This course explains how refineries can evaluate specific crude oils from the 600 or more crude oil streams available from around the world.
Faced with the possibility of tighter sanctions on Venezuela, US refiners are switching to lighter crude slates and sourcing more heavy grades from Canada and Mexico. Asian refiners look set to reap the benefit. This has implications for crude differentials in all parts of the world.
Fuel oil crack spreads have shown unexpected strength in the northern hemisphere summer as production cuts by OPEC and non-OPEC producers have tightened supply.