Crude oil grades decline since 2011 across the refinery inputs in the United States according to the U.S. Energy Information Administration.
- The change in domestic production and imports reduced the mix of crude oil grades (or the crude slates) across the East Coast, Gulf Coast, and West Coast region;
- Production of increasingly lighter crude oil in the United States has contributed to the overall lightening of the crude oil slate for U.S. refiners;
- The fastest-growing category of domestic production has been crude oil with an API gravity greater than 40 degrees;
- Light crude oil production in the Lower 48 states has grown from an annual average of 4.6 million barrels per day to 6.4 million barrels per day in the first seven months of 2019.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.