What is the overall margin trend across all crude oil grades. This difference, known as the crack spread, can indicate refining margins and profitability. oil production has helped to slow the rise of oil and gasoline prices. The term "crack" refers to the refining process of breaking down crude oil into its various components through fractional distillation. Feb 1, 2016 · PDF | DENSITY AND API GRAVITY OF CRUDE OIL SWEET AND SOUR CRUDE OIL; BENCHMARK OF CRUDE OIL; West Texas Intermediate (WTI) Brent Blend; Dated Brent What | Find, read and cite all the research US Gulf Coast cracking margins for WTI MEH crude with RINs averaged $8. Incremental margin is the margin of the spot cargo barrels. 29/b without RINs. oil refinery margins have halved since the middle of 2022 but they are still at historically high levels and will be supported through the summer of 2023 by high Jun 7, 2023 · Global refining margins are set to stabilize in the near term, though they could be under pressure later this year, according to George Dix, refining analyst at Energy Aspects Ltd. Cash Price The current bid or offering price for a crude or product, for immediate delivery (Spot price). Russian oil exports held steady at around 7. The data is obtained from the Public Sector companies, Government agencies as well as The majority of physical sour crude oil trading East of Suez is priced against the Platts Dubai and Platts Oman crude benchmarks, typically against the monthly average, on both free on board (FOB) Middle East and delivered bases. Example Calculation: Crude Oil Price: $80/barrel. Singapore refinery margins are based on average yield statistics for several Asian countries, where reliable Article Summary The world’s crude oil market includes not only spot markets featuring physical transactions but also highly developed paper markets, notably futures and forward delivery, thus forming a very composite market structure in which all these transactions are interrelated and reciprocally influential. Jul 6, 2021 · Oil is often thought of as the blood that flows through the world’s veins, and rightly so. The Story of Waterborne Crude Oil After waves of change hit global crude oil trade flows, the physical benchmarks to watch reflect the value of crude on the water. 50/b, Platts Analytics margin data showed. Weak refining margins and uncertainty about the pace of the demand recovery resulting from the global impact Sep 1, 2024 · Dubai, Oman, Upper Zakum, Al Shaheen and Murban Platts assesses destination-free physical Dubai, Oman, Upper Zakum, Al Shaheen and Murban in its Middle East Crude benchmark basket (MEC). the Rotterdam Spot market). The 3:2:1 crack spread assumes 3 barrels of crude oil yield 2 barrels of gasoline and 1 barrel of diesel. Table 1 below shows the recent liquidity trends for the key domestic crude oil futures contracts trading at CME Group. 7 million Platts connects & explains the market price of crude oil and oil products. Crude grades (updated) Instead of tying refinery margin calculations to a specific grade, our new methodology is based on types of crude. Their importance in global energy markets and financial systems makes them a popular choice for traders, investors, and hedgers alike. Cash Settlement A cash payment to close a futures contract (e. Jan 16, 2025 · It displays the price differential between three units of crude oil against second units of RBOB and one unit of heating oil. Maximise profitability: Take your share of the margin by identifying the most lucrative markets for your crude. Two of the most important quality characteristics are density and sulfur content. S. It also enables subscribers to understand the evolution of margins by refinery type and by product, as well as refiners’ appetites for diferent crude grades. Recognizing the various forms of crude oil is critical for assessing its significance in the global marketplace. Jul 25, 2025 · The petroleum supply situation in the context of historical information and selected prices. Lower crude costs can enhance refining margins, improve profitability, and even impact fuel pricing strategies. production of crude oil and other liquids, leading to a small increase in production in 2026. Generally, oil sourced from the Bakken oilfield tends to have www. It is mostly declining. Apr 11, 2025 · Discover what drives crude oil prices: expert insights on market dynamics, supply-demand factors, and geopolitical influences. Jul 16, 2024 · Q: How is the crack spread calculated? A: The crack spread is often calculated using the 3:2:1 ratio, which assumes that three barrels of crude oil will yield two barrels of gasoline and one barrel of diesel. Find information for Crude Oil WTI Futures Overview provided by CME Group. Track price changes, analyze trends, and monitor