypt finalized a deal for the necessary import infrastructure in November. Egypt signed an agreement with Algeria for six LNG cargoes in late December.

• Venezuelan President Nicolas Maduro is seeking several billion dollars from Qatari lenders to fill a budget gap created by slumping oil prices. This follows similar announcements of deals Venezuela made in recent weeks—most notably, $20 billion in Chinese investment and a deal with Iran to finance housing for the poor.

• Malaysia’s Sona Petroleum Bhd has scrapped plans to buy a stake in two oil and gas blocks from London-listed oil exploration and production firm Salamander Energy Plc in the Gulf of Thailand for $280 million.

Regulations…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News