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Mexico’s Pemex payment crisis: suppliers threaten July shutdown

Oil & Gas 360º

Pemex, one of Mexico’s largest companies, has an outstanding debt with an extensive list of suppliers and contractors of around $20 billion, in addition to another financial debt of $101 billion, despite the injection of billions of dollars from the government in the last few years to face the amortizations.

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What is the Iraq-Turkey oil pipeline dispute and who's on the hook?

Energy Central

According to the federal government of Iraq, only SOMO, a state-owned marketing company, is authorized to oversee crude exports through Ceyhan.

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

Meanwhile, Permian-quality crude at the Magellan East Houston (MEH) terminal, the main price assessment point along the Gulf Coast, traded at a $1.31 crude futures. Net input of crude oil to refiners on average over 4 weeks to the last week was 15.5 premium to U.S. That compared to a $1.47 premium last year. million, 4.2%

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Chevron’s Venezuela oil contractors continue work despite impending Trump deadline

Oil & Gas 360º

(World Oil) – Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a U.S. government deadline to stop producing oil there by early April. government.

Oil
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Oil prices climb on US crude, fuel stock draw, Venezuela supply worries

Oil & Gas 360º

(Investing) –HOUSTON -Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude. a barrel by 10:42 a.m.

Oil