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ESAI ENERGY IN THE NEWS

Much at stake in Venezuela post-sanctions

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.

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Refiners Stung by Venezuela Sanctions Face U.S. Gulf Oil Exodus

Bloomberg:

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.

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AMLO’s Battle Against Fuel Theft

World Pipelines: 

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.

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