Amir Richani

A particular grade of heavy-sweet crude oil produced by Brazil is in high demand thanks to the International Maritime Organization’s upcoming sulfur cap. The new regulation goes into effect on January 1 and will limit the permissible sulfur content of marine fuels to 0.5 percent, down from its current level of 3.5 percent. As a […]

Venezuela: between political crisis and oil flows.

Mexican light crude imports are absent so far in 2019.

A month and a half have passed since US sanctions restricted exports of Venezuelan crude oil to US refiners. Although the South American country is the biggest loser, refineries on the US Gulf Coast are also affected by US foreign policy.

As the US closes its doors to Venezuelan crude, we see more cargoes heading to Asia, with India as the primary destination amid talk of PdVSA seeking to barter for its oil.

Sanciones en Contra de Venezuela Comienzan a Tener Efecto

US sanctions on PdVSA and Venezuela are already having a significant impact. Imports of clean products into Venezuela have halted, while Venezuelan crude exports to the US have dropped considerably.

Mexican Imports of Gasoline Decreased in January.