Mar. 20 at 7:03 PM
$TPET $EONR $BATL $TMDE $USO
US oil are on the lighter side.
Canadian oil, Venezuela oil and major Middle Eastern producers, including Saudi Arabia, Iraq, Kuwait, and Iran oil on the heavy side with a tar like consistency which is very difficult to pump and process.
It would take lots of money and time to fix Venezuela oil refineries. Same for the Middle East oil Infrastructures that got damaged & Destroy since this war started.
Murban Crude (UAE): A light, low-sulfur crude that serves as a key regional benchmark. << US Oil have a similar consistency which is easy to produce.