key oil market indicators. Learn what Brent crude is, why it’s the world’s top oil benchmark, and how its price shapes global energy markets and trading in 2025 and beyond. light product demand was down by 0. Crude Oil Price Trend for the Q4 of 2024 Asia In Asia, demand for crude oil showed signs of weakness, partly due to slower-than-expected economic recovery in key economies Oct 11, 2022 · The majority of U. Jul 10, 2024 · The high cost of Nigeria’s 35 crude oil grades including Bonga, Agbemi and others has been attributed as the reason why Dangote Refinery resorts to buying crude oil from the United States. Changes in environmental regulations, fluctuating natural gas prices, and the recent sharp decline in crude oil prices have caused ripple effects for downstream players. layers jumped multi-fold in FY24 over FY23 due to higher marketing margin. API Gravity (x-axis): This measures the density of the oil. The composition of hydrocarbons in crude oil can vary significantly, leading to different grades of crude oil. Marine fuel prices based on the largest dataset in the market. In the past several years, higher U. Platts assessments by S&P Global Commodity Insights reflect the repeatable, transactable price of West African crude cargoes at 16:30 London time, for loading 25-55 days forwards, Monday through Friday. Crack spreads for both diesel and gasoline increased in the first several months of 2022. Today, around half of the world's oil futures are traded on ICE, which includes futures and options on Brent crude, West Texas Intermediate (WTI) crude, Gasoil, Heating Oil and RBOB Gasoline as Mar 1, 2021 · The petroleum refinery is one of the key industries of the Indian economy, where crude oil passes through various refining processes before being converted into valuable finished products. Oils with higher API gravity are lighter and less dense, while oils with lower API gravity are heavier and more dense. Daily figure is based on last five (5) days rolling average. Crack spreads vary by product and can rise or fall depending on the time of year and on market conditions. It is easy to notice that WTI and Brent are both located in the right The world’s crude oil mar-ket includes not only spot markets featuring physi-cal transactions but also highly developed paper markets, notably futures and forward delivery, thus forming a very composite market structure in which all these transactions are interrelated and recipro-cally influential. Jul 21, 2025 · Crude oil spot prices for 50 current and over 60 historical grades as well as crude spreads and crack spreads for key benchmarks, monthly from 1987. Nov 9, 2021 · Click on the Bloomberg screen to examine refining margins for US Mid-Continent Topping refineries. Crude Oil Export Ban in December 2015 all international trade restrictions in this industry have been lifted and the U. Oct 1, 2015 · External market shifts are not new to the downstream oil and gas industry. Energy Information Administration, there are various grades of physical oil. Basic Formula Oct 13, 2023 · Fluctuations in global oil markets, driven by geopolitical events, supply and demand dynamics, and unforeseen crises, create a dynamic foundation. Other factors attributable to Dangote Refinery going to the US to source for feedstock include regional refining margin and low cost of freight from other crude sources. Learn how density, sulfur content and composition affect its value. Sep 18, 2024 · Crude oil futures are among the most actively traded commodity futures contracts in the world. Feb 23, 2024 · The Key Refining Margin Metric table below shows that U. Petroleum refineries produce fuel with more complex procedures, which is essential in several industries for different energy needs (Worrell et al. Lower Price: Sour crude oil, due to its higher sulfur content, is generally cheaper than sweet crude. Dr. What is the overall margin trend across all crude oil grades? Click on the Bloomberg screen to examine refining margins for US Mid-Continent Topping refineries. Crude oil is a worldwide commodity and a primary source of energy for the global economy. On the US West Coast, Arab Medium coking margins with RINs averaged $13. Gasoline is a globally traded commodity, and prices are highly correlated across global spot markets. Refinery projects are regularly delayed because of financing, crude oil supply agreements, logistics, unit testing, stockpiling operational inventories, and other factors that complicate the start-up of new facilities. Energy news covering oil, petroleum, natural gas and investment advice Gross Refinery Margin (GRM), also known as Gross Processing Margin, is a key performance indicator in the refining industry. The price of Doba has risen dramatically as a result. Technical & Fundamental stock