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Showing research about Energy - Crude Oil

20190429-neste-venezuela

Neste Supply Chain Situation Fluid as Venezuela Sanctions Bite

The widening impact of U.S. sanctions against Venezuela has led to lower-than-expected profitability at Neste. The European refiner has a joint venture with Venezuela’s PdVSA which has faced tighter import rules since January. Neste CEO Peter Vanacker has stated the firm is “trying... Read more →

20190424-hormuz-lng

Marathon Faces Race for Replacement Oil if Hormuz Straits Close

The Iranian National Guard has threatened to close the Straits of Hormuz in response to the U.S. removal of waivers for exports for Iranian crude oil. The U.S. military has indicated that it may respond, raising risks for hydrocarbon trade running through the Straits. U.S. exporters of LNG inc... Read more →

20190301-oil-imports-total

23-Year Low in U.S. Oil Imports May Prove Fleeting

U.S. crude oil imports hit their lowest since 1996 in the week to Feb. 23. While remarkable it is worth noting the context of February being a seasonal low for the year and the rolling three month average was down by just 6.0% year over year. The drop in shipments is due to seaborne imports fr... Read more →

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