With Canada’s oil industry expecting the start of pipeline fills in the 590,000 b/d TMX lines between March and May, the price of Canada’s benchmark WCS is expected to strengthen to a $13-15 per barrel discount to WTI again.
Oil tankers are being rerouted to Rotterdam to avoid the French port of Le Havre as intensifying strikes disrupt the industry and protesters block airports and trains and clash with the police
The International Monetary Fund s prediction of a 0.3% growth in Russia s economy for 2023 has raised concerns about possible whitewashing or reliance on untrustworthy Russian statistics.