If you want to know Barebacker's next post just look at his last couple doz all pretty much the same ...same old anti MAY snide remarks ..heavy oil rahrahrah ..APi APi. low pressure rahrah ... SP going nowhere rahrah ..
On that so called worthless HEAVY OIL...APi sub 10< -- high sulfur and metal content (MAY looking like they have a much higher Quality low sulfur content 19 Api in the 1B)
https://oilprice.com/Latest-Energy-...ts-Climbed-Above-800000-Bpd-In-September.html
Crude oil exports from Venezuela last month topped 800,000 barrels daily, which was the second-highest monthly export rate since the start of the year.
-The biggest buyer of Venezuelan crude is still China, which is also the biggest investor in Venezuelan crude. Since 2007, Beijing has poured some $60 billion in oil-backed loans into Venezuela.(what for worthless heavy oil WTF Barebacker???)
-For August, PDVSA reported an average daily production rate of 820,000 barrels, an increase of 10,000 bpd from July, and a bigger increase from the average 785,000 bpd for the first eight months of the year.
Exports in August, however, fell sharply due to outages at two heavy crude upgraders where the heavy crude is blended with liquid fuel to make it suitable for loading on tankers.....
....OIL price taking a breather of late but for how much longer ..
