The largest oil market in the USA responds to sanctions threats.
16.01.2025
2817
Journalist
Shostal Oleksandr
16.01.2025
2817
The situation in the oil market along the Gulf Coast in the USA is undergoing changes that are impacting the usual price patterns. Currently, prices for low-grade heavy oil, which has typically been cheaper than light crude oil, are rising due to concerns about potential oil sanctions against Russia and Iran.
According to Bloomberg, the price difference between high-quality oil from the Permian Basin and heavy sour Canadian oil from Cold Lake has narrowed following the tightening of sanctions against Russia and control over supplies from Iran. Previously, this difference was $4.25.
Fuel producers along the Gulf Coast are forced to change their oil procurement strategies due to the sharp decline in prices.
Read also
- A fine of 340 hryvnias 'out of nowhere': police surprised drivers with a new punishment
- Fines for wearing uniforms up to 6800 hryvnias: what is prohibited for Ukrainians
- Scandal involving blogger Nazarii Husakov has reached Zelensky
- The Labubu toy has become more popular than Barbie and LEGO: a fluffy monster worth 40 billion
- Ukrainians were told how much they would have to pay for 100 dollars: exchange rate until the end of the year
- Zelensky learned from Budanov about the provocations prepared by Putin
