IPD EnergyNet
Our thought provoking and timely analysis of the energy industry offers IPD clients a unique local perspective that enables them to better understand energy dynamics and create opportunity.
Venezuela
Venezuela's Oil Diplomacy Tosses Russia, China and the U.S. into the Same Sinking Boat
President Hugo Chávez deliberately wove China and Russia into the fabric of the Venezuelan oil industry. Now, as the Latin American country struggles, the two countries remain entrenched, as does the U.S., if only for geopolitical reasons.… [READ MORE]
Venezuela
IPD Brief - Venezuela's October 2019 Oil Production Spike
Venezuela’s oil production spiked suddenly in October. Several factors contributed to the uptick, and may support stronger output volumes through the end of the year.… [READ MORE]
Venezuela
Maduro's Power Grab, Guaidó's Gamble
Representatives from the Maduro administration and several opposition factions seem to have agreed that it is time to prepare for elections. The implications of the decision are far-reaching and do not bode well for the opposition. Maduro may have just moved the pieces in position for a check-mate, and Guaidó has had to make a risky bet.… [READ MORE]
Mexico
PEMEX 3Q 2019 Results - Further Erosion of Market Credibility
On October 28th, PEMEX released its Q3 2019 results, touting that production increased 1.2% over the previous quarter and that the AMLO administration-initiated turnaround is showing clear and positive results. PEMEX bonds traded up the next day and the media regurgitated the PEMEX highlights. But upstream regulator CNH is not corroborating the supposed production turnaround. And a range of other pressing issues either glossed over or not addressed paint a very different picture of PEMEX’s state of play.… [READ MORE]
