Whenever oil prices rise, crude oil invariably makes headlines; however, it would be incorrect to assume that there is only one type of crude oil in the world. In reality, crude oil comes in various ...

U.S. refineries are fully capable of processing shale oil but were built around heavy, sour crude after tens of billions in capital upgrades — running too much light crude sidelines that expensive ...

New details have been released regarding the Loop oil spill in the Gulf of Mexico. Seafood samples of shrimp, crab, and oysters showed no traces of oil contamination. The spilled substance is a heavy, ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. CARSON, CALIFORNIA - MARCH 10: In an aerial view, Marathon ...

"The price of oil" isn't actually just a single number. Oil prices (plural) are determined by several factors, including what kind of oil you're talking about, where it comes from, where it's going, ...

How is West Texas Intermediate different from say Saudi crude or Venezuela sour? What is light, sweet crude? Why does the type of oil matter? At a refinery, crude oil ultimately gets converted into ...