Have you ever wondered why crude oil is called as sweet crude, light crude, sour crude, light sweet crude, etc. ? Crude oil is classified based on two factors: API Gravity and Sweetness. 1.API Gravity: 1.API Gravity is oil’s density to water and ranges from “light” to “heavy”. The market’s preferred type is the “light” …
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National Oil Companies (NOCs) are owned fully or partially by the state. Unlike the major supermajors like Exxon Mobile(XOM), BP(BP), Total(TOT), etc. the NOCs are controlled by the state though they may publicly listed as well. Some of the large oil companies in the world such as China Petroleum & Chemical Corp (SNP) and PetroChina (PTR) …
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Oil prices have fallen dramatically this year as the pandemic decimated global oil consumption. Currently Brent crude is trading under $37 for January delivery. With the fall in crude oil prices oil stocks have been crushed well. Most of the foreign exchange-listed oil stocks have plunged by 50% of more as shown in the table …
Continue reading ‘On the Year-to-Date Return of Exchange-Listed Foreign Oil Stocks’ »
Oil prices have fallen from over $68 per barrel earlier in January to around $43 now as measured by Brent Crude. In April when Coronavirus lockdowns were imposed in most countries price plunged to around $20 a barrel. Though prices have recovered as economies have slowly opened up, it is still a far cry from …
