Guyana held disputed general elections on Monday March 2, though claims of fraud are ratcheting up tension between political parties and casting doubt over the outcome. Guyana, the latest oil state, could slip into a deep political crisis – just
Mexican imports of petroleum products from China and South Korea doubled between 2018 and 2019, and though the United States remains by far its largest supplier, Asian refiners have gained market share in the Central American country. Last year, Mexico
Colombian crude oil exports last year were at the slowest pace on our records, although the export of new grades has helped temper a stronger decline. Last year, the South American country began exporting its heavy Acordionero and heavy sour
The Coronavirus is causing all manner of concerns across the world, claiming over 1,000 lives amid fears of a global economic slowdown. Nonetheless, we are yet to see an impact on oil flows heading to East Asia. In January, Chinese
Ecuador, who recently pulled out of OPEC, is playing a key role in the downstream sector on the U.S. west coast, as rising exports to the region make it one of the area’s main crude suppliers. Last year, Ecuador’s crude
Oil supermajor BP decided not to renew its five-year service contract for the Kirkuk field, which expired at the end of last year. The Iraqis are saying the withdrawal was driven by disappointing technical results, but the security situation must
Heavy fighting on the outskirts of the capital Tripoli and around the commercial hub of Misrata signal that the conflict in Libya – and interruptions to the flow of oil – is going to be extended.
Brazil has emerged as a global powerhouse in the crude market after production reached a record high last year of over 3 million barrels per day. Exports rose in tandem with production, climbing to average over 1mn bpd. The South
Welcome to Dan Graeber’s commentary on the intersection between geopolitical events and the price of oil. The indicator is based on the expected price volatility by the end of the current trading week. Risk level: Orange RED: Severe (+/- 4%)
Venezuela up until now was one of the leading global suppliers of heavy crude oil, keeping the coffers of President Nicolas Maduro flush with cash. With some of the richest deposits of oil in the world, it should be no
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