A new crude in town
Equinor and Var Energi will soon start production of Johan Castberg, which is a 34.7oAPI crude with 0.16wt% sulphur. How does it compare with the other crudes in the Brent complex?
Making sense of the prices of very light crude in the Mediterranean
Abundance of supply of very light crude continues to be a great opportunity for Mediterranean refiners, most notably CPC Blend and to a lesser extent also Saharan Blend and BTC Blend. This paper explains the market mechanisms that set the prices of CPC Blend.
