https://bioage.typepad.com/.a/6a00d8341c4fbe53ef022ad3566378...
Some of them are in the low $20s.
On the other hand, Saudi Arabia needs oil to be >$80 in order to balance its budget: https://www.reuters.com/article/us-saudi-arabia-imf/saudi-ar...
https://bioage.typepad.com/.a/6a00d8341c4fbe53ef022ad3566378...
Some of them are in the low $20s.
On the other hand, Saudi Arabia needs oil to be >$80 in order to balance its budget: https://www.reuters.com/article/us-saudi-arabia-imf/saudi-ar...
For instance,the Exxon refinery in Baytown can refine darn near anything.
The EIA has a page to track it and he different types of crude oil here: https://www.eia.gov/opendata/qb.php?category=1292755
We can refine anything, but other places can not, so they pay more than we would for the nicer oil. We used to mainly get oil from Venezuela, which is extremely sour. Saudi Arabia affects our prices due to the world market, but we have never gotten much oil from there because of the long shipping distance.