Hi! I am new to the forums and would like to ask some questions.
I am into oil&gas sector and after reading detailed reports etc. I want to know what some of them mean.
What does Brent crack or diesel crack (or negative Heavy Fuel Oil (HFO)crack) mean? i thought brent crack meant the difference between buying brent contract and selling the contract of its products.bu then i got lost with the diesel crack.
Why is Brent-Urals crack so often quoted? what does it tell me?
What is the difference between NWE Brent (cracking),NWE Brent (hydroskimming), NWE Urals (cracking) And the difference between cracking brent from the US gulf coast or Mediterranean Urals craking etc. I know cracking and hydoskimming are processing methods but why the different prices for brent and urals in the same region?
I would appreciate any insight into this.![Thumbs up (y) (y)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
thanks
I am into oil&gas sector and after reading detailed reports etc. I want to know what some of them mean.
What does Brent crack or diesel crack (or negative Heavy Fuel Oil (HFO)crack) mean? i thought brent crack meant the difference between buying brent contract and selling the contract of its products.bu then i got lost with the diesel crack.
Why is Brent-Urals crack so often quoted? what does it tell me?
What is the difference between NWE Brent (cracking),NWE Brent (hydroskimming), NWE Urals (cracking) And the difference between cracking brent from the US gulf coast or Mediterranean Urals craking etc. I know cracking and hydoskimming are processing methods but why the different prices for brent and urals in the same region?
I would appreciate any insight into this.
thanks