screener, scan stocks based on rsi, pe, macd, breakouts, divergence, growth, book vlaue, market cap, dividend yield etc. Each type of crude oil can have an impact on a variety of elements, including pricing and production methods. Even though average crude oil prices were reduced in FY24 from FY23, the retail price of Motor Spirit (MS) / High-Speed Diesel (HSD) was unch. Understanding Crack Spreads: An Overview Crack spreads play a crucial role in the energy industry, providing insights into the profitability of refining crude oil into various refined products. Cargoes are evaluated for increments of 1000 kbbl. This practice allows midstream operators to optimize the quality and value of the crude oil before it is Oil Price Charts Oilprice. Dec 2, 2009 · Crude oil is not one indistinguishable substance. View Margins Crack spread shows profitability based on refined product prices and crude oil costs. refinery utilization fell by 4. 3 mb/d in July, as a 200 kb/d decline in crude oil loadings was offset by higher product flows. Understanding crude oil brent and its market trends can help investors, businesses, and even consumers gain insight into the forces that Aug 17, 2023 · JPXjoIN mallLoading × Sorry to interrupt CSS Error Refresh Jun 26, 2013 · Many types of crude oil are produced around the world. 29, compared with the $5. The last major oil refinery built in the United States was constructed in 1976. May 25, 2024 · Benchmark crude oil, also known as marker crude or reference crude, serves as the standard pricing reference for other types of crude oil and oil-based securities. In this post, we explore how Because of the inherent uncertainty of all refinery projects, we estimate a wide range of capacity could enter service by 2028. As a measure of refining margins, crack spreads help traders, investors, and industry participants Aug 30, 2024 · Find statistics on crude oil, gasoline, diesel, propane, jet fuel, ethanol, and other liquid fuels. One of the most traded commodities in the world, crude oil and its demand are important barometers for the health of the global 3 days ago · Live crude oil price data for major global benchmarks: WTI, Brent, OPEC Basket, and regional crude oils. Jan 24, 2023 · Oil refineries are complex machines, capable of processing multiple streams of crude into dozens of different petroleum products. 8. 5%-sulfur marine fuel grade, used primarily in the shipping market as bunker fuel. g. May 19, 2023 · LONDON, May 19 (Reuters) - U. The trend has been gaining traction due to growing production. Product Prices: On the other side of the equation are the prices of the refined products. Prices of the many crude oil streams produced globally tend to move closely together, although there are persistent differentials between light-weight, low-sulfur (light-sweet) grades and heavier, higher-sulfur (heavy-sour) crudes that are lower in quality. Declining margins are the result of relatively weak demand for petroleum products even as global refining capacity increases. Whole basket margin is the overall margin of the entire crude mix including the spot cargo bought. Mar 29, 2021 · US refining margins for the week ended March 26 slightly weakened but remained healthy, an analysis from S&P Global Platts showed March 29, as warmer spring weather spread across much of the nation and coronavirus vaccine rollouts continued to pick up the pace. What is the overall margin trend across all crude oil grades? Business Finance Finance questions and answers Bloomberg Terminal What is the overall margin trend across all crude oil grades Click on the Bloomberg screen to examine refining margins for US Mid - Continent Topping refineries. Many U. Among the most Refining marker margins are simplified regional margin indicators based upon product yields and a single 'marker' crude oil deemed appropriate for the region Find information for Brent Crude Oil Margins provided by CME Group. The overall margin trend across all crude oil grades refers to the changes in profitability that ref What is the overall margin trend across al crude oil grades?IT IS RELATIVELY STABLEIT IS SLIGHLY INCREASING IT IS MOSTLY INCREASING IT IS MOSTLY DECLINING click on the bloomberg screen to examine refining margins for US MidContinent topping refiniers. About this report Purpose. Total U. For example, in April, Platts assesses June, July and Mar 11, 2025 · Crude oil prices have been steadily declining, down nearly 40% from their 2022 peak and 16% since January alone. Density ranges from light to heavy, while sulfur content is characterized as sweet or sour. The variation in prices between two grades can influence refinery margins significantly if Apr 30, 2025 · Crude oil is the lifeblood of the global energy market, powering everything from cars to