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Changing trade routes…

You are here: Home / Uncategorized / Changing trade routes…

March 11, 2016 by Jim Colburn Leave a Comment

Venezuela is looking to buy 8 million barrels of light crude, maybe from the US:

http://www.reuters.com/article/us-oil-venezuela-imports-idUSKCN0WC2SK

From Reuters:

“That would be about 90,000 barrels per day, more than the 50,000 bpd of crude PDVSA bought last year. Then, it purchased mainly African and Russian grades as diluents for its extra heavy oil output and processed them at its Caribbean refineries, according to sources and Thomson Reuters Trade Flows data.”

 

 

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Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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