Originally Posted by KAZ555

Problem with Saudi oil is that the reserves contain a decent amount of heavy oil with high sulfur as opposed to Kuwaiti oil which is mostly precious sweet crude. All the crude produced in Saudi Arabia, except for that of the offshore Field in the Persian Gulf is sour (lower quality oil) Kuwait has lots of oil with viscosity ranging from API-30-40 (less than 0.5% sulfur) thus making it very desirable to refiners.

Now that is where the Mobil Exxon profits come in, Mobil Exxon has a sophisticated refining system that allows them to buy discounted crude heavy petroleum with high sulfur content than their competitors. The company is making huge profits because it can buy the crude at a cheaper trading price.


Just had to share