factories. com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools and Jul 27, 2024 · Crude oil is a complex mixture of hydrocarbons that can be classified into various grades and types based on several factors such as density, sulfur content, and overall quality. Feb 20, 2025 · The Mountain West refineries (PADD4) are similarly dependent on Canadian crude oil and face the same challenges. wider crack spread indicates higher refining margins and profitability. All Platts West Apr 12, 2025 · Crude oil blending plays a crucial role in midstream operations, serving as the artful process of combining different types of crude oils to create a desired blend with specific characteristics. With gasoline taking center stage in the margin recovery Due to falling production of the Brent Blend, other sweet North Sea grades were gradually introduced into the Brent delivery mechanism forming what we now call a Brent or ‘BFOET30 basket’, comprising and named after: Brent, Forties, Oseberg, Ekofisk and Troll grades of crude oil. com! Mar 31, 2025 · What drives crude oil prices: Spot Prices Crude oil is traded in a global market. The reason? Waterborne crude is internationally connected and free from infrastructure economics. Since the lifting of the U. Apr 17, 2025 · Crude oil remains one of the most significant commodities in global trade, and Brent Crude is one of its most closely watched benchmarks. Jul 31, 2023 · The graph displays the distribution of different crude oils according to API gravity (X axis) and sulphur content (Y axis). Aug 21, 2024 · Discover key calculations for crush margins and refinery costs to enhance profitability in the oils and fats industry. Discover how you can access our oil prices, news, and analysis. It is slightly incleasing. This new service allows subscribers to quickly evaluate market trends for the refineries by regions, and highlights challenges and opportunities for traders and optimisers. Dynamic steady state operation can increase profitability by optimizing the cost of crude oil and utilities against certain Refineries continuously switch between sources of crude oil and intermediate feedstock to optimize gross margins. View Overview. This article provides an overview of the different types and grades of crude oil Mar 7, 2025 · The world is poised for a year of surplus oil production in 2025. It is important to note that buyers and sellers of a particular grade of crude oil value its characteristics differently depending on their Crude Oil Prices USD/bbl, data updated daily. In 2017 global petroleum refining capacity reached 98. In the arena of Oil futures trading, it is as good a reflection of the physical refining margins in the world’s biggest economy as it gets. Jun 9, 2020 · What does the chart above tell us? Refining 3 barrels of crude oil to produce and sell 2 barrels of gasoline and 1 barrel of diesel nets profit averaging $17. 58/b for the week ended Nov. The variation in prices between two grades can influence refinery margins Nov 3, 2014 · The effect that a relaxation of current limitations on U. Yet physical differentials are exhibiting various levels of strength, depending on crude quality and location. May 14, 2024 · The profit from turning a barrel of crude oil into fuels in Asia is at the lowest in seven months, which is leading refiners to turn away from expensive Middle East grades and seek cheaper Apr 4, 2022 · Cash Market The market in which physical oil is traded (e. List of crude oil products Crude oil map Main features of some qualities of crude oil Density and sulfur content of crude oils In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms. 8, as rising crude prices were not matched by refined product gains, but began to pick up toward the end of the week as gasoline and diesel Nov 29, 2021 · USAC cracking margins for Urals crude averaged $8. crude oil imports. We consider light sweet, medium sour and heavy sour grades, which may be a chronological composite of several crude grades that reflect evolving crude oil supply and trade dynamics. Understanding these classifications is essential for stakeholders in the oil industry, including producers, refiners, and marketers. ” Dec 11, 2019 · The company can utilize its pipeline network to refine cheaper Permian oil, Canadian crude oil, and Bakken oil in its refineries. Jan 11, 2021 · Average global refining margins fell in the week ending Jan. As the world of energy is being reshaped and we move towards net-zero emissions, we're partnering with the markets more closely than The index handbook this month said a supervisory committee “intends to consider whether storage and delivery characteristics of crude oil” would make an “allocation to Brent crude oil in the index appropriate” in 2012. , 2005). Brent and WTI are light, sweet and favored by refiners. 