Crude oil types list

Benchmark Crude Oils: OPEC, WTI, and Brent WTI stands for West Texas Intermediate. This is oil produced in the United States. It is typically on the lighter end of… Brent oil comes from the Scottish Brent and Ninian Systems located in the North Sea. This oil is also light and sweet,… OPEC stands …

FAQ crude oil types list

What are the different types of crude oil?

Examples: Wabasca Heavy, Captain, Jubarte. A Sweet Light crude oil would be of highest value. Synthetic Crude oils are produced when bitumen or extra heavy crude oils are ‘pre-processed’ to produce a lighter, lower Sulphur crude oil. Examples: Suncor OSH, Hamaca, Premium Albian Synthetic.

What are the classifications for crude oil density?

The following shows the classifications for crude oil density: Crude oil can also be referred to as sour or sweet, based on the sulfur content of the unrefined oil. Determining the sulfur content in crude oil is an important assessment of quality. Sulfur must be removed when refining crude.

What is the composition of crude oil?

Updated November 04, 2018. Liquid petroleum pumped from oil wells is called “crude” or "crude oil.". Composed predominantly of carbon, crude oil contains approximately 84 to 87 percent carbon and 11 to 13 percent hydrogen. Crude oil also contains varying amounts of oxygen, sulfur, nitrogen, and helium.

What are the most commonly traded crude oil blends?

For example, West Texas Intermediate (WTI) is the first most commonly traded crude oil blend, followed by North Sea Brent. 3 Historically, Brent and WTI crude oil prices have tracked each other closely, even though their levels can be different. That was up until 2011, though, when the two prices diverged.

Crude Oil Characteristics

What is Crude Oil?

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