by BabyPeanut » Wed 27 Jul 2005, 21:58:23
Is what you want the price of heavy, sour crude oil as a chart? I've often wondered about that.
This isn't quite that but it's a start:
http://www.nexeninc.com/files/Annual_Re ... ty_mda.pdf
Some terminology worth studying
"crude spreads" - the difference in price between good and bad crude.
MAYA - Mexican heavy, sour
MARS - sour from Deepwater
http://www.dnr.state.la.us/SEC/EXECDIV/ ... _topic.pdf
$this->bbcode_second_pass_quote('', 'S')hell Oil Company has made several discoveries in the Mississippi Canyon area of the
deepwater Gulf. Shell’s production from Ursa, Mensa, and Mars platforms commingles with
production from the Amberjack pipeline volumes to make up the MARS Blend sour crude oil
(“sour” referring to sulfur content).
http://www.energybulletin.net/3639.html$this->bbcode_second_pass_quote('', 'F')or example, Figure 2 shows that as the price of crude oil has risen over the past two years in all grades (e.g., light, sweet WTI; medium, sour Mars; and heavy, sour Maya) the spread between WTI and Maya has widened to around $15/bbl. versus $9/bbl. in the first half of 2004, $6-7/bbl. last fall, and around $5-6/bbl. at this time two years ago. At $15/bbl. less than WTI, the price of Maya is very close to the politicians’ “correct” price of $30/bbl. Other crude spreads show similar patterns. Mars now trades at a discount to WTI around $9/bbl. versus $4-5/bbl. in the first half of 2004, $3-4/bbl. last fall, and $2-3/bbl. two years ago.
