Energy News 4/18/2018

Two Chevron  executives have been arrested in Venezuela. Venezuela has declined to release the reasons for the arrests. Link

 

 Libya's oil chief Mustafa Sanalla has asked  for foreign aid to help stop the countries out of control fuel smuggling. Around   30% to 40% percent of fuel produced and imported by Libya is stolen or smuggled and is costing the country  $750 million a year. Link

 

Crude inventories decreased by 1.1 million barrels last week , bringing   US  inventories to 427.6 million barrels . Link

 

Austin Kuettel