Locator: 49289OIL.
See this link: global energy.
American refineries need a mix of "light" oil and "heavy" oil. This is
an old theme on the blog, discussed many times. It would not be an issue
if the Keystone XL had been approved by Hillary Clinton. But a lot of
water has passed under that bridge, so we can move on.
A major source of heavy oil for the United States is heavy oil from Mexico and Venezuela.
AI prompt:
Heavy oil, particularly from Mexico and Venezuela is becoming more problematic, as in increasing challenges with availability. Are oil traders anticipating a worsening problem or is this simply background noise that we seen in the oil sector, day in and day out.