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...crude inventories are running low. In a recent report, Morgan Stanley said it had calculated that observable crude oil inventories globally had shed some 690 million barrels in 2021 leaving...
...of the crude oil sold around the world. The vast majority of crude oil is sold at a discount to these two grades. So when we talk about $20 a...
...have talked quite a few times about how the very high natural gas price must be a very bullish element for crude oil in general and for light sweet crudes...
...of intent. “In terms of direct impact, costs may increase for EU refiners because they will be forced to buy sweet crudes, although it may well transpire that heavier crudes...
...20 years, the Aden refinery was one of BP’s most profitable, taking cheap crude oil from inland Yemen and converting it into heavy fuel oil for shipping. However, in 1977...
...of Russia’s role in the petroleum industry as the world’s second-largest crude oil producer and largest exporter of refined oil products. Closer to home, Russia supplies about 30% of Europe’s...
...and 3.8 million mt of fluid catalytic cracking capacity, placing it in the category of medium complexity, with a Nelson Complexity Index of 8.2. Storage capacity for crude oil and...
According to a new report by Bloomberg Intelligence (BI), a supply gap big enough to push crude to a speculated $100 a barrel is unlikely, especially as OPEC has spare...
...“WTI” for short, is an important global crude oil benchmark. But its price is based on market value for delivery at an inland terminal at Cushing, Oklahoma, USA. Cushing is...
...8.97 MMT of crude, a 5% increase on the previous year’s 8.54 MMT. Gross revenues for the 12 months were $4,992 million, a 34% drop to the $7,615 million reported...
