Manuel Torres Laveaga

[OIL PRICES] The oil cartel OPEC is right to warn that sh...

Saudi Arabia's oil minister Ali al-Naimi and Abdalla El-Badri, secretary-general of OPEC, said low demand was "wreaking havoc" by halting investment in the sector. Oil prices in London fell near to $40 per barrel this week – down from a ... Read more

[OIL PRICES] The oil cartel OPEC is right to warn that sh...

Saudi Arabia's oil minister Ali al-Naimi and Abdalla El-Badri, secretary-general of OPEC, said low demand was "wreaking havoc" by halting investment in the sector. Oil prices in London fell near to $40 per barrel this week – down from a ... Read more

[SOUTH AMERICA] Petrobras Oil Hunter Estrella Fights to K...

Guilherme Estrella found an undersea lake of oil that may transform Brazil’s economy forever. Now, the exploration chief for Petroleo Brasileiro SA is at the center of a debate over who will profit from it. At stake is how much ... Read more

[SOUTH AMERICA] Petrobras Oil Hunter Estrella Fights to K...

Guilherme Estrella found an undersea lake of oil that may transform Brazil’s economy forever. Now, the exploration chief for Petroleo Brasileiro SA is at the center of a debate over who will profit from it. At stake is how much ... Read more

IRAN - ARMENIA, pipeline

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EUROPE: New natural gas price shock for Ukrainian economy

The new rate on natural gas imported to Ukraine at $179.5 per 1,000 cubic meters will be a shock for the larger part of the Ukrainian economy, REGNUM quotes president of Ukraine Viktor Yushchenko to say Dec 6 while speaking ... Read more

NIGERIA: CNOOC Considers Stake in Shell's Nigerian Assets...

Cnooc Ltd. is considering buying stakes in two Nigerian blocks held by Royal Dutch Shell Plc, the Wall Street Journal reported, citing an unidentified person familiar with the matter. ... [[ This is a content summary only. Visit my website ... Read more

OPEC MEETING: Iran attack to spark $200 oil

Venezuelan President Hugo Chavez warns the US that oil prices could surge up to $200 per barrel if any attack is launched against Iran. "If the US is crazy enough to attack Iran or commit aggression... [[ This is a ... Read more

OPEC MEETING: Saudi Arabia Won't Include U.S. Dollar in O...

Saudi Arabia, the world's largest crude oil exporter, rejected a proposal by Iran and Venezuela to discuss the weak dollar at this weekend's OPEC summit in Riyadh, saying it didn't want the U.S.... [[ This is a content summary only. ... Read more

[OIL PRICES] The oil cartel OPEC is right to warn that sh...

Saudi Arabia's oil minister Ali al-Naimi and Abdalla El-Badri, secretary-general of OPEC, said low demand was "wreaking havoc" by halting investment in the sector. Oil prices in London fell near to $40 per barrel this week – down from a ... Read more

[SOUTH AMERICA] Petrobras Oil Hunter Estrella Fights to K...

Guilherme Estrella found an undersea lake of oil that may transform Brazil’s economy forever. Now, the exploration chief for Petroleo Brasileiro SA is at the center of a debate over who will profit from it. At stake is how much ... Read more

OCEANIA: BHP Billiton's about-face leaves Rio Tinto in a ...

There are good reasons for BHP pulling the deal. The commodity markets have soured dramatically, hitting both groups’ cash flow prospects and removing the deal’s main, if unspoken, attraction – driving up prices in a bull market. Moreover, the divestments ... Read more

[EUROASIA] Russian reactor builder to provide details on ...

Russian nuclear power plant builder Atomstroyexport will by mid-December meet Turkey's request for further information on the company's bid to build a power plant, a senior company official said on Friday. Atomstroyexport, acting through a consortium with Russian power producer ... Read more