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OPEC & Heavy Crude News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC & Heavy Crude News

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  • Venezuela lowers 2015 forecast oil capacity 13 pct 4 Nov 2009 03:51 GMT
    ... minister on Tuesday lowered the South American OPEC member's 2015 oil capacity target by 13 ... older fields combined with obstacles to new heavy crude development could keep production flat for years to come. Venezuela has announced ...

  • Peak oil review - Nov 2 2 Nov 2009 11:16 GMT
    ... growth. Given the volatility of the markets, OPEC ministers are sending mixed signals about what ... to launch a contract for the Argus heavy crude prior to January. Many observers believe the switch in price basis will make ...

  • Venezuela lowers its forecast for future oil 3 Nov 2009 21:14 GMT
    ... Rafel Ramirez yesterday lowered the South American Opec member’s 2015 oil capacity growth targets by ... older fields combined with obstacles to new heavy crude development could keep production flat for years to come. Venezuela has announced ...

  • FACTBOX-Oil company ventures eye Venezuela's Carabobo 5 Nov 2009 23:54 GMT
    ... set to bid on Venezuela's giant Carabobo heavy crude project, according to sources involved in the process. To read further the ... Carabobo is an integral part of the OPEC nation's plan to develop its substantial oil ...

  • Eni's third-quarter net profit tumbles 58% 29 Oct 2009 09:11 GMT
    ... first nine months of 2009). When excluding OPEC cuts, the decrease was 3.5% and 1.1%, ... help explain these trends. Firstly, significantly compressed light-heavy crude differentials due to a reduction in heavy crude availability on the marketplace negatively affected ...

  • Venezuela improves terms for Carabobo oil project 30 Oct 2009 21:30 GMT
    ... attract interest in the project as the OPEC nation faces lower oil revenues due to ... an upgrader to refine the Orinoco's tar-like heavy crude -- compared with the one year allowed under previous terms. The new terms also ...


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