Yesterday, oil prices declined, with the Brent benchmark falling by 2.84% to $100.21 and WTI dropping by 5.27% to $93.50. Among other factors, this confirms our view from a few days ago—a renewed widening of the WTI–Brent spread toward $7 after reaching parity last Monday. However, the focus now shifts to broader supply dynamics. The […]
It is important to understand that more than 150 different blends of crude oil are produced worldwide, and their production costs can vary significantly. Some are more desirable and easier to refine than others (requiring less processing) and are classified according to their weight (light vs. heavy) and their acidity (sulfur content). Estimated extraction costs […]
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