دات نت نیوک
X
Wednesday 02 August 2017
number of visits: 284

Potential impact on crude markets

Potential impact on crude markets

The entire US refining industry is affected by any increase in the cost of imported crude oil. US refiners process about 16 million barrels per day of crude oil through roughly 150 refineries spread across the country. About half of this crude oil comes from US domestic production and half from imports, and this broadly holds true for all regions of the US. As a result, an increase in the cost of imported crude would directly raise the price of much of the primary feedstock for the industry.

More importantly, the cost of imported crude effectively sets the price for all crude oil—both imports and domestically produced volumes—sold to US refiners. Prices for different crude oils are essentially set by the producers competing for refiners’ business. This forces prices to equilibrate so that all grades from all sources are equally attractive to refiners. This means that any increase or decrease in the price of one major source of crude (such as imports) will quickly translate to a similar shift in all crude prices.

Picture
  • Potential impact on crude markets
About Us

Iranian Refinement development premier is specialized in providing a complete line of drilling and well completion downhole tools, well hydraulic and acid fracturing downhole tools, oilfield equipment and facilities and most of well engineering services. To meet high expectation of clients in Middle East, Irdp has dedicated its upmost effort to deliver equipment, services and solutions that improve customers’ performance.

 + More Information

Contact us
  •  phone: +98 21 228 15761
  •  Fax:+98 21 228 15346
  •  Adress: Unit 401, Laleh Alley, Qasemi (North Golestan) St., Movahed Danesh St., Aghdasiye. Tehran, Iran
  •  Email:  Info@tpselect.com