Sulphurous Crude Price Gap Widens
Saudi Arabia’s spare capacity is mostly of sulphurous crude, of little use for simple refiners who need lighter grades to substitute Libya’s high-quality output. Saudi Arabia’s solo move to boost output is widening the price gap between undersupplied...Espo Crude Blend
Russia’s new Espo crude blend has been a big success since its launch at the end of 2009, but Moscow’s desire to maintain the new grade’s stable low sulfur content and help promote it as a possible future Asian market benchmark is beginning to have a negative impact...Rising Production of Heavy Crude
The problems with Urals Blend quality are not just down to Espo, however. Rising production of heavy crude from the republics of Bashkortostan and Tatarstan has also had an impact, as has the failure to make any progress on establishing a crude quality bank system for...Coming to an end
“The easy oil is coming to an end,” says Alex Munton, a Middle East analyst for the Scottish energy consulting firm Wood Mackenzie. ”All the countries in the Middle East are going to have to start grappling with these [heavy-oil] reserves,”...Recent News
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Comments Off on Genoil Signs an Agreement in Saudi Arabia To Build a Super Upgrading Complex and Also Signs Immediate Revenue Generating Contract With a Middle Eastern Entity
“We Are Seeing a Strong Interest in GHU Technology with Oil Prices on The Rise” RIYADH, SAUDI ARABIA / ACCESSWIRE / October 27, 2021 / Genoil Inc (OTC:GNOLF) signed an agreement to...
