Iran’s November exports to its four major Asian customers more than doubled for a second straight month from a year ago. Imports of India and
Tag: Mexico
US-Mexican Oil Trade Rapidly Growing
US Gulf Coast refiners are making an advantage of the rising fuel demand from Mexico by shipping record volumes. Mexico had failed to expand its
Non-OPEC Countries Still Unwilling to Curb Oil Production
Non-OPEC producers yesterday (30 October) refused to commit themselves – in the face of pressure from the members of the Organization of the Petroleum Exporting
Latin American Countries Call for Oil Production Freeze
Ecuador, the smallest member of the Organization of Petroleum Exporting Countries (OPEC), said on behalf of Latin American nations that the oil-producing economies must take
OPEC to Focus on Long-Term Mega Investment Projects
OPEC leaders privately admit that the US oil industry’s high-tech flexibility is a competitive advantage that will enable the country to respond quickly to the
U.S.-Mexico Crude Swaps Believed to Boost Economy and Environmental Protection
U.S.-Mexico crude oil exchanges that were approved in August by the U.S. Department of Commerce’s Bureau of Industry and Security will probably involve swaps of
Mexico’s Pemex Readying to Increase Oil Output
Pemex, the Mexican state-owned petroleum company created in 1938, is readying to increase its production after a decade of decline. Gustavo Fernandez, the head of
The U.S. Appeals the Court Decision on the Size of BP Oil Spill
The U.S. government has appealed a ruling of a federal court that lowered the possible penalty BP Plc has to pay for the oil spill
Exxon’s New Canada Terminal Readies for U.S. Shipments
Exxon Mobil Corporation has opened a new joint-venture oil-by-rail terminal in Canada considered to be the largest in the country. The terminal will start shipping
Mexican Light Oil Heading for the U.S. East Coast
Mexican crude oil is on its way to the U.S. East Coast at the highest rate in more than ten years as more discounts help