vedere moneta che io dare cammello
Oil providers ask Venezuela's PDVSA for cargo prepayments -sources | Reuters
Oil providers ask Venezuela's PDVSA for cargo prepayments
Nov 19 Big oil suppliers have started requiring prepayment when selling cargoes of crude and refined products to Venezuela's PDVSA, a bid to curb potential risks from the state-run company's well-known cashflow woes, five sources from firms involved in the deals told Reuters.
One international trading firm, which has had strong commercial ties with PDVSA, has decided to limit future spot sales to the company over worries that even a prepayment agreement would carry risks, two of the sources said.
The Venezuelan company has ramped up tenders on the open market this year to import crude and diluents for its extra heavy oil output, but payments are taking a long time to arrive because low oil prices have crimped revenues, the sources said.
A PDVSA representative did not respond to a request for comment. Last month, PDVSA President Eulogio Del Pino said the company would honor all debts despite low oil prices.
PDVSA's latest detailed financial statements show that at the end of 2014 its financial debt reached $46.15 billion, while its accounts payable to suppliers were $20.86 billion.
Statoil, Royal Dutch Shell and France's Total, among others, have delivered some 13 cargoes of African and Russian crudes to PDVSA during 2015 at its Bullenbay terminal in the Caribbean island of Curacao, according to tender documents, fixtures, vessel tracking data and PDVSA.
The Venezuelan firm has also made recent purchases of refined products from Vitol, Trafigura and Noble Group .
Some providers are agreeing to be paid at least in part with Venezuelan oil or requiring a type of prepayment that involves loading cargoes and paying for them just before delivery, giving PDVSA a few weeks to pay for crudes coming from West Africa, sources added.
Even so, logistical headaches can arise.
The Maran Pythia tanker, booked by Statoil, loaded on Oct. 19 in Angola and has been waiting around Curacao to discharge since early November. The Los Angeles Spirit tanker booked by Total has not discharged after arriving in the Caribbean Nov. 15, according to vessel tracking data.
Statoil said it has a policy not to comment on trade issues. Shell and Total did not answer requests for comment.
Sources said some international trading firms are routing sales through small firms willing to take on payment risk.
PDVSA's latest tender to import crude was awarded this week to a relatively unknown firm named Helsinge Inc, which confirmed the sale, for a 1 million-barrel cargo of Nigeria's Qua Iboe crude.
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EEUU ofrece disculpas a Venezuela por ingreso a espacio aéreo - Nacional y Política
Washington.- Estados Unidos ofreció disculpas a Venezuela por sobrevolar su espacio aéreo durante una operación antinarcóticos a comienzos de mes, dijo el martes el principal militar estadounidense para América Latina y el Caribe.
El general John Kelly, comandante del Comando Sur, relató que la aeronave estadounidense voló 3,5 minutos en espacio territorial venezolano.
"Voló 3,5 minutos dentro del límite de las 12 millas, pero no se acercó a las nueve millas", indicó el funcionario al responder una pregunta de The Associated Press durante una conferencia que dictó en el International Institute for Strategic Studies. "Lo admitimos y ofrecimos una disculpa", agregó.
Kelly explicó que el vuelo ocurrió mientras daban seguimiento a una embarcación que transportaba una tonelada de cocaína.
"Sería mejor tener mejor cooperación antinarcóticos de Venezuela. Tenemos cooperación increíble de casi todos los países en la región. Pero hay un par con los que no", señaló.
The Associated Press solicitó un comentario a la embajada venezolana, sin obtenerlo de inmediato.
El ministro venezolano de la Defensa, Vladimir Padrino López, denunció a comienzos de mes la violación del espacio aéreo sobre el archipiélago Los Monjes y cuestionó la presencia del portaaviones estadounidense George Washington cerca de Venezuela cuando celebre elecciones legislativas el 6 de diciembre.
Kelly señaló el martes que la ruta de portaaviones fue determinada hace tres años y negó categóricamente que guarde relación alguna con las elecciones legislativas.
"No estará más cerca a Venezuela que al resto del Caribe. No hay relación alguna" con los comicios, señaló.
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25 mld di usd per produrre in iran è un grosso investimento, nel tempo darà i suoi frutti in termini di barili.
PressTV-Iran lines up $25 billion energy investment
Iran has put together a package for $25 billion of investment in its booming power industry which is key to the country’s economic recovery, head of Iran Power Transmission, Generation and Distribution Company (Tavanir) says.
“Iran’s power industry is facing an average growth of 5% (in energy demands) a year which calls for building annually 5,000 megawatts of additional power generation capacity at minimum,” Arash Kordi said.
The country needs to invest $7-8 billion a year in its power generation and distribution sector in order to keep pace with its growing demands, the official said.
“The package for investment by foreign companies in various sectors of electric power industry at a sum of $25 billion has been prepared,” Kordi said.
With the imminent lifting of sanctions, Iran is pushing through a series of measures to revitalize its economy which is currently immersed in a deep recession.
“In the post-election period next year, we will witness a growth and boom in the industry sector which will entail in a 7% growth in energy consumption,” Kordi said.
Iran’s total power capacity stands at 74,000 megawatts which the country plans to raise to 100,000 MW in the next few years, according to Energy Minister Hamid Chitchian.
The government has drafted plans to expand the distribution network, cut waste, reduce consumption by raising domestic and industrial tariffs and invest in the renewable energy sector.
“
It is absolutely wrong to think we can achieve economic growth without having sufficient electricity production,” Chitchian has said.
However, the challenges are many and while energy demands are growing at 5% a year, growth in capacity is limited to a third of that.
