More OPEC production and higher global natural gas prices widen crude oil price spreads

More OPEC production and higher global natural gas prices widen crude oil price spreads
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03.12.2021

Recently, prices of high-sulfur crude oils have been declining relative to low-sulfur crude oils. Rising crude oil exports from OPEC members that produce mostly medium-sulfur or high-sulfur crude oils, also called sour crude oils, and higher natural gas prices have contributed to lower prices for sour crude oils relative to low-sulfur (sweet) crude oils.

Full article at eia.gov

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