The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.
Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
While concerns about the stability of oil supply are increasing, Stratas Advisors does not expect oil supply to be disrupted – unless there is further escalation in the Middle East.
The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.
Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
Prices at the Waha Hub in West Texas closed at negative $2.99/MMBtu on April 15, its lowest since December 2022.
Azeri Central East offshore platform is the seventh oil platform installed in the Azeri-Chirag-Gunashli field in the Caspian Sea.
White House senior adviser John Podesta stopped short of saying there would be a release from the Strategic Petroleum Reserve any time soon at an industry conference on April 16.
While concerns about the stability of oil supply are increasing, Stratas Advisors does not expect oil supply to be disrupted – unless there is further escalation in the Middle East.
The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.
Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
Enterprise Products Partners’ Sea Port Oil Terminal is located approximately 30 nautical miles off Brazoria County, Texas, in 115 ft of water and is capable of loading 2 MMbbl/d of crude oil.