EP PetroEcuador will apply the fixation and publication of prices in Ecuador’s clean products terminals in compliance with executive decree no. 1054 of 19 May 2020, by means of which the “regulation of prices of petroleum derivatives” was amended.
Tag: fuel oil
Guaido Team Promises Fuel Surge In Venezuela
(Argus, 8.Jun.2020) — Venezuela’s US-backed political opposition is promising to restore stable fuel supply in two weeks if it takes power, kicking off with crude-for-products swaps. In an initial stage, such swaps would be carried out with Citgo, the US refining arm of Venezuela’s US-sanctioned national oil company PdV. Gasoline […]
Petrobras Reports Rise In Fuel Exports
(Petrobras, 5.Jun.2020) — Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% higher than the volume exported in May last year. It is important to highlight that, on […]
PetroEcuador Dispatches Fuel From Barbasquillo
(Energy Analytics Institute, Piero Stewart, 7.May.2020) — EP PetroEcuador on 2 May 2020 started dispatching super gasoline from the Barbasquillo Clean Products Terminal located in Manta in order to satisfy demand in the province of ManabĂ. The fuel was was previously dispatched from the Pascuales Terminal located in the city […]
Petrobras Reaches Oil Export Record In April
(Petrobras, 4.May.2020) — Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening the company’s cash flow. The previous record was 771 thousand barrels per day, set in December 2019. The result occurs in a challenging period of […]
Petrobras Reverses Production Cuts
(Reuters, 27.Apr.2020) — Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it said on Monday, a surprising turnaround that may be tied to an aggressive bet on bunker fuel. In a Monday securities filing with first-quarter production […]
EP PetroEcuador GM Visits Balao Maritime Terminal
(Energy Analytics Institute, Piero Stewart, 11.Mar.2020) — EP PetroEcuador General Manager Pablo Flores supervised operations at the Esmeraldas Maritime Port and the Balao Maritime Terminal, which are part of the Trans-Ecuadorian Pipeline System (SOTE), and where the company carries out crude oil export activities essential for Ecuador’s economy. During the […]
PDVSA Steps Up Shipments To Cuba
(Reuters, 14.Feb.2020) — Venezuela’s state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources and internal company documents seen by Reuters. Six vessels, most of them owned by PDVSA’s maritime […]