Jeff Mower

Diesel imports into Brazil have risen in recent months, but remains below a recent peak seen in January as the South American country deals with new payment terms for Russian barrels. Not only that...

With startup a month ahead of schedule, the Trans Mountain Expansion is poised to start commercial operations May 1. The 590,000 b/d of added capacity creates significant breathing room for the in-dem

The 2024 CERAWeek by S&P Global conference just wrapped up in Houston, where oil industry executives were talking up, often aggressively, the need for oil and gas to remain in the mix during the tran

Oil industry executives at the CERAWeek by S&P Global conference were largely bullish on oil production growth, shedding recessionary concerns voiced the prior year. They were less enthusiastic about

WCS discount tightens to roughly $14/b Debottlenecking, reducing agents can expand capacity up to 500,000 b/d Canadian growth depends on demand, carbon capture success Canadian crude price discounts h

Mexican output expected to decline without policy change Harbour hopeful ‘pragmatism will prevail’ in Mexico Next administration faces heavily indebted state oil company Mexico could revise its energy

Following a 1 million b/d growth in US oil output in 2023, oil producers and service companies have been warning of slowing growth this year during their fourth quarter earnings calls. Will production

For the first Oil Markets episode of 2024, S&P Global Commodity Insights’ oil experts team up across pricing, news and research to provide a fresh look at the crudes everyone is talking about — the ne

Guyana’s offshore oil sector is booming, with over 11 billion barrels of oil equivalent of resources discovered so far, and an ExxonMobil-led consortium advancing what could prove to be its seventh de

Hilary expected to weaken to tropical storm Potential flooding poses ‘medium risk’ to USWC output Los Angeles gasoline, diesel prices spike US West Coast spot refined products prices remained elevated

SPR withdraws balance out high refinery runs WTI MEH arbitrage to Asia remains open High gasoline prices encourage imports US crude inventories likely declined the week ended June 16 as refinery runs

Canada’s crude production has been reduced in recent weeks by wildfires in Alberta, tightening price discounts for some Canadian crude grades. While the bulk of output has returned, and longer-term ou

Crude stocks at slight deficit to five year average Crude exports jump to 4.8 million b/d US gasoline inventories tighten despite higher output US crude inventories fell 5.1 million barrels to 460.9 m

Italy’s Eni has been one of the most successful drillers in Mexico. One of many E&P companies active in Mexico’s upstream auctions following the country’s 2013-2014 liberalization, Eni was the first i

Oil and gas producers and service companies have been reporting their fourth-quarter earnings over the past few weeks. And, apart from the headline-grabbing record profits, we’ve seen some common them

Price regulation plays an important political and economic role in emerging countries, and Latin American countries this year have faced oil price volatility that has forced them to look for buffer al

Crude futures settled higher Dec. 13 amid a further easing of COVID 19 restrictions in China, and a tightening of supplies from Canada and Russia.

The development of Mexico’s upstream oil sector has slowed since President Lopez Obrador was elected in 2018, as Lopez Obrador halted the upstream auctions put in place by the liberalization process t

Sanctions and boycotts on Russian oil over its war in Ukraine are heaping more pressure on global diesel markets which were already running low on stocks as demand rebounds from the COVID-19 pandemic. As traders scramble to source alternative supplies, diesel cracks have soared to record highs, far outpacing price rises for gasoline and other fuels. Europe is by far the biggest casualty of lower Russian diesel exports, which account for about half the region’s total diesel imports or some 700,00…

Crude oil futures ended slightly lower Aug. 12, but remained within a well worn range as traders continued to assess the demand concerns stemming from the rapid spread of the coronavirus delta variant