Tullow Oil - Re: TLW Stream Log - *Value of oil*...Dear brummell, I...

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11:45 01/06/2018

*Value of oil*...Dear brummell, I find your postings on this board usually very knowledgeable and helpful with respect to the various factors affecting TLW and the oil market in general. Thanks for the link about the coming sulfur restriction also. I am wondering though about this whole business of the sulfur content, the grades of oil and what producers will stand to benefit or otherwise. According to Wikipedia (granted, it is not infallible) …“Shale oil serves best for producing middle-distillates such as kerosene, jet fuel, and diesel fuel. Worldwide demand for these middle distillates, particularly for diesel fuels, increased rapidly in the 1990s and 2000s. However, appropriate refining processes equivalent to hydrocracking can transform shale oil into a lighter-range hydrocarbon (gasoline).”… This seems to contradict what you are saying about the US production(?) Is there a contradiction here or am I misinformed and or misunderstanding? Great to hear any opinions on this…