16'21). com Crude oil prices & gas price charts. We estimate that U. crude oil imports come from Canada, which produces heavier grades of crude oil than the United States. Brent crude and WTI (West Texas Intermediate) are Jun 13, 2023 · Oil trading is a complex and dynamic market that involves buying and selling crude oil and its derivatives. The prospect of a supply deficit in the remainder of 2021 has kept the forward markets for oil products in backwardation across most regions and supported a healthy demand for spot purchases of crude in July (OMI Jun. ” Each grade has differing specifications, which affect its value compared to others. Oil producers Decide where to target your crude. The entirety of crude imports into the region are from Canada (Figure 1), but Canadian crude only represents 45% of crude runs because of alternative crude access and refinery configurations. Full set of North Sea crude related instruments: Cash BFOE, CFDs & DFLs & Dated Brent forward curves aiding your analysis, trading & production operations. Why is the oil futures trade dominated by contracts on two grades and loca-tions when the global trade encompasses many grades and locations? Should we expect change in the near future? We review research on the establish-ment and performance of energy derivative markets, focusing on the two major energy commodities: oil and natural gas. Tight supplies across the Asia region and a shortage in distillates blend stock used to reduce the sulfur content has lifted cracks versus DME to the highest levels since the grade was first Jun 11, 2021 · The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Jun 6, 2022 · Fuel oil margins, which are important for Middle East crude grades, have also been given a lift by the strength of the 0. May 1, 2025 · During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U. Let us discuss different types of profit margins, average profit margins by industry, and see what is a good profit margin ratio. In this quarterly update, we review petroleum markets price developments in 1Q25, covering crude oil prices, refinery margins, biofuel compliance credit prices, and natural gas plant liquids prices. Regionally, refinery crude slates—or the mix of crude oil grades that a refinery is processing—have become lighter in the East Coast, Gulf Coast, and West Coast regions, and they have become slightly heavier in the Midwest and Oct 16, 2024 · According to the US EIA, global refinery margins have been below their 5-year averages since this spring, with further declines in late summer and early fall. A fourth reason to process opportunity crudes is that the ratio of reserves of heavy crude oil and natural bitumen to conventional crude oil is around 5:1. What are the Different Types of Profit Margin? Jun 7, 2023 · Blending of the grades at European refineries produces crude with the low sulfur quality of Nigerian grades, but with enough heavy Brazilian content to ensure not too much naphtha is produced, sources said. 42/b in the same time period, while Arab Medium without RINs averaged $9. Access forward-curve liquidity across a broad product slate of Crude Oil futures and options covering key locations and crude grades. oil production was in long-term decline and didn’t foresee the shale oil boom. The oil industry is one of the most significant sectors of the global economy, and oil trading is a vital part of this industry. THE GLOBAL CRUDE OIL MARKET The international crude oil market is the source of the primary feedstock for creating refined petroleum products produced in oil refineries across the world. refinery margins initially increased before decreasing in the final month of the quarter. Comprehensive coverage: Benefit from Argus’ extensive RGVs data across multiple refining configurations and regions. Operations at a refinery are highly non-linear, requiring calibration of the overall process. In western Canada, diferentials are of great interest because the value of heavy, sour crude oil—Canada’s largest source of crude oil export—typically obtains a price lower than many commonly traded US and global benchmarks Jul 3, 2025 · With falling crude oil prices in our forecast, we expect recent downward trends in rig counts and well completions to continue. petroleum refining industry is the largest and most sophisticated of its kind in the world in 2019. 