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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 -
Venezuela Looks to Europe and Beyond to Replace US Product Imports
Before the Trump administration began its crackdown on Caracas, the United States was the largest supplier of refined products to Venezuela. With strict sanctions in place, Venezuela has now turned to the European market, and notably Russia, in order to maintain a relatively steady level of imports of gasoline and middle distillates. US sanctions imposed […]
Tags: diluent, gasoline, middle distillates, OPEC, pdvsa, sanctions, Venezuela -
GeopoliticOIL: Venezuela
Venezuelan oil export loadings are strong so far in June. Russia, meanwhile, continues to bet on Nicolas Maduro’s success.
Tags: exports, Maduro, oil, Russia, Venezuela -
Venezuela: between political crisis and oil flows
Venezuela: between political crisis and oil flows.
Tags: Venezuela, Venezuela sanctions -
US Gulf Refiners Work to Mind the Venezuelan Gap
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.
Tags: brazil, Colombia, us gulf coast, Venezuela, Venezuelan exports -
Changing Trends in Venezuelan Flows
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.
Tags: pdvsa, Venezuela, Venezuela oil exports, Venezuela sanctions