Venezuela's Oil-linked Cryptocurrency Leaves Heads Spinning
Beaten-down Venezuela on Tuesday began confronting a 95 percent currency devaluation and a regimen of economic controls that, after years of hunger and hyperinflation, landed like a hassle rather than a cataclysm.



Reuters

HOUSTON, Aug 20 (Reuters) - Venezuela's PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run BOP Blow Out Preventer repair company gulf coast to resume use of a key storage terminal in the Caribbean, the U.S.



WTI Clears $68 on Iran Sanctions Outlook
The WTI crude oil futures contract for September surged to $68.10 a barrel Thursday.

The WTI crude oil futures contract for September surged to $68.10 a barrel Thursday amid ongoing expectations that the United States will impose economic sanctions on Iran.



Reuters

QUITO, Aug 20 (Reuters) - Ecuador postponed planned maintenance on its 110,000 barrel-per-day Esmeraldas refinery due to a delay in the delivery of pipes that will be installed in several units, the oil ministry said on Monday.



Reuters

MOSCOW, Aug 21 (Reuters) - The Caspian pipeline consortium (CPC) expects to pump about 60 million tonnes of CPC Blend crude oil via the CPC pipeline this year, down from the previous plan for 67 million tonnes, the consortium told Reuters on Tuesday.



Reuters

LONDON, Aug 21 (Reuters) - Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said, adding to signs that OPEC's second-largest producer is following through on the group's agreement to raise output.



ONGC Provides Relief Support to Flood-Affected Kerala
Oil and Natural Gas Corporation Limited (ONGC) is providing relief support for the flood-affected Indian state of Kerala.

Oil and Natural Gas Corporation Limited (ONGC) is providing relief support for the flood-affected Indian state of Kerala.



North Sea Tolmount Main Gas Field Gets Green Light
Premier Oil says the development of its Tolmount Main gas field, located in the southern North Sea, has been sanctioned by joint venture and infrastructure partners.



Reuters

BEIJING, Aug 20 (Reuters) - State-run oil BOP Blow Out Preventer repair company gulf coast Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business.



Brazil's Petrobras Sees No Fuel Supply Shortage After Replan Fire
A fire at the company's largest Sao Paulo refinery is not expected to compromise fuel supplies in the short run.

Reuters


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