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For A Change, OPEC Is Worried
Supply is ahead of demand — but falling prices probably won’t last long.
December 14, 2004
Crude Lessons About Oil
All crude oil is not created equal. No one knows that better than the world’s refiners. The markets generally track a type of oil referred to as “light, sweet” crude. But while this fast-flowing, low-sulfur variety is in tight supply and goes for roughly $50 a barrel, there’s a veritable ocean of thicker, lower-quality crude being pumped out by Saudi Arabia, Mexico, and others that currently sells for as little as $35 a barrel.
November 8, 2004
