CGES: Global crude supplies will continue to get heavier

According to a report from the Centre for Global Energy Studies (CGES), the global crude supply barrel got heavier during 2000-04. The July 5, 2006, report entitled “Global Oil Report: Market Watch-Trends in crude oil quality” said that increased amounts of heavier crudes would make their way to refiners in the coming years.The crude supply barrel has changed substantially since 2000, according to a 2005 OPEC report.1 That report concluded that there is currently a “mismatch between the installed refinery capacity and crude type.” The CGES report examines in detail the changes that have occurred to the crude stream coming to market during the last 5 years.Non-OPEC ...

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