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2019-03-11 11:15:00

VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN

VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN

PLATTSAn international tribunal on Friday ordered Venezuela to pay ConocoPhillips roughly $8.7 billion in compensation for the seizure of company assets in 2007.

Among other payments, the World Bank Group's International Center for Settlement of Investment Disputes ordered Friday that Venezuela must pay nearly $4.5 billion to compensate for the seizure of ConocoPhillips' Hamaca project and nearly $3.4 billion to compensate for the seizure of its Petrozuata project. In addition to those two heavy oil…

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VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 27, 09:10:00
VENEZUELA'S OIL FOR CHINA
PLATTS - China's crude imports from Venezuela surged 50.7% month on month to 411,000 b/d or 1.74 million mt in January, posting the fifth month in a row of increase after hitting a four-year low last September, data released by the General Administration of Customs showed
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 27, 09:05:00
STRONG VENEZUELA SANCTIONS
PLATTS - The US is set to impose "even stronger sanctions" on Venezuela President Nicolas Maduro's financial networks, likely further hindering crude oil production and exports as US sanctions on state-owned oil company PDVSA entered their fifth week, US Vice President Mike Pence said Monday.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 8, 11:35:00
U.S., VENEZUELA SANCTIONS
EIA - Recently announced U.S. sanctions directed at Venezuela’s energy sector and state oil company, Petróleos de Venezuela, S.A. (PDVSA), will essentially eliminate U.S. imports of Venezuelan crude oil as the full effects of the sanctions emerge. However, the U.S. Energy Information Administration (EIA) does not anticipate any significant decrease in U.S. refinery runs as a result of these sanctions.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 1, 11:30:00
U.S. LOOSE VENEZUELA'S OIL 500 TBD
PLATTS- US refiners cannot rely on Mexico to replace Venezuelan heavy oil imports as the country is battling to reverse its declining production and Pemex's oil is sold under contractual basis, analysts and others say.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, January, 30, 11:35:00
WEAK VENEZUELA SANCTIONS
OGJ - “The sanctions will affect refinery margins in the US. Now they will have to import heavy crude from the Middle East at a premium. US refiners will be amongst the biggest losers, as we have noted earlier,” Rodriguez-Masiu said.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, January, 30, 11:30:00
U.S., VENEZUELA SANCTIONS ALWAYS
PLATTS - The Trump administration announced Monday that it will sanction PDVSA, Venezuela's state-owned oil company, a move that could suspend roughly 500,000 b/d of Venezuelan crude exports to US Gulf Coast refineries and shut down US exports of diluents to the South American nation.
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Tags: VENEZUELA, CONOCOPHILLIPS,
Chronicle:
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, May, 22, 10:35:00
CANADA'S GDP GROWTH 1.5%
Real GDP growth is projected to decline to 1.5 percent in 2019, partly reflecting a disappointing first quarter and more subdued global growth.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, May, 22, 10:30:00
INDONESIA'S GDP GROWTH 5.2%
Real GDP growth reached 5.2 percent in 2018, and is expected to remain at 5.2 percent in 2019, driven by robust domestic demand growth and supported by recovering bank credit.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, May, 22, 10:25:00
RUSSIA,RWANDA NUCLEAR
On the May 16, 2019, in Moscow, the roadmap for establishing Russian-Rwanda cooperation in the peaceful uses of atomic energy was signed.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, May, 21, 15:55:00
OIL PRICE: ABOVE $72 ANEW
Brent crude futures, the international benchmark for oil prices, were at $72.31 per barrel at 1030 GMT, up 34 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.7 percent, at $63.52 per barrel.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, May, 21, 15:45:00
BALANCED OIL MARKET
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, May, 21, 15:40:00
OPEC+ WILL STAY
"We want to bring inventories down to a more normal levels," Falih said. "We need to stay the course and do that in the weeks and months to come."
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, May, 21, 15:35:00
OPEC+ RUSSIA COOPERATION
Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end, from easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets.
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