speculate that this new round of sanctions will reduce crude oil volume by 600,000 – 1,500,000 barrels per day; from the record high figures of crude oil exported by Iran in April 2018 at 3. 09 million
upwards by 6.45 USD/BBL with respect to the policy switch made by OPEC members, from increasing market shares to a joint decision with non OPEC member countries to reduce crude production. When compared to
compared to Q3/2016 adjusted upward by 7.25 $/BBL in regards to policy change made by OPEC members, from increasing market shares, to a joint decision with non-member countries to reduce crude production
jointly reduce crude production. Dubai crude price in Q4/2017 on average increased by 8.88 $/BBL when compared to Q3/2017, with respect to the OPEC and Non-OPEC countries’ joint decision to extend their
at 3.77 $/BBL, a decrease of 9.92 $/BBL when compared to Q1/2018. This was due to the mounting pressure from Shale Oil production, of which 52.5% yield is Gasoline, rose by 1.1 million barrels per day
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude
transactions by 10.82 million barrels (+71%) compared to 2018. The main products that were transacted include crude oil, Gasoline, and Fuel Oil. Within this year BCPT was able to expand their market to new
recorded an increased revenue coinciding with global crude oil price, leading to increased gross profit, but saw production and sales volume decrease according to the Natural Decline Curve. There was also
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease