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Showing research about Energy - Refined Oil

20200603-us-oil-refined-origins

Phillips 66 bucks trend as U.S. crude, refined oil imports drop

Volatile oil prices in 2020 due to COVID-19 distortions and the Russia-Saudi Arabia price war have produced unusual knock-on effects for the global oil product supply chain. Phillips 66 has reportedly planned to ship gasoline from South Korea to the U.S. to utilize capacity freed up by a drop ... Read more →

20200501-south-korea-total

South Korea finds even if you make it, they still might not come

South Korea’s international trade activity dropped 23.0% year over year in April. That included a 24.3% slide in exports. The government insists the “manufacturing industry is operating normally” during the COVID-19 pandemic suggesting the issue is foreign demand not domestic manufacturing. Ge... Read more →

20200326-mexico-oil-crude-exports

Pemex faces problems, Valero and ExxonMobil do better in Mexico

The Saudi Arabia – Russia oil price war and coronavirus-linked demand reduction has introduced challenges for Pemex, Mexico’s state-owned oil firm. Mexico’s oil exports have held steady recently, being unchanged in February versus the prior three months’ average. Yet, an 11.5% slide in shipmen... Read more →

20200224-spain-dst-total-to-us

Repsol, Ford face Spanish digital service tax risks

The Spanish government has implemented a digital services tax. A similar move by France led the U.S. to threaten wide-ranging tariffs in retaliation as part of a section 301 review. Those tariffs were suspended for as long as OECD-level negotiations continue, though it’s not clear that the U.S... Read more →

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