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Latam entities find reduced tender volumes as fuel, freight rates jump to record

This post was originally published on this siteHigh supply prices and low freight availability have hindered the number of refined products cargoes that Latin American entities are receiving, especially for distillates. Sources said that Argentina’s Cammesa in the week ending April 9 only awarded three cargoes of a five-cargo tender of high sulfur diesel and

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Global diesel supply tightens as buyers turn Russian barrels away

This post was originally published on this siteReduced Russian diesel and gasoil exports have had a domino effect on global diesel supply chains, as European refiners scramble to replace barrels in response to Russia’s military invasion of Ukraine while also looking to capture the resulting high diesel crack spreads. Europe has been most directly impacted

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BREAKING: Ithaca Energy gains access to two of the largest undeveloped discoveries in UK North Sea

This post was originally published on this siteIthaca Energy, owned by Israeli Delek, has reached an agreement to acquire Siccar Point Energy, the operator of the Cambo oil project. The post BREAKING: Ithaca Energy gains access to two of the largest undeveloped discoveries in UK North Sea appeared first on Offshore Energy.

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