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Guyana's oil boom grabs bigger share of European market

Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by Exxon Mobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows. Western sanctions on Russian oil due to its invasion of Ukraine since last year have opened a window of opportunity for emerging producers including Guyana, whose crude grades are a good fit for many European refiners. Guyana's crude exports to...
Demerara Mahaica United States Sabrina Valle Marianna Parraga Kiana Wilburg U Hess Corp
Source: yahoo.com

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Panama Canal's bottleneck eases, some vessels detour

A backlog of vessels waiting to pass the Panama Canal due to drought-related restrictions has eased in recent days after the waterway's authority authorized more non-booked ships to pass and as others are choosing alternate routes to avoid the delays. The Panama Canal Authority last week opened two additional slots per day for vessels without booking to transit to help clear bottlenecks on both sides of the interoceanic corridor. A historic drought has slowed shipping through one of the w...
Panama City United States Panama Canal Panama General Andres Manuel Lopez Obrador Marianna Parraga
Source: yahoo.com

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