Articles || Energy

Crude Oil Speculation: Cushing’s Inventory Manipulation II

Published on

December 9, 2018


As indicated before by the CFTC, Parnon/Arcadia intended to make a lot of money by manipulating the inventories at Cushing. Their strategy consisted in selling NYMEX WTI contracts, while making other traders believe that the market was tight. However, the end-of-month balance would be modified – unexpectedly – into a surprise surplus, leading to a […]

Apuntes de política petrolera venezolana (VIII)

Artículo original por Carlos Mendoza Potellá. CITGO y la “Internacionalización” (Cuarta parte) Cumpliendo lo prometido en el “Apunte” anterior,  propongo a los lectores una revisión de los últimos resultados disponibles de los negocios internacionales de PDVSA, 2012-2016. Allí se puede constatar que no es gratuito el calificativo de “pírricos” que machaconamente he atribuido a los […]

Moderate growth for CAPEX in 2018

According to the International Energy Agency (AIE), in 2017 the investment in oil and gas upstream (CAPEX) grew 4% annually and represented 2/3 of that of 2014. This pace of progress allowed it to resume a moderate climb path after the unfavorable performances in previous years, product of the collapse of prices in 2014, which […]

Los 50 mayores yacimientos de crudo del mundo (Parte 2)

De acuerdo con la clasificación de la OPEP, los 10 más grandes yacimientos de crudo del mundo se ubican en Arabia Saudita, Kuwait, Irán, Iraq y Emiratos Árabes. Entretanto, las estadísticas tomadas de la OPEP, evidencian que, del total de crudo de los 10 yacimientos más grandes del mundo, con la tecnología de hoy, alrededor […]

Oil in West Africa: Part One 1999 to 2010

Both the United States and China are dependent on their petroleum imports. Both countries need safe and secure suppliers who have long-term in situ reserves. This article is the first of a brief series that will look at the role that West Africa has played in the international petroleum market during the last two decades […]