This is why OPEC doesn't care as much about Libyan oil

[Carlsbad + 19]

Libyan light, sweet crude is like US shale-produced oil, says Bloomberg. Not like oil produced in the Middle East. What OPEC likes is that more Libyan production will mean less US exporting...hmmm

[Marina Schwarz + 1,576]

But isn't Saudi crude also light? I mean, it's called Arab Light.

[Rodent + 1,424]

Saudi's have multiple grades. Heavy, Medium, LIght, Extra LIght, and Super Light.

http://fac.ksu.edu.sa/sites/default/files/types_of_saudi_arabian_crude_oils.pdfhttp://fac.ksu.edu.sa/sites/default/files/types_of_saudi_arabian_crude_oils.pdf

 

[Rodent + 1,424]

I think that's the case for most middle eastern countries, but I don't know that ratio of how much of each grade is produced. Anyone else?