News & Insights

Trinidad and Tobago increased its gasoline and diesel imports —including from more unusual sources— in the past two months, and began exporting its domestic Molo crude stream, following the decision of state-owned oil firm Petrotrin to wind down operations at its Pointe-a-Pierre refinery. Petrotrin announced in late August it would close the country's only refinery due to mounting debt, operating losses and royalties owed to the government. The decision has resulted in the export of a ...

The UAE is set to receive another condensate cargo from fellow Opec-member Equatorial Guinea this month—its third so far this year, reflecting the continued the diversification of condensate intake into the Jebel Ali refinery in recent months. The Aframax tanker Stellata set off from Equatorial Guinea's Punta Europa terminal on 27 November, and is broadcasting its destination as Jebel Ali, the site of Dubai government-owned Emirates National Oil Company's (Enoc)'s 140,000 b/d refinery. The ...

Chile's crude import mix in November shifted from previous months, as an increase in the purchase of US crude weighed on the intake of some grades more dominant in previous months. Chile's state-owned oil company Enap began to import US crude from November onwards this year, with deliveries continuing in December, Vortexa data show. Rising US crude production appears to have stoked appetite in new markets such as Chile – which was not listed by the US EIA in its destinations for monthly ...