Power outages were becoming an occasional occurrence before the West imposed new sanctions on Iran in 2011 but the phenomenon has become less of an issue in recent years partly due to the shrinking of economy.
As the country heads for the post-election era, the demand for electricity gets strenuous.
Earlier this month, Government spokesman Mohammad Baqer Nobakht said an agreement worth $6 billion had been signed with an unnamed European company to build 4,250 megawatts of power capacity in the country.
On Monday, Iran’s Ministry of Energy signed an agreement with a German company to build 1,250 megawatts of solar energy projects in the hydrocarbon-rich country’s latest move to green its energy supply chain.
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http://www.ft.com/intl/fastft/427561
Most members of the Federal Reserve's rate-setting body said at their October meeting that conditions for an increase in short-term interest rates "could well be met" by December, as the central bank prepares for the possibility for the first upward move since 2006.
Minutes from the central bank's October 27-28 meeting showed that members thought that it may be appropriate to lift rates on December 16 provided economic data continue to improve and that "unanticipated shocks" did not get in the way, reports Sam Fleming, US economics editor.
However the minutes also exposed continued divisions among Fed policymakers, with some warning that it was "unlikely" that information available by December would support an increase. They questioned whether the US economy was strong enough to withstand a sudden setback given the Fed's limited monetary firepower at a time of ultra-low rates.
October's meeting was a pivotal one in which the Fed left rates at near-zero levels but put global markets on notice that a rate increase was a serious possibility at its final meeting of the year.
In a manoeuvre aimed at priming the markets, its October statement explicitly flagged up the potential for a move on December 16 as it dropped previous warnings about financial and economic dangers lurking overseas. Discussing that language in the October meeting, rate-setters insisted that it should still be seen as leaving the Fed's policy options open.
The Fed in September held fire on a move from current near-zero levels because of turbulent moves in markets and worries that the Chinese authorities were struggling to keep their economy on track. However subsequent figures showing rapid jobs growth for October have heightened expectations that the Fed will move on December 16.
qui tutto il documento:
http://www.federalreserve.gov/monetarypolicy/files/fomcminutes20150917.pdf
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sulla produzione petrolifera dell'ISIS e relative zone di interesse in siria.
Syria oil map: the journey of a barrel of Isis oil
Isis controls most of Syria’s oil fields and crude is the militant group's biggest single source of revenue. Here we follow the progress of a barrel of oil from extraction to end user to see how the Isis production system works, who is making money from it, and why it is proving so challenging to disrupt.
Where the oil is extracted
Isis’s main oil producing region is in Syria’s eastern Deir Ezzor province, where production is somewhere between 34,000 to 40,000 barrels a day, according to locals. The group also controls the Qayyara field near Mosul in northern Iraq that produces about 8,000 barrels a day of heavier oil that is mostly used locally to make asphalt.
It is difficult to determine a definitive oil production figure for Isis-controlled areas. But it is clear production levels have dropped in the Syrian fields since they were taken over by the militants.
Most oil fields in the area are aging and despite the group's efforts to recruit skilled workers, it does not have the technology or equipment needed to maintain them. Even so, they continue to provide Isis with its most lucrative income stream.
The price of the oil depends on its quality. Some fields charge about $25 a barrel. Others, like al-Omar field, one of Syria’s largest, charge $45 a barrel. Overall, Isis is estimated to earn about $1.53m a day.
Oilfield Est. production (bpd) Price ($/barrel)
al-Tanak 15,000-17,000 $40
al-Omar 9,000-13,000 $45
al-Jabseh 2,500-3,000 $30
al-Tabqa 1500-1,800 $20
al-Kharata 1,000 $30
al-Shoula 650-800 $30
Deiro 600-1,000 $30
al-Taim 400-600 $40
al-Rashid 200-300 $25
Selling crude oil
Though many believe that Isis relies on exports for its oil revenue, it profits from its captive markets closer to home in the rebel-held territories of northern Syria and in its self-proclaimed “caliphate”, which straddles the border between Syria and Iraq.
The group sells most of its crude directly to independent traders at the oil fields. In a highly organised system, Syrian and Iraqi buyers queue in their tankers at the entrances to fields, often waiting for weeks.
poi ci sono altri contenuti sul link.
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sul petrolio:
poi qui ci sono un po' di robe sull'oil...
Iran Sanctions Could Be Lifted In January. Oil and banking sanctions against Iran might be lifted by mid-January based on the pace at which technicians are removing and mothballing nuclear equipment at the country’s uranium-enrichment facilities.
Iran Sanctions Might Be Lifted in January as Atomic Gear Removed - Bloomberg Business
Saudi's Ali Naimi Says OPEC Working With Others To Stabilize Market. Saudi Arabia is working with other OPEC members and producers from outside the group to stabilize the market, Saudi Oil Minister Ali al-Naimi says.
Saudi Oil Minister Says OPEC With Others to Stabilize Market - Bloomberg Business
Chinese O&G Production Slows In October. China has reported weaker growth in crude oil and natural gas production in October, as efforts by its leading state energy firms to restrict output begin to take effect.
Chinese oil and gas production slows in October - Oilpro
Evidence Of Graft In Petrobras Texas Refinery Deal. The Petrobras scandal has officially landed in the United States, as Brazilian prosecutors say they have evidence of graft tied to the company's 2006 purchase of a Texas refinery.
Evidence of graft in Petrobras Texas refinery deal, Brazil prosecutors say - Petro Global News
(non che io sia pro default ma solo che ritengo questa eventualità non da escludere a priori 
