oil stocks

oil stocks

oil stocks

Here are some insights on oil stocks:

1. Major Oil Exploration and Production Companies in India: The list of major oil exploration and production companies in India can be identified on the basis of their market capitalization1.
2. Best oil and gas reserves in India 2023: The oil and gas industry is fraught with serious risks, including volatility in commodity prices, potential default of dividend-paying companies, and oil and natural gas likely oil spill or other accidents during or extraction2. Here are some of the top Indian reserves in the oil and gas sector

• Oil India
• Oil & Natural Gas Corporation
• Hindustan Oil Exploration Company
• Deep Energy Resources
• Reliance Industries
• Jindal Drilling & Industries
• Petronet LNG
• Selan Exploration Technology
• Asian Energy Services
• Bharat Petroleum Corporation
• oil stocks

1. Oil Stocks for an Energy Dependent World: You can find a list of profiles of publicly traded oil stocks involved in drilling, oil production, exploration, refining, and marketing.
2. Top Oil Stocks to Buy in 2023: There are dozens of oil stocks that run the gamut from pure-play E&Ps, midstream companies, service providers, and refiners to integrated oil majors that do a little bit of everything.

What is the current price of oil

The current prices of different types of crude oil are as follows

• WTI Crude: $85.22 per barrel
• Brent Crude: $89.87 per barrel
• Murban Crude: $91.57 per barrel

Please note that these prices are subject to change as they fluctuate based on market conditions. It’s always a good idea to check the latest prices from a reliable source.

What is the difference between WTI and Brent crude oil

WTI (West Texas Intermediate) and Brent are two of the main benchmarks for crude oil pricing globally. They are both types of sweet crude oil, but they have different characteristics and are sourced from different locations

1. Extraction Location:
   • WTI: It is extracted from oil fields in the United States, primarily in Texas, Louisiana, and North Dakota².
   • Brent: This is extracted from oil fields in the North Sea. ‘Brent Crude’ refers to a blend of four crude oils – Brent, Forties, Osberg, and Ekofisk which together are known as BFOE
2. Content and Composition:
   • WTI: It has an API gravity of about 39.6, making it quite light. It also has a sulfur content around 0.24%, making it very sweet
   • Brent: It has a variable sulfur content depending on the grade, but generally around 0.37%¹.
3. Usage:
   • WTI: It is used to refine larger portions of gasoline
   • Brent: It is used for making both gasoline and middle distillates
4. Storage and Transportation:
   • WTI: It has limited storage capacity on land
   • Brent: It has unlimited storage capacity because it is produced at sea¹.
5. Pricing:
   • Historically, WTI generally commanded a higher price in the trading market. However, due to advancements in oil drilling and fracking, WTI has become cheaper than Brent Crude

Please note that geopolitical influences can have a big impact on oil prices. For example, many of the world’s leading oil-producing nations outside of the US rely on crude oil to balance their fiscal budget. Historically their political systems have been quite volatile, which has led to price spikes in oil – particularly Brent crude

oil stocks

Sweet crude oil is a type of petroleum. It is designated as sweet if it contains less than 0.5% sulfur The term “sweet” originates from the fact that a low level of sulfur provides the oil with a relatively sweet taste and pleasant smell¹. Sweet crude oil is highly sought after because it produces more gasoline or diesel fuel and releases fewer contaminants during the refinement process For example, West Texas Intermediate (WTI) crude oil is a popular example of light sweet crude oil in North America Please note that not all crude oils are alike and their qualities can differ based on factors like weight, sweetness, and Total Acid Number (TAN count