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 Europe in the first semester this year rose to some 215,000 barrels per day (bpd), or 63% of the co...