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Algeria Feeling the Brunt of US Shale
Algeria delivers the majority of its crude and condensate to the European market. Deliveries to Northwest Europe, Algeria’s top customer, have been running at an average of 314,000 barrels per day through the first 10 months of 2019, some 15 percent higher than over the same period last year. Although France and the United Kingdom […]
Tags: Algeria oil exports, Canada, Europe, Persian Gulf, Quebec, South Asia, US shale, Valero -
October Review of Global LNG Flows
Global exports of liquefied natural gas in October totaled approximately 30.8 million tons on board 507 vessels, considerably higher than October 2018’s pace of 27.6 million tons. Approximately 28.1 million tons arrived on 463 vessels at import terminals in October, compared to 26.5 million tons in September 2018. China did not receive any US LNG […]
Tags: Floating LNG, global lng market, Liquefaction, LNG, LNG exports, Natgas, oil, Regasification -
Brazil and Argentina: Winning on IMO 2020
We noted recently that Mexico and Venezuela will lose out once the marine fuel sulfur cap goes into force in January. Next we turn our focus to Argentina and Brazil, which can expect to reap the rewards of the IMO’s spec change. Beginning in January, the sulfur cap for marine fuels will change from 3.5 […]
Tags: Argentina, brazil, Escalante, IMO 2020, ostra, Vaca Muerta -
Khalifa Port – Behind Its Container Volumes Surge
Khalifa Port has seen its volumes jump on the back of concession agreements with COSCO Shipping Ports and Mediterranean Shipping Company. This growth will continue and undoubtedly grow stronger when COSCO’s and MSC’s terminals open properly for business at the port. Growth in China’s Belt and Road strategy, along with Khalifa owner Abu Dhabi Ports’ […]
Tags: china, containers, COSCO, Khalifa, MSC, Shipping, teu -
The Geopolitical Energy and Risk Monitoring Report
Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: ORANGE RED: Severe (+/- 4%) ORANGE: High (+/- […]
Tags: Brent, china, Economy, GDP, GERM, IEA, pompeo, Trade, Trump -
Asia, Europe Feel Benefit of Strong Libyan Crude Flows
Libya’s crude exports have remained strong over the past three months even though fighting between rival authorities makes for a fragile security situation in the OPEC producer. Total Libyan oil exports hit a three-month high in October, topping 1 million barrels per day as Asian buyers took advantage of relatively cheaper Brent-based pricing. The attacks […]
Tags: china, El Sharara, Es sider, Italy, Libya, Libya crude exports, Transalpine pipeline -
The Geopolitical Energy and Risk Monitoring Report
Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: ORANGE RED: Severe (+/- 4%) ORANGE: High (+/- […]
Tags: gas, GERM, Iran, Iraq, nord stream 2, oil, Quds, Russia, syria -
Mexico and Venezuela: Losing on IMO 2020.
The implementation of the IMO sulfur cap on marine fuels will change Latin American flows because of the impact on demand and prices for heavy-sour grades of crude oil. Many Latin American suppliers produce the heavy-sour crude good for production of high sulfur fuel oil (HSFO) and simple refiners without the capacity to trim HSFO […]
Tags: crude, IMO 2020, mexico, Venezuela