In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone by the SEB team on Friday, SEB chief commodities analyst Bjarne Schieldrop and SEB commodities analyst Ole R. Hvalbye highlighted that the oil market is “nervous for the coming weekend”.
Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several mature fields.
Curious Minds Corner
What does the “E” in E85 fuel represent?
The E stands for Ethanol, a common blend seen at gas stations for alternative fuel.