Changing crude quality mix is affecting crude price differentials and refining decisions (8/23/2017)

Growth in liquid fuels supply since March has been driven by increases in the production of light crude oils, which have more than offset recent declines in the production of medium and heavy crudes. The divergent trends in light and medium/heavy crude production are reflected in narrowing price differences between crude oil qualities and operating costs across simple and complex refineries. ... More »