Posts

Druzhba: A friendship built to endure

Russian crude and condensate exports plummeted 520 kb/d in May (-9.4%).  The Druzhba contamination caused pipeline flows to Europe to decrease by 85% m-o-m, with Germany and Poland receiving nothing in May.  Seaborne exports ...

OPEC supply nudges higher in April

After four months of severe decline, both voluntary and involuntary, OPEC supply is nudging higher in April. Structurally improved exports from Nigeria and Iraq are driving the monthly recovery in OPEC supply, while lower volumes ...

Venezuelan Tanker Activity

Petro-Logistics is releasing weekly updates to its clients regarding Venezuelan tanker activity, with daily updates available via our API Data Feed.  Each week, an overview of the status of exporting vessels - particularly those ...

Russia to the Rescue

As Venezuelan fuel supplies dwindle due to domestic turbulence and US sanctions prohibiting exports of vital petrochemicals to the Latin American country, Russian supplies are crossing the Atlantic to fill the gap and ease ...

Sanctions on Venezuela: Correcting the Media

Petro-Logistics has prepared numerous client notes since US sanctions were imposed upon Venezuela.  As a follow up to our notes released throughout February and early March regarding the impact of US sanctions on Venezuelan ...

Iranian Exports Review

Iranian oil exports have trended downwards since President Trump announced a decision on 8 May 2018 to cease US participation in the Joint Comprehensive Plan of Action (JCPOA) and to unilaterally begin re-imposing nuclear-related sanctions against Iran. While ...

GDPR: Something of Great Importance

Greetings to our customers, suppliers, employees and colleagues, 

For nearly 40 years, Petro-Logistics has been a leader in recognizing and practicing the business principles of privacy, protecting personal and confidential information of customers, sources, ...

Reimposition of US Sanctions on Iran

This post is a shortened version of a Client Note released to subscribers of our Iran - Crude Oil Exports & Production Analysis package. The full note includes additional ...

OPEC: A Prisoner's Dilemma Revisited

Given the back and forth in the media over the last few weeks about whether OPEC and Russia will or won’t extend their production curtailment agreement, it is worth taking pause to assess exactly ...

Fuzzy Logic

Fuzzy logic is an approach to computing based on "degrees of truth" rather than the usual "true or false" (1 or 0) Boolean logic on which modern computers are based.  It also ...

OPEC vs Shale Round 3

It is hard to understate the impact of shale on the oil industry.  From initial discovery to first production for a traditional major oil field can take a decade, often longer.  US shale oil ...

Area Under the Curve

It is worth taking a moment to look back at the market in mid-September 2016.  This is before the September 28th OPEC meeting on the side lines of the IEF in Algiers.  It is ...

OPEC, you have our attention

Since the shift from market share to price management was announced in Algiers on September 28, the energy industry has once again been focused keenly on the messages and actions from ...

OPEC Agreement - 30 November 2016

With OPEC having reaffirmed their Algiers commitment to cut production, attention now turns to the details of the agreement and, of course, what actions are actually taken by OPEC and non-OPEC countries to curb ...

OPEC Decision Making - Game Theory

In advance of OPEC's November 30 meeting in Vienna, at which they will seek to reach agreement on a production cut to between 32.5 and 33 mbd, it is worth reflecting on historic dynamics ...

Will they or won't they

November 30 will see the 171st Meeting of the Conference of the Organisation of the Petroleum Exporting Countries (OPEC) take place in Vienna.  Pressure has been steadily building for OPEC to take concrete action ...