In this article, we will discuss the different types of crude oils and their relevance. Let’s start by going through the different types of crude oils in the market. Firstly, there is the West Texas Intermediate or WTI, which is also known as US crude. It is considered to be a premium-quality crude oil and is highly valued all around the world.
FAQ crude oil types
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 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 is Class D crude oil?
Class D crude oil is relatively nontoxic. Crude oil prices ebb and flow. 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.
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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