Tag: report
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Russian oil reduces temptations to China and India amid fierce competition for Espoo crude (report)
Russian companies tended to reduce offers of generous Russian oil discounts offered to China and India, the largest Asian and global economies, amid fierce competition for demand over the past months. Private Indian refineries are competing with their Chinese counterparts for future purchase contracts for Russian Espoo crude for delivery in April (2023), according to…
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Fuel prices in Morocco… a year of war, high prices and protests (report)
The war in Ukraine, which began in February (2022), had a significant impact on fuel prices in Morocco, among other Arab countries that were strongly affected by the crisis caused by the confusion and uncertainty about supply in the markets. The fuel markets in Morocco received a strong shock with the rise in international oil…
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US Gasoline Shortage May Exacerbate By Russian Diesel Embargo (Report)
The gasoline shortage crisis in the United States is set to worsen in the coming weeks and months, with seasonal fuel inventories dropping to their lowest levels in 13 years. New York and most states on the east coast of the United States are expected to be at risk of severe fuel shortages this summer,…
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The largest US refineries are regaining their activity, and the rest are still suffering (report)
The largest US refineries are preparing to return to normal activity after the wave of severe storms that disrupted their production subsided over the past weeks, but other refineries are still suffering, prompting Canadian crude to search for new buyers in Asia. The Port Arthur refinery in Texas is preparing to announce the regularity of…
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The US oil sector awaits a breakthrough in the complex permit crisis before the presidential elections (report)
The US oil sector hopes to resolve the complex bureaucratic permitting crisis that is hindering infrastructure work for new projects in the sector from launching during 2023, after years of unsuccessful pressure. Lobbyists in the oil and gas sector in the United States are exerting strong pressure on members of the US Congress to pass…
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Features of the global oil and gas markets during 2024 (report)
Read in this article Global oil production may rise to a record level in 2024. Higher oil production than consumption may drop crude prices. Growth in global oil demand may exceed 1.7 million barrels per day. Expectations of a decline in gasoline and diesel prices in the United States during 2024. Natural gas production in…
