Oil futures prices ended down during the first half of 2017, which also happened to be the six-month period for OPEC’s initial deal with several non-OPEC producers to cut output by 1.8MM b/d in an attempt to balance the market and bolster prices. A rally in April that was sparked by several production disruptions at countries not affiliated with the deal was fleeting, as was another rally in May after OPEC announced a nine-month extension of the output cut, to March 2018. The following chart shows prices for US WTI, UK Brent, and the OPEC basket of crudes, as well as the transatlantic spread between WTI and Brent from Jan. through June 2017.
XOS has announced the worldwide release of Petra MAX™, a new D4294 analyzer with combined analysis of 13 elements from P to Zn. For more information, visit here
OMMICA™ from LUX Assure can save time and money with simple, onsite methanol analysis. For more information, visit here
Improve crude diet flexibility and increase your profits with the Baker Hughes Crude Oil Management™ approach—a proactive way to overcome the processing challenges of different crude blends. For more information, visit here
Baker Hughes' TOLAD™ cold-flow additives enhance the low-temperature handling properties of biofuels, petroleum fuels, residual oils, and crude oils. For more information, visit here
Maxxam Analytics' offers services to predict and measure viscosity of crude oil blends. For more information, visit here