Mexican export terminals reopen

Three oil export terminals in the Gulf of Mexico have now reopened after being closed on 2 January. The state-owned company Petroleos Mexicanos, or Pemex, was forced to close its […]

Surplus oil stored in supertankers

Oil producers have set their stocks out to sea by storing 50 million barrels in supertankers, as supply floods the market. The swell in floating storage, which constitutes enough to […]