 |
Louisiana Light • 4 days | 72.39 | +1.98 | +2.81% | ||
|
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | ||
|
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% | ||
|
Mars US • 2 days | 71.39 | +1.89 | +2.72% | ||
|
Gasoline • 10 mins | 2.543 | +0.042 | +1.68% |
|
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | ||
|
Girassol • 3 days | 77.03 | +1.40 | +1.85% | ||
|
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% |
|
Peace Sour • 2 hours | 65.99 | +1.64 | +2.55% | ||
|
Light Sour Blend • 2 hours | 67.29 | +1.64 | +2.50% | ||
|
Syncrude Sweet Premium • 2 hours | 76.24 | +1.64 | +2.20% | ||
|
Central Alberta • 2 hours | 65.59 | +1.64 | +2.56% |
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Eagle Ford • 4 days | 66.58 | +2.01 | +3.11% | ||
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Oklahoma Sweet • 4 days | 66.50 | +2.50 | +3.91% | ||
|
Kansas Common • 5 days | 58.25 | -1.50 | -2.51% | ||
|
Buena Vista • 13 days | 76.15 | -1.09 | -1.41% |
Is The U.S. Preparing To Punish OPEC?
The U.S. House of Representatives…
Russia Says Warship Guarding Pipelines Attacked By Ukraine
A Russian warship guarding pipelines…
Geopolitics / South America
Maduro Tightens Grip On PDVSA As Production Plunges
In a surprise move, Venezuelan President Nicolas Maduro named a National Guard major general as the new head of PDVSA and the country’s oil ministry. The appointment does not bode…
Venezuela To Try US Citizens & Former Citgo Executives As Traitors
Six Citgo executives—US citizens—that Venezuela arrested as part of a corruption sweep will be tried as traitors, President Nicolas Maduro said. Citgo’s President Jose Pereira and five senior executives…
Cash Strapped Venezuela To Import Gasoline As Crisis Escalates
For over forty days, hundreds of thousands of Venezuelans have taken over the main streets and roads of the country to protest against the dictatorial Venezuelan regime. Since the protests…
Venezuela Is The Wild Card In The OPEC Deal Extension
News coming out of Venezuela over the past two years has reeked of corruption and failed political leadership: a long list of shortages, rampant poverty, incrimination of the…
Latin America Energy Advisory – 7th February 2014
This week we’re stepping back to focus on Latin America again due to the volume of energy developments in the region. This week and last we were debriefed by our…
BG Group to Start First Honduras Exploration
UK-based BG Group is preparing to launch oil and gas exploration on Honduras's Atlantic coast with an initial investment of at least $20 million, marking the first contract…
What Mexico’s “Pemex Reform” Really Means
Bottom Line: Mexico’s Senate on 11 December—after a 19-hour session—approved legislation to modernize the energy sector and open it up to private investment, though some of the bill’s points are…
Amid Declining Latin American Output, Colombian Oil is Booming
Oil production has been stagnating or declining in many Latin American countries (Brazil, Mexico, Venezuela, and Ecuador), but Colombia is quietly ramping up production. Colombia’s oil production lagged over the…
Chile, Bachelet and the Ostensible ‘Lurch to the Left’
Bottom Line: How far left will Bachelet take Chile? Not as far as it might seem in the face of continual political stalemate.
China Optimistic on Peru Outlook, but Other Investors Wary
Bottom Line: China’s optimism as it enters final talks to acquire Petrobras’ assets in Peru is not shared yet with other potential foreign investors as the country fails to make…
Elections in Argentina May Quicken Investment Pace
Bottom line: Opposition to the economic policies of President Cristina Fernández Kirchner will translate into votes for anti-kirchneristas, and may contribute to a quicker pace of investment going into 2014.
Push-Back from Investors Improves Libra Prospects
Bottom line: In its final rules for the Libra auction scheduled for 21 October, the government of Brazil loosened the mandate to permit the winning bidder to retain 50% of…
China to Stake Claim off Brazil’s Coast
Bottom line: China likely to stake a claim off Brazil’s coast through Libra pre-salt auction, but at a potentially high environmental cost for Brazil.Analysis: Given the small field…
Risks Abound in Mexico’s New Oil Laws
Much has been made of the recent announcement that Mexico is seeking to update its oil laws, allowing foreign companies a role in the industry for the first time…
Exploring for Oil in Nicaragua: Friends in High Places
On 17 July, Nicaragua announced that US-based Noble Energy would invest $30 million in drilling two offshore wells in the Caribbean—launching Nicaragua’s first-ever oil exploration. The wells will be drilled…
Sweetening the Deal for Foreign Investors in Mexico
Bottom Line: As Mexico proceeds towards oil and gas liberalization and the modernization of state-run Pemex, it’s taking steps to lure in private companies by lifting restrictions on registering the…
Brazil’s Oil Profits to Fund Education, Healthcare
Brazil’s decision to earmark 100% of profits from sub-salt production to education and healthcare is a major step toward assuaging public hostility stemming from perceived injustice on the part of…
US and China Battle it Out for Latin America
According to Robert Valencia, China is vying for greater economic influence in Latin America, to include possibly constructing and operating an alternative ‘Panama Canal’ through Nicaragua. One unanticipated consequence of…
BRAZIL: Petrobras Discoveries Mean More Debt
Bottom Line: Petrobras has made the largest-ever crude oil discovery in Brazil as estimates for the Libra field are doubled to as much as 12 billion barrels, but the company’s…
ARGENTINA: Govt Lashes Out at ‘Hidden Money’
Bottom Line: Argentina is hoping to reign in hidden money and redirect it to government coffers with a new “tax amnesty” as the black market exchange rate hits 5.2 pesos…
