Kallanish Energy: There’s a lot going on in Venezuela since Juan Guaidó, the head of the National Assembly, declared himself the country’s interim president, and the Trump administration imposed new sanctions on current President Nicolas Maduro and state-run PDVSA to support a government transition.
ESAI Energy uses the same country-by-country approach to analyzing and forecasting supply and demand of alternative fuels as it does for the petroleum market.
The Global Crude Oil Outlook is ESAI Energy’s “Flagship” product and helps paint a picture of the industry future we envision to help clients see more clearly the possibilities in this increasingly complex market.
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ESAI Energy undertakes proprietary studies for clients on topics related to building, modifying or valuing a refinery. Our fuel specifications and refinery databases have allowed our team to develop long term projections of supply and demand for petroleum products based on location and quality.
Crude exports from the Gulf of Mexico are picking up at the worst time for American refiners.
Rising production and falling freight rates are behind a surge of overseas shipments of Mars crude, a medium sour oil produced in the U.S. Gulf of Mexico. This comes as sanctions on Venezuela and OPEC’s production cut agreement are limiting the availability of similar types of oil that U.S. refiners are optimized to process.
Mexico’s new President, Andrés Manuel López Obrador, hoped to kill two birds with one stone: reduce theft from gasoline pipelines and diminish Mexico’s reliance on gasoline imports from the US. Instead, the recent pipeline closures and related explosion that resulted in the deaths of at least 96 people have caused a spike in gasoline imports from the US in January. This increase in imports, notes ESAI Energy’s recent Latin America Watch, comes even as supply shortages have dented demand for motor gasoline by as much as 40 000 bpd this month.
Mexico’s fuel shortages could deepen in the weeks ahead following the decision by Mexico’s new president, Andres Manuel Lopez Obrador, to shut product pipelines in an effort to crack down on rampant theft, explains ESAI Energy in a market update issued this morning.