Why Some Crude Oil Is Worth More Than Others
Crude Atlas
145 views
Not all crude oil is worth the same.
Two barrels can both hold 42 gallons, both come out of the ground, and still sell at very different prices.
In this video, we break down why some crude oil is worth more than others — from light vs heavy and sweet vs sour to refinery complexity, product yields, transportation bottlenecks, shipping costs, benchmarks, differentials, sanctions, and market demand.
You’ll see why a high-quality barrel can still trade at a discount, why heavy sour crude can be a bargain or an opportunity depending on the refinery, how logistics change the value of the barrel, and why the phrase “the price of oil” is a lot more complicated than it sounds.
Welcome to Crude Atlas — the world of oil, explained.
Subscribe for visual explainers about crude oil, refineries, pipelines, tankers, petroleum markets, chokepoints and the hidden systems behind the oil industry.
Why Some Crude Oil Is Worth More Than Others
Crude Atlas
145 views
Not all crude oil is worth the same.
Two barrels can both hold 42 gallons, both come out of the ground, and still sell at very different prices.
In this video, we break down why some crude oil is worth more than others — from light vs heavy and sweet vs sour to refinery complexity, product yields, transportation bottlenecks, shipping costs, benchmarks, differentials, sanctions, and market demand.
You’ll see why a high-quality barrel can still trade at a discount, why heavy sour crude can be a bargain or an opportunity depending on the refinery, how logistics change the value of the barrel, and why the phrase “the price of oil” is a lot more complicated than it sounds.
Welcome to Crude Atlas — the world of oil, explained.
Subscribe for visual explainers about crude oil, refineries, pipelines, tankers, petroleum markets, chokepoints and the hidden systems behind the oil industry.