@mad max 'So what's a barrel of API 19 grade oil worth.. .. if its higher API then logically its more valuable and there is less processing for a light crude than a heavy oil .. I am just trying to understand what a barrel of oil is worth depending on its grade ... excuse my ignorance here as the question may be rather simplistic ." @Areo - 'Possibly more valuable than the heavy sour Albertan crude (oil sands) US refineries use (Western Canadian Select, currently ~$54USD per barrel)"
... Max you may need to keep in mind that Cuba maybe a US embargoed / sanctioned country ... anyone who attempts to maybe muddy the waters by comparing gulf-refineries maybe naive [at best] ...
... suggest you search up what this means and also what 'secondary sanctions' may mean also ...
... maybe some US sanctioned countries - Iran / Cuba / North Korea / Venezuela ...
... as for API ... do you 'really' want to know [?], doubt it ... [though MAY Australian assets may look better imo]
... MAY have been performing extremely well operationally imo ...
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