Energy Update
WASHINGTON, Nov 4 (Reuters) - A Vatican-mediated dialogue
between Venezuela's government and opposition is the last, best
chance to find a peaceful solution to end the country's
political crisis, U.S. Undersecretary of State for Political
Affairs Tom Shannon said on Friday.
We studied the movement of oil pricing in the 90 days immediately following the most recent presidential elections in the US — the world’s largest economy.
CARACAS, Nov 4 (Reuters) - Venezuelan state oil company
PDVSA on Friday signed financing deals totaling nearly $1.45
billion with a local firm and India's ONGC Videsh Limited
to raise production at joint venture operations.
(Adds rigs in Permian)
Nov 4 (Reuters) - U.S. oil drillers increased rigs this week
for a 20th week in the last 23, as energy firms follow through
on plans to add rigs made months ago when crude was still
trading over the key $50 a barrel level analysts said should
lead to more drilling.
Drillers added nine oil rigs in the week to Nov. 4, bringing
the total count up to 450, the most since February, but still
Nov 4 (Reuters) - U.S. oil drillers increased rigs this week
for a 20th week in the last 23, as energy firms follow through
on plans to add rigs made months ago when crude was still
trading over the key $50 a barrel level analysts said should
lead to more drilling.
Drillers added nine oil rigs in the week to Nov. 4, bringing
the total count up to 450, the most since February, but still
CARACAS, Nov 4 (Reuters) - Venezuelan state oil company
PDVSA on Friday announced financing deals totaling nearly $1.45
billion with local firm Delta Petroleum and India's ONGC
that will be used to raise production at joint venture
operations.
MILAN, Nov 4 (Reuters) - Asian spot liquefied natural gas
(LNG) prices rose this week on the back of rallying gas
benchmarks in Europe and a production outage in Angola.
NEW DELHI, Nov 4 (Reuters) - India's Reliance Industries Ltd
is to contest a $1.55 billion fine imposed by the
government on the company and its partners for selling gas
belonging to the blocks of Oil and Natural Gas Corp,
Reliance said in a statement.
SAO PAULO, Nov 4 (Reuters) - State-run oil company Petrobras
could receive as much as $20 billion from the
Brazilian government in compensation for a fall in oil prices
since an oil-for-stock swap in 2010, newspaper Folha de S. Paulo
said on Friday.
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