Price differences between U.S. light and heavy crude oil grades have been widening, pricing data showed, as refiners around the world have been snapping up less-dense crude grades for more gasoline production. As summer begins, sky-high demand and profits from motor fuel production has encouraged global refiners to buy lighter barrels. Since Russia’s invasion of Ukraine, more Russian Urals crude has been moving to Asia as more U.S. light-sweet heads to Europe. read more Those changes, combined with ultra-high prices for natural gas used in refining, have favored, easier-to-process lighter grades. Prices for U.S. natural gas have more than doubled this year. Gasoline-friendly light sweet WTI Midland priced at East Houston, called MEH, […]