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Exxon says Guyana insurance dispute could cut revenue $350 million/month

Exxon Mobil Corp on Friday said an ongoing dispute with the government of Guyana over oil-spill insurance could halt production at its first offshore platform, cutting revenue by about $350 million per month.

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EXCLUSIVE-Venezuela's oil tankers at risk of sinking, fires, spills, report finds

More than half of the 22 oil tankers in Venezuela's fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters.

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Brazil imports first cargo of Guyanese crude -source

* Exxon sells 1 mln-bbl cargo to independent refiner - source

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Iranian supertanker departing from Venezuela to transport heavy oil

An Iran-flagged supertanker on Saturday was about to set sail from Venezuelan waters carrying 2 million barrels of heavy crude provided by state-run oil firm PDVSA, according to documents seen by Reuters and vessel tracking services.

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Latin American oil gains ground in India at Mideast expense - data

Latin American crude gained ground in India's oil imports in September, with its share rising to an 11-month high as buyers replaced costlier Middle Eastern grades, data from industry sources showed.

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Mexico's Pemex buys 100% stake in Texas refinery from partner Shell

Mexico's President Andres Manuel Lopez Obrador said on Monday that Royal Dutch Shell Plc has finalized the sale of a 100% stake in the Deer Park refinery in Houston to its joint-venture partner, the Mexican state oil firm Pemex.

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UPDATE 1-Petrobras reverses losses, signals continuity

The new executive board of Brazil's Petrobras signaled on Thursday that it would largely follow plans set out by the previous administration, statements likely to ease investor concerns about the firm's tumultuous start to 2021.

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Brazil's Petrobras to keep flexible fuel price policy

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RIO DE JANEIRO (Reuters) -Petroleo Brasileiro SA will leave its fuel pricing policy unchanged, the company’s new trading chief said on Friday, which in practice gives the company significant flexibility to avoid international market volatility when it sets prices.
FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
In 2020, Petrobras, as the Rio de Janeiro-based firm is known, extended from three months to one year the period for which it calculates the international price parity of the fuels it sells.

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OPEC's share of Indian oil imports plunges to two decade low - trade

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NEW DELHI (Reuters) - OPEC’s share of India’s oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia’s third largest economy fell to a six-year low, data obtained from industry and trade sources showed.
FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo
Total crude imports by the world’s third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier, the data showed.

Iraq , Nigeria , United-states , India , Saudi-arabia , United-arab-emirates , Canada , Venezuela , Canadian , Kirsten-donovan , Nidhi-verma , Thomson-reuters-trust-principles

Mexico to absorb Pemex debt payments in latest round of help

3 Min Read
ACACHAPAN Y COLMENA, Mexico (Reuters) - Mexico’s government will absorb regular debt payments this year for Petroleos Mexicanos (Pemex), as President Andres Manuel Lopez Obrador intensifies his efforts to prop up the heavily-indebted state-run oil company.
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Those so-called debt amortization payments will total over $6 billion in 2021, Chief Executive Officer Octavio Romero said Thursday at an event in southern Mexico in the president’s home state Tabasco, one of the country’s biggest oil producers.
“The president of the republic has offered, since the campaign, to rescue Pemex, and he is demonstrating that with actions,” Romero said, standing alongside Lopez Obrador.

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