Mexico Close to Agreement with Talos Energy on Zama Project
The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a...
The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on June 3.
The handling of Zama, a deposit holding some 900 million barrels and located offshore in the southern Gulf of Mexico, which provoked a battle over who would run the project, is being closely watched by U.S. investors as a test of President Andres Manuel Lopez Obrador’s commitment to respecting private contracts in the politically sensitive energy sector.
🔥From Twitter: US May Allow More Iran Oil to Flow Even Without Deal, Says Vitol
The US may allow more sanctioned Iranian...
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, says Vitol executive, especially “if the midterms are dominated by the need to get gas prices lower in America.” https://t.co/Q4fgYWn9Zf
Saudis Raise Oil Prices More Than Expected Amid Asia Rebound
Saudi Arabia raised oil prices for its biggest market in Asia by more than expected as the region’s...
Saudi Arabia raised oil prices for its biggest market in Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand.
The increase for July shipments resumes a streak of hikes that started in February and was only broken when state producer Saudi Aramco cut prices from record levels a month ago.
Aramco raised its key Arab Light crude grade for Asian customers by $2.10 a barrel from June to $6.50 above the benchmark it uses. The market was expecting a boost of $1.50, according to a Bloomberg survey of refiners and traders.
Aramco also increased all grades for northwest Europe and the Mediterranean regions. Prices for US customers were kept unchanged for the second straight month.
Chevron's CEO Says No More U.S. Oil Refineries. What Should Energy Investors Do?
Mike Wirth, the CEO of oil giant Chevron (NYSE: CVX), says he doesn't believe there will ever be another...
Mike Wirth, the CEO of oil giant Chevron (NYSE: CVX), says he doesn't believe there will ever be another new oil refinery built in the U.S. He made that comment during a recent interview with Bloomberg TV discussing what the country can do to ease record prices at the pump. It suggests refining margins will stay strong.
U.S. to let Eni, Repsol ship Venezuela oil to Europe for debt
Italian oil company Eni SpA and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon...
Italian oil company Eni SpA and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela.
The volume of oil Eni and Repsol are expected to receive is not large, one of the people said, and any impact on global oil prices will be modest. But Washington's greenlight to resume Venezuela's long-frozen oil flows to Europe could provide a symbolic boost for Venezuelan President Nicolas Maduro.
A key condition, one of the people said, was that the oil received "has to go to Europe. It cannot be resold elsewhere."
