Mexico's crude oil production, currently at around 1.8MM b/d, is anticipated to decline significantly by 2030 due to depleting mature fields.
July 28, 2024
China's oil import landscape in the first half of 2024 reflects a complex interplay of geopolitical considerations and economic realities.
July 28, 2024
Asia's major refiners are increasingly turning to Canada's Trans Mountain Expansion (TMX) pipeline for crude supplies, marking a significant shift in regional sourcing strategies.
July 21, 2024
Russian seaborne crude exports have experienced a significant downturn in recent weeks, dropping to their lowest levels since Jan. 2024.
July 21, 2024
Recent developments highlight significant shifts in global oil dynamics, notably affecting African producers and Asian importers. Angola, once China's second-largest oil supplier, has seen its ranking plummet to eighth place by last year.
July 21, 2024
The Trans Mountain Expansion (TMX) pipeline is set to implement significant changes to quality regulations for heavy crude effective Sept. 1, following industry feedback.
June 29, 2024
Re-exports of Canadian heavy crude from the Gulf Coast rebounded in April, averaging 196K b/d, up by 42K b/d from March but down by 98K b/d compared to the previous year.
June 15, 2024
In May, Venezuela's oil exports saw a significant increase of 30% from the previous month, as state oil company PDVSA's clients expedited cargo shipments before the reinstatement of US sanctions.
June 09, 2024
Russian crude exports fell to a six-month low of 3.52MM b/d in May.
June 09, 2024
Since the US lifted its crude export ban in Dec. 2015, exports surged, reaching over 4 MM b/d by 2023, expanding to more than 50 countries.
June 08, 2024
