The price of a barrel of low-quality crude oil is less than zero in the US.
For example, in North Dakota the Flint Hills Resources company, engaged in oil refining, offered its customers to pay 50 cents for each barrel of oil they purchased.
It is reported that the negative price for the oil was established due to the fact that expensive equipment is necessary for processing of sour hydrocarbons that became available due to the general decline in energy carrier prices.
According to APA, a barrel of high-sulfur oil cost $47 in January 2015. Its has already reached $13 a barrel.
