News Formal

Guyana’s oil boom grabs bigger share of European market

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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

Guyana’s crude exports to Europe in the first semester this year rose to some 215,000 barrels per day , or 63 per cent of the country’s total exports of 338,254 bpd, according to Refinitiv Eikon data. Exports to Europe had accounted for about 50 per cent of last year’s shipments.

Some of that increased flow to Europe, however, has also come at the expense of U.S. Gulf Coast’s refiners, which have not imported Guyanese crude so far this year, the data showed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European Shares Rise as Tech Stocks Hit Nearly One-Month HighEuropean equities gained on Tuesday with interest rate-sensitive technology stocks leading the gains as a surge in US bond yields paused.
Source: BNNBloomberg - 🏆 83. / 50 Read more »