Asia will use cheaper oil
Asian oil refining factories gradually pass to use of high-sulfur crude oil, which is considered cheaper and less suitable for gasoline manufacture. It is supposed, that in the near future Asian refining factories will increase volumes of processing of this kind of oil on 40 %.
Moreover, experts assure, that in the nearest decade demand for oil in the Asian countries will increase approximately on 30%, and construction of new refining factories, based on high-sulfur crude oil is required.
Traders speak that a principal cause of such sharp transition on high-sulfur crude oil is record-breaking high prices for oil which in the beginning 2008 has overcome a psychological mark in 100 doll./Barr. and it, in turn, extremely negatively affects profit of Asian oil refining factories.
It is also necessary to note, that this kind of oil is much cheaper, than more popular light crude. For example, the barrel of Sudanese Dar Blend crude (which it is characterized by the raised maintenance of sulfur) costs about 21-22 dollars while barrel of Light Sweet Crude Oil costs about 93,02 dollars
