# Changing quality mix is affecting crude oil price differentials and refining decisions -
		U.S. Energy Information Administration (EIA)

> The EIA reports that growth in global light crude supply since March has offset declines in medium and heavy crude output. OPEC cuts, Canadian outages and Venezuelan and Mexican declines have reduced medium and heavy supply.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/69127-changing-quality-mix-is-affecting-crude-oil-price-differentials-and-refining
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Shifts in crude quality narrow price differentials and change refinery runs, which affects diesel and energy cost trends but has limited direct effect on feed commodity prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -8.1% | -21.6% |
| WTI | 2020-05-27 | [North American crude oil prices are closely, but not perfectly, connected -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/53304-north-american-crude-oil-prices-are-closely-but-not-perfectly-connected-u-s.md) | +6.6% | +16.8% |
| WTI | 2024-02-01 | [EIA expects relatively flat crude oil prices in 2024 and 2025](https://feedsoft.ai/events/32277-eia-expects-relatively-flat-crude-oil-prices-in-2024-and-2025.md) | -2.6% | +3.6% |
| WTI | 2024-02-01 | [EIA: U.S. crude stockpiles rise, products draw on low refining rates](https://feedsoft.ai/events/31856-eia-u-s-crude-stockpiles-rise-products-draw-on-low-refining-rates.md) | -2.6% | +3.6% |
| WTI | 2022-06-21 | [US refining capacity falls to lowest mark in 8 years amid record prices: EIA](https://feedsoft.ai/events/41121-us-refining-capacity-falls-to-lowest-mark-in-8-years-amid-record-prices-eia.md) | +1.1% | -3.7% |
| BRENT | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -7.8% | -22.1% |
| BRENT | 2020-01-31 | [Risk of oil supply disruptions can have an immediate effect on oil prices -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55266-risk-of-oil-supply-disruptions-can-have-an-immediate-effect-on-oil-prices-u-s.md) | -5.1% | -10.0% |
| BRENT | 2017-03-10 | [Another type of crude oil to be included in calculation of the Brent price benchmark -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/72177-another-type-of-crude-oil-to-be-included-in-calculation-of-the-brent-price.md) | -0.5% | +5.5% |

## Sources

- eia.gov: https://www.eia.gov/todayinenergy/detail.php?id=33012

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.