2022-06-27 - While Stratas Advisors said in its latest oil price forecast that they are less concerned about the talk of price caps at the G7 meeting, the firm is increasingly concerned about the risk of further escalation of the Russia-Ukraine conflict because of several developments.
2022-06-02 - Gasoline-friendly light sweet WTI Midland priced at East Houston, called MEH, has averaged a $1.40/bbl premium to U.S. WTI, compared with a 96-cent premium in the year-ago period, as exports to Europe climbed.
2022-05-05 - The sanctions proposal, which needs unanimous backing by the 27 EU countries, also includes phasing out imports of Russian refined products by the end of 2022.
2022-05-11 - “Prices are going to continue to move on up especially if the European Union comes to an agreement to phase out Russian oil purchases over the balance of this year,” said Andrew Lipow, president of Lipow Oil Associates in Houston.
2022-05-12 - With continued releases of the U.S. Strategic Petroleum Reserve over next several months, “expect to be seeing some of those exported,” Kpler’s Smith said.