EBF 301
Global Finance for the Earth, Energy, and Materials Industries

Mini-Lecture: Crude Oil Logistics


The following mini-lecture traces the flow of crude oil from the wellhead to the refinery using various forms of transportation. We also discuss the two global standards for crude oil, West Texas Intermediate, and Brent North Sea. The major supply/demand districts in the US are presented, as well as supply and demand statistics.

Key Learning Points for the Mini-Lecture: Crude Oil Logistics & Refining

While watching the Mini-Lecture, keep in mind the following key points and questions:

  • Wellhead to retail pump infrastructure
  • What are the costs and revenue opportunities on the “value chain”?
  • “West Texas Intermediate” crude oil vs. “Brent North Sea” oil
  • What are “PADDs”?
  • Supply & Demand overview
EBF 301 Crude Oil Logistics
Tom Seng - John A. Dutton e-Education Institute