The largest oil market in the USA responds to sanctions threats.
16.01.2025
1716

Journalist
Shostal Oleksandr
16.01.2025
1716

The situation in the oil market along the Gulf Coast in the USA is undergoing changes that are impacting the usual price patterns. Currently, prices for low-grade heavy oil, which has typically been cheaper than light crude oil, are rising due to concerns about potential oil sanctions against Russia and Iran.
According to Bloomberg, the price difference between high-quality oil from the Permian Basin and heavy sour Canadian oil from Cold Lake has narrowed following the tightening of sanctions against Russia and control over supplies from Iran. Previously, this difference was $4.25.
Fuel producers along the Gulf Coast are forced to change their oil procurement strategies due to the sharp decline in prices.
Read also
- MinDigitization brings Ukrainian educational technologies to the international market
- Drivers are being stopped at checkpoints under new rules
- Russia has stolen another week of war': Zelensky spoke about negotiations for a ceasefire at the front
- Ukrenergo announced new electricity restrictions for March 17
- Market prices are inevitable: expert explained why Ukrainians face rising electricity tariffs
- Drivers were shown prices for gasoline, diesel, and autogas at gas stations in Kyiv and Lviv: where to refuel cheaper