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Title : Men Are From Mars, Women From Venus -- July 5, 2018
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Men Are From Mars, Women From Venus -- July 5, 2018

From SeekingAlpha. I am posting this only to educate myself regarding US sour. There is no other reason why I am posting this.

MARS:

Sellers of U.S. sour crude grades have lowered prices also because OPEC and allies agreed in June to boost production by an unspecified number, which Saudi Arabia interprets as an increase of up to 1 million bpd.

Currently, the U.S. Mars grade for Asian customers for October delivery is offered at US$1.00-1.50 a barrel premium over the Dubai benchmark on a cost-and-freight basis—down by at least US$0.50 per barrel from the Mars grade prices for September delivery.

The current Mars pricing is on par with the Middle Eastern sour crude Oman.

Bakken is sweet. From oilprice.com:

But I do believe, and correct me if I'm wrong, it's considerably less expensive to produce Williston sour than it is to produce Williston sweet.

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