Tag: crude

The Latam Corona vs. Economy Dilemma

Coronavirus was a distant concern for us in Latin America back in February. Higher infection rates in colder weather made the idea of COVID-19 even harder to grasp as a threat. Life continued as normal, and the pandemic felt a

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US-China Energy Flows Belie Combative Rhetoric

Tension between the United States and China has ratcheted up in recent weeks amid increasingly hostile rhetoric. The global spread of the coronavirus has further hurt relations between Beijing and Washington, stoking the possibility of a new trade war amid

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Record Saudi Flows vs Tariff Woes

I was on CNBC Asia last night, discussing the potential for a synchronized production cut – or the prospects of US oil tariffs – amid rampant Saudi crude loadings in recent weeks. We discussed whether the threat of US tariffs

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Latam Oil Exports in a Time of Quarantine

The economies of both Colombia and Ecuador face significant headwinds as oil prices remain depressed and the coronavirus spreads through the region. Colombian crude oil exports have rebounded so far this year, after averaging 582,000 barrels per day in 2019.

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Colombia’s Give and Take with the US

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

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Awaiting the Coronavirus Impact

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

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Global Crude Weekly

Given the lack of market reaction following the recent supply fallout in Libya, extending and even deepening production curtailments under the OPEC+ plan might just not cut it.

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Domestic Crude Oil East

December was not only a record month for shale crude exports from the US Gulf Coast but also for exports of offshore produced-crude, which at 262,000 barrels per day reached the fastest monthly pace in a year.

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