50 per barrel of crude oil. Pipelines, trains, and trucks carry the final products from the storage tanks to locations across the country. In the first half of 2022, Canada accounted for 61% of all U. gasoline prices depends on its effect on international crude prices, such as Brent, rather than its effect on domestic crude prices. (Ministry of Petroleum & Natural Gas) Petroleum Planning & Analysis Cell (PPAC), an attached office of the Ministry of Petroleum & Natural Gas (MoPNG), Government of India, collects and analyses data on the Oil and Gas sector. Significant uncertainty remains in all aspects of oil supply and demand, which will influence oil prices given any differences compared with our forecast. Jun 10, 2022 · The price difference between the price of crude oil and the wholesale price of a refined petroleum product reflects the value of refining crude oil. Like the price of WTI Crude Oil, Brent’s price is a major benchmark for the purchase of oil worldwide. 81/b the week earlier as local refinery restarts increased product supply, according to Platts Analytics margin data. Sep 5, 2024 · The cost of crude oil The largest component of the retail price of gasoline is the cost of crude oil, and its a share of the retail gasoline price varies over time and across regions of the country. Brent on the ICE). refineries has generally increased, or gotten lighter, since 2011 because of changes in domestic production and imports. Jan 21, 2025 · Ultimately, we expect lower prices will reduce drilling activity and investment in U. Click on the Bloomberg terminal screen to examine refining margins for US Mid-Continent Topping refineries. Essentially, it measures the profitability of refining operations before accounting for operational expenses. The assumption was that any increase in crude production would come from heavy oils in the Middle East, Latin America, and Canada Mar 30, 2025 · Crude oil refining is a complex process that involves the conversion of crude oil into finished petroleum products such as gasoline, diesel, and jet fuel. Apr 1, 2025 · 1. refineries were built to process heavier crude grades because, at the time, many believed U. Despite moderation in GRM in FY24, the operating profit of oil players jumped multi-fold in FY24 over FY23 due to higher marketing margin. 4% over the quarter, with increased diesel demand overshadowed by reduced jet and gasoline Jan 23, 2025 · Crude oil is an important component in many worldwide industries, including transportation and industry. Aug 9, 2024 · Advantages and Disadvantages of Sour Crude Oil Advantages: 1. There are in fact 4 main types, from light oils such as gasoline and jet fuel to heavy fuel oils. Crude exports to China and India eased m-o-m but accounted for 80% of Russian shipments. What is the overall margin trend across all crude oil grades? Oct 15, 2024 · Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. What are crack spreads? Crack spreads are a measurement of the refining margin, representing the difference between the cost of crude oil and the market value of the refined products derived from it. Many factors affect crude oil prices. Click on the blue bars below for information on petroleum prices, crude reserves and production, refining and processing, imports/exports, movements, stocks, and consumption/sales. General Index Dated Brent price assessments adjust in near-real time to global market shifts Price signals captured from various trades, bids, and offers across the Brent crude market - reflecting both spot activity and broader trends This crude is finding homes in refineries all over the world and has been particularly popular in the storage hubs of Fujairah and Rotterdam, where the crude is processed at topping facilities to make IMO-compliant fuel oil. Refining margins, also known as crack spreads, are an important metric used in the oil and gas industry to measure the profitability of refining. Expand allCollapse all 6 days ago · The article discusses key factors affecting the oil rate and provides a price forecast for the near future and beyond, with technical and fundamental WTI analysis. Consistent, compliant & customer-centric. China and India are already competing for the development of oil sands and extra-heavy oil projects in Canada and Venezuela, respectively. Jul 10, 2025 · U. In addition, a refiner always seeks a higher margin 4 days ago · Gasoline Production, Imports, Stocks, Supply, Prices by Grade and Sales Type, Retail City Average Prices, Data and Analysis from the Energy Information Administration. Crude Oil Regional Price Overview Get the latest insights on price movement and trend analysis of Crude Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa). For simplicity’s sake, the industry measures refining margins Feb 14, 2022 · Heavy US turnaround season ahead to cut products supply Wider sweet-sour crude spreads help USGC coking margins High USGC margins also aided by European energy transition Dec 17, 2024 · Gross refining margins (GRM) refer to the difference between the cost of crude oil and the price of refined products like petrol and diesel. Feb 22, 2023 · Both incoming crude oil and the outgoing final products