Saudi Arabia set the Official Selling Price (OSP) for its heavy grade for buyers in the Far East at $2.20/bbl above the Middle-Eastern benchmark for Oct.—$3.80/bbl lower than the $6.00/bbl premium that had been in place for Sept.
October 10, 2022
The US's decision to release 180MM bbl from its Strategic Petroleum Reserve (SPR) has reduced US refiners' demand for WCS because the SPR barrels mainly comprise medium-sour grades, leading to increased competition for Canada's heavy-sour WCS.
October 04, 2022
Speaking during the week ending Sept. 16, Venezuelan President Nicolas Maduro stated that his country is ready to boost oil exports should US sanctions be removed.
September 26, 2022
The heavy-sour grade, which is produced by Italian oil major Eni in the Amoca, Mizton and Tecoalli offshore fields, has seen increased interest from US refiners, such as Marathon Petroleum Corp. and PBF Energy Inc., as reported in the Aug.-29 Digest.
September 19, 2022
The prospects for sending out crude from the two regions are poor at the moment, with weaker demand ...
September 12, 2022
On Aug. 19, US District Court Judge Carl Nichols upheld a 2019 award of $8.75B from the World Bank's International Center for Settlement of Investment Disputes to ConocoPhillips (COP) over the 2007 expropriation of its Venezuelan oil assets.
September 05, 2022
US refiners, including Marathon Petroleum Corp. and PBF Energy Inc., have been boosting imports of a new Mexican crude grade, Mizton, produced by Eni.
August 29, 2022
Alberta is the prominent oilsands producer in Canada. Its oil output averaged a record 3.6MM b/d over H1, up 100K b/d from H1 2021, according to ATB Financial (owned by Alberta).
August 22, 2022
According to data from Refinitiv Eikon released on Aug. 2, Venezuelan oil exports ..
August 15, 2022
The Spanish energy firm confirmed during its 2Q earnings call on July 28 that it has resumed its oil-for-debt swaps deal with Venezuela.
August 08, 2022
