Locator: 51289B.
Pageviews: 69,787,648. 0016 a.m. July 30, 2026.
AAPL: shows another gain prior to earnings release. If number is anything less than what analysts are whispering, AAPL will plummet.
Chart of the day:
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Back to the Bakken
WTI: $84.99.
New wells reporting:
- Saturday, August 1, 2026: 1 for the month, 42 for the quarter, 395 for the year,
- 42105, conf, Formentera Operations, Bull Mountain-31-18-DIV S611HF,
- Friday, July 31, 2026: 41 for the month, 41 for the quarter, 394 for the year,
- None.
- Thursday, July 30, 2026: 41 for the month, 41 for the quarter, 394 for the year,
- None.
RBN Energy: variations in crude oil quality make on-spec delivery critical for global refiners. Link here. Archived.
Crude oil — often mistakenly described as a single, standardized commodity — is anything but uniform. Every stream has its own chemical fingerprint, including differences in density, sulfur content and a host of other qualities. Those variations can have real consequences for refiners, traders and the folks who move the stuff around. In today’s RBN blog, we’ll dig into why crude quality matters and how it can make a real difference to the bottom line.
Let’s start with the basics. Crude quality is often measured by two main traits: density and sulfur content. Density is measured using API gravity, indicated in degrees (°). A higher API number means lighter crude, while a lower API number indicates the opposite. In general, crude oils above about 35° API are considered light (blue-shaded rows in Figure 1 below); those between roughly 25° and 35° API fall into the medium category (pink-shaded rows); and anything lower is heavy (green-shaded rows).
