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Light sweet crude oil is a very special type of crude oil. It is much more sought after than regular crude oil. With light sweet crude oil, the refinery can make gasoline, kerosene, and high quality diesel fuel. Light sweet crude oil contains less than .05% sulfer and is much lower in other impurities. Since [...]
Read full post...Reacting to the increasing conflict between Gaza and Isreal, oil prices rose Monday in Asia. Arab leaders protested the attacks, including Isreal’s deadliest ever against Gaza’s Hamas leaders on Sunday. Isreal views their actions as a response to rockets being fired into Isreal. Rockets continue to be fired as Isreal prepares its ground forces.
Isreal-Palestinian conflict may put a quick [...]
The OPEC cartel is expected to announce a big production cut next week as oil slips today. It looks like the market is mulling over the impact of the cut as the prices have slipped down today as investors questioned whether a big production cut — expected to be announced by OPEC next week — [...]
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