What you want is sweet, light and non-waxy.
Very rough rule-of-thumb here - everything out of heavy, sour and waxy will cost you about a third of the price you get.
Waxy oil is actually reasonably common, and you need to keep the oil hot to stop it solidifying.
You also want the refinery to be kitted up to be able to get rid of the wax.
As far as I know, Australia doesnt tend to produce waxy crude, so it might be a problem at the refinery end.
Ian Whitchurch
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.08 |
Change
-0.080(6.90%) |
Mkt cap ! $72.10M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.24 | $1.08 | $100.2K | 88.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1379 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 80 | 1 |
View Market Depth
| Last trade - 12.38pm 18/07/2025 (20 minute delay) ? |
| LKO (ASX) Chart |