
Guyana oil: The new crude on the block
Oil Markets
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Europe as Primary Destination for Guyana Crude Exports
This chapter discusses the primary destination for Guyana crude exports, focusing on Europe. It highlights the scramble in Europe to replace Russian barrels after sanctions and the preference for crude with higher distillate yields. The chapter also considers the impact of new refineries on the Atlantic market basin and the potential opportunities and challenges for the Guiana oil market.
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