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2019-01-09 10:45:00

VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD

VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD

PLATTS - The US issued new Venezuela sanctions Tuesday ahead of President Nicolas Maduro's inauguration, but analysts said additional actions, which could impact crude flows, are still being considered as the South American country's oil output is forecast to dip below 1 million b/d later this year.

The sanctions, which the US Treasury Department announced Tuesday, target seven individuals and two dozen entities, including the television news network Globovision and its owner, Raul Gorrin.

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Tags: VENEZUELA, OIL, PRODUCTION
Chronicle:
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
2019, July, 12, 07:50:00
SAUDI ARAMCO, MCDERMOTT CONTRACT $4.5 BLN
McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
2019, July, 12, 07:45:00
SAUDI ARAMCO, SAIPEM CONTRACT $3.5 BLN
As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
2019, July, 12, 07:40:00
LNG PRICE: NEAR $4.5
Spot prices for August delivery to Northeast Asia are estimated to be about $4.40 per million British thermal units (mmBtu), up 10 cents from last week, trade sources said.
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
2019, July, 10, 12:55:00
OIL PRICE: NEAR $65 AGAIN
WTI had climbed 93 cents, or 1.6%, to $58.76, having earlier risen to $58.84. Brent was up 70 cents, or 1.1%, at $64.86, after earlier touching $64.95.
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
2019, July, 10, 12:50:00
OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
2019, July, 10, 12:45:00
IRREVERSIBLE CLIMATE CHANGE
“The clock is ticking on irreversible climate change,” Adam Matthews, co-chair of the Transition Pathway Initiative (TPI) and the director of ethics and engagement at the Church of England Pensions Board, said in a statement.
VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
2019, July, 10, 12:40:00
CHEVRON, QATAR DEAL $8 BLN
Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, will be the majority owner with a 51 percent share, with Qatar Petroleum owning 49 percent of the project. The companies expect a final investment decision no later than 2021 for the project, which has a target of starting in 2024.
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