Oil market roiled by too much gasoline, not enough diesel: Kemp - Reuters News

IMO, this is an obvious consequence of the post-2005 increase in global condensate production as a percentage of total global crude + condensate (C+C) production, and the corresponding decline in actual global crude oil production* as a percentage of global C+C production (see attached chart).

*Actual crude oil is generally defined as crude oil with a maximum API gravity of 45 degrees (max API gravity for WTI crude oil is 42 degrees).

Jeffrey Brown

Oil market roiled by too much gasoline, not enough diesel: Kemp - Reuters News

https://uk.reuters.com/article/oil-prices-kemp/column-oil-market-roiled-by-too-much-gasoline-not-enough-diesel-kemp-idUKL8N1XR38K

Global Gas and C&C Production 2002 to 2017.pdf

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