are stored temporarily in large tanks on a tank farm near the refinery. The market value of an individual crude stream reflects its quality characteristics. For example, Singapore light sweet grade is composed of Tapis quotes until West African crude oil is traded on an FOB basis for loading at a wide range of terminals across the region. A crude oil price diferential is the diference in the price of crude oils that can emerge as a result of quality and location diferences. According to the U. Gasoline Price: $120/barrel. Today, let’s take a closer look at the two most widely-traded crude oil grades on a global scale. Crude oil testing and assay services provided by Intertek support customers from the well-head to the refinery across the world. It disseminates many reports on the Oil & Gas sector to the various stakeholders. 26, down from the $8. The GRM is an important measure of a refinery’s profitability. The grades that underpin the Brent benchmark have changed over time as production from the North Sea has continued to dwindle MARGIN MANAGEMENT IN THE OIL & GAS INDUSTRY Margin management and optimization lay at the intersection of refining production, marketing, crude and product supply, and trading and primary distribution. crude oil exports would have on U. 99/b for the week ended Jan. An overall 25-30% of total crude runs in the region are the heavy Canadian crude grades Oct 19, 2024 · The Composition of Crude Oil Hydrocarbons Crude oil is primarily composed of hydrocarbons, which are molecules made up of hydrogen and carbon. These external shifts can generate major new opportunities, but require refiners to be nimble and proactive as they re-optimize to the “new normal. Oct 11, 2019 · The API gravity of crude oil input to U. domestic crude oil grades market has seen a tectonic shift in response to the global demand and supply shocks that flowed from the COVID-19 pandemic, recent OPEC+ meetings, and the conflict in Ukraine. 750+ bunker fuel spot prices across >500 global ports. 6% from Q3 2023. More about crude oil can be find in ” Composition of Crude Oil” Viscosity refers to the oil’s ability Feb 4, 2025 · How much is the oil industry worth? Discover all relevant statistics and facts on the global oil industry and market now on statista. Oil price charts for Brent Crude, WTI & oil futures. When crude oil prices surge, refining margins tend to constrict, as the cost of the primary input rises. Many National Oil Companies (NOCs) in the Middle East also price long-term crude oil sales to customers using an Official Selling Price (OSP) for their major crude 2 days ago · About Brent Crude Brent Crude Oil futures (BZ) help investors gain exposure to the global crude oil market. There are hundreds of different grades that have different characteristics. But not all crude oil is the same. Northwest Europe and Mediterranean cracking/hydrocracking refinery yields are based on refinery input and output data from the IEA’s Monthly Oil Statistics, with adjustments for sweet and sour crude grades. Jan 14, 2025 · New design and technology – click through option and reset buttons Updated crude assay and price data for 150 of the world's most traded crude grades The uneven pace of the global energy transition along with rising geopolitical tensions continue to impact every corner of the oil market. However, to trade these contracts, it is essential to understand the concept of margin requirements, which ensures that parties involved can fulfill their financial Characteristics of crude oil Although it is common to talk of crude oil as a homogenous substance, it actually comes in almost 200 different varieties or “grades. The assessments for Dubai (MEC), Oman and Murban reflect loadings for three forward months, starting two months forward from the month of assessment. US pipeline crude assessments Platts assesses the value of a variety of crudes in the US as a flat price and as a differential against common pricing bases. Aug 11, 2023 · High sulphur fuel oil cracks provided further support to margins, which pushed above 2022 levels in July. market is fully integrated in the world market for refined products. The demand for oil is ever-increasing, and with the rise of emerging markets, the demand is expected to grow even more. The fluctuations in crude oil price often have widespread economic impacts, from transportation costs to energy prices. These external shifts can generate major new opportunities, but require refiners to be nimble and proactive as they re-optimize to the “new normal External market shifts are not new to the downstream oil and gas industry. Bids and offers always reflect standard industry norms and practice. Kaase Gbakon, an energy expert As the most liquid and leading platform for trading global crude and refined