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
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
Unusual crude oil grades are making their way onto the global market as refiners slash runs amid cratering demand. Lockdowns and quarantines as a result of the coronavirus are freeing crude grades that are typically consumed in their domestic markets.
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
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.
Brazilian crude exports to Europe are ticking higher so far this year as appetite for heavy grades stands strong following the new regulation on marine fuels, known as IMO 2020. Brazilian loadings bound for Europe have been kicking higher so
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
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.
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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