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YGRN - U.S. Crude Exports Set To Hit New High Into Year-End
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Welcome to the export it all edition of Oil Markets Daily!
The majority of the investment community following the Saudi news is fixated on the total production outage, but the more important issue, as we will highlight in this article, is the crude quality issue. Abqaiq processes Saudi oil into Arab light and Arab extra light. The back-up for Abqaiq is currently unequipped to process the light sweet crude volume in the usual desired volume and with IMO 2020 coming, the light sweet crude shortage just got worse (and yes, all global crude grades are