oil markets, ICE provides hundreds of oil futures and options contracts, including a wide range of North American grades. It exists in numerous forms with distinct characteristics and is categorized based on its toxicity, API gravity, volatility, chemical composition, geographical location, viscosity, and sale benchmarks. The spot month assessments for all US domestic pipeline barrels, with the exception of Bakken, change on the first business day after the 25th of the calendar month unless otherwise specified. This trend carries important implications for the oil marketing sector, particularly for companies involved in refining and fuel distribution. Since Qua Iboe gives the maximum margin, two Qua Iboe cargoes are selected by this method. What is the overall margin trend across all crude oil grades? It is mostly increasing. For beginners, understanding the different types of crude oil is essential for grasping how the oil industry works and why some oils are more sought after than others New York — Refiners are seeing margins weaken around the world on ample refined product supply and high crude stocks, while Saudi Arabia is cutting its official October crude selling prices in an attempt to incentivize crude buying, an analysis from S&P Global Platts showed Sept. Nov 1, 2019 · The U. producers would have to complete more than 5,400 wells in 2H25 to match the number of wells completed in all of 2024. Crude Quality Comparison This chart compares various crude oil grades based on two key characteristics: API gravity and sulfur content. The two most important characteristics are: API gravity, indicating how heavy or light a grade is, where a higher value indicates a lighter crude; and Sulfur content, indicating how sweet or sour a grade is, where a higher value indicates a Sep 30, 2020 · Crude oil is a complex mixture of various hydrocarbon and non-hydrocarbon compounds. U. With over 200 varieties of crude oil actively traded, benchmark crude oil establishes a standard against which different grades Jul 31, 2023 · The next 10 years of futures contracts for WTI Crude Oil, along with the latest WTI Crude Oil news and articles. The crude oils represented in the chart are a selection of some of the crude oils Hydroskimming yields are based on publicly available crude oil assays. letsallanswer. It represents the difference between the value of petroleum products produced by a refinery and the cost of the crude oil used to produce them. Mar 31, 2025 · Crack spreads, which represent the price difference between products and crude oil, can be used to determine the relative value of various petroleum products for refineries to produce. Its value, ease of refining, and environmental impact depend on its specific characteristics. Aug 17, 2023 · A look at US refiners' second quarter earnings shows quarterly refinery margins hovering just under 2022's record highs, and with global demand growth for transportation fuels outpacing new capacity additions, margins will remain robust for at least the next year. Global production and consumption has been increasing and more than 80 million barrels of crude oil is produced each day based on IEA statistics for 2013. Apr 26, 2021 · "We're also seeing positive signs in the crude market with wider discounts for sour crude oils and residual feedstocks relative to Brent as incremental crude oil from the Middle East comes to market," Gorder said. By examining the price differential between crude oil and these output products, refiners can determine their profit margins. dollars per barrel for WCS ex-Cushing coking in the first quarter of 2022, making it the most profitable oil type that quarter. For example, from January 26 through February Jul 31, 2024 · Discover the classification and characteristics of the different types of crude oil. Apr 8, 2025 · 1. Even though average crude oil prices were reduced in FY24 from FY23, the retail price of Motor Spirit (MS) / High-Speed Diesel (HSD) was unchanged since April 2022 which resulted in a higher marketing margin in FY24. Jul 10, 2024 · The high cost of Nigeria’s 35 crude oil grades including Bonga, Agbemi and others has been attributed to be the reason why Dangote Refinery resort to buying crude oil from the United States. Feb 28, 2022 · Market overview The U. cash margins declined alongside generally weakening indicators for refinery utilization, demand, crude pricing, product prices, and product cracks. Catalytic Cracking A refining process which breaks down the larger, heavier, and more complex hydrocarbon molecules What determines crude oil quality differentials? Crude oil is not homogenous. It provides a basis for comparison and evaluation, facilitating transactions in the global oil market. ssdvs vyaf nkgwbxa snnm jldeb vrjvtx xbrkwe mgclxs pdsrqkk bafh