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US Exported 662,000 B/D of Crude in May, Highest on Record: EIA
Jul 29, 2016US crude exports jumped to their highest level on record in May, coming in at 662,000 b/d, monthly data from the US Energy Information Administration showed Friday. Exports are up from 591,000 b/d in April and have been up steadily from ...
Tags: crude exports, US crude
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Oil Futures Settled Higher on Support From Firm US Equities
Feb 26, 2014Oil futures settled higher Monday on support from firm US equities, geopolitical tensions and an easing of Libyan oil output, but the upside was limited by weak Chinese and eurozone data. NYMEX April crude settled 62 cents higher at ...
Tags: Oil Futures, oil output
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Petroleum & PDVSA Inaugurated The First Pipeline to Evacuate Oil From The Junin-5 Field
Nov 28, 2013Yesterday, the Minister of Petroleum and President of the state-owned company PDVSA, Rafael Ramirez, and a delegation of Eni, composed of the members of the board of directors and led by the Chief Executive Paolo Scaroni and the President ...
Tags: Venezuela, Oil Minister Rafael Ramirez, Eni, board, inaugurate, Junin-5
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Venezuelan Methanol Exports Was Affected by EU Tariff's Improvement
Sep 27, 2013The exports from Venezuela’s state-owned oil and natural gas company Petroleos de Venezuela (PDVSA), especially of methanol, would be affected severely in 2014, owing to the application of tariff increase by the European Union (EU). ...
Tags: EU Tariff, Methanol Exports
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Venezuela and China Have Agreed on The Terms of a Previously Announced $4 Billion
May 21, 2013Venezuela and China have agreed on the terms of a previously announced $4 billion financing deal to increase the output of their Sinovensa joint venture in Venezuela's Orinoco oil belt, the South American country's oil minister said late ...
Tags: Oil, Metallurgy, Mineral, Energy
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Recent Fiscal Changes in Venezuela Could Help State Oil Company PDVSA Significantly
Mar 26, 2013Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
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Chavez Died Tuesday in Caracas After an Almost Two-year Battle with Cancer
Mar 7, 2013Venezuelan President Hugo Chavez died Tuesday in Caracas after an almost two-year battle with cancer and 14 years of a dominating socialist presidency that leaves the country with the world's largest oil reserves mired in uncertainty. The ...
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Venezuela Has Its Eye on Becoming a Major Minerals Producer
Dec 28, 2012According to Maplecroft's principal Latin America analyst James Lockhart-Smith,Venezuela has its eye on becoming a major minerals producer,though its capacity to do so is in question. Mr Lockhart-Smith told BNamericas that"Specifically ...
Tags: Maplecroft, Latin America, Venezuela, minerals producer
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Revenues Increased by 14% Exports Increased by 11% to RS 112,667 Crore PBDIT
Dec 20, 2012Reliance Industries Limited (RIL) reported its financial performance for the quarter/half year ended 30th September, 2012. Highlights of Half Year’s Performance Revenues (turnover) increased by 14% to Rs 188,191 crore ($ 35.6 ...
Tags: financial performance, RIL, heavy crude oil
