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Crude

das Schmiermittel der Weltwirtschaft

Key indicators for Middle Eastern medium-sour crude, such as Oman and Dubai contracts, are rallying too.1)

Heavy vs. light

Every country produces different crude grades, this is why global oil flows are so important. (from newspaper article)

FAQ

When it comes out of the ground, oil is knovvn as crude oil and is a mixture of petrochemical and other components, such as sulphur, sand and some waten that need to be removed or reduced beíore the refining process. 3)

Tools

Platts Periodic Table of Oil

https://www.spglobal.com/commodityinsights/plattscontent/_assets/_files/downloads/crude_grades_periodic_table/crude_grades_periodic_table.html

https://web.archive.org/web/20231129104853/https://www.spglobal.com/commodityinsights/plattscontent/_assets/_files/downloads/crude_grades_periodic_table/crude_grades_periodic_table.html

Crude oil price changes can cause wide swings in refining margins because they’re the main feedstock of refineries. Petroleum product prices are sticky—it can take weeks for changes in oil prices to work their way into petroleum product prices. 4)

Crude Oil Varieties and Fuel Production: Light vs. Heavy Crude

Diesel, jet and marine fuel are more easily made from the heavy crudes hailing from Russia and the Middle East than from lighter varieties such as U.S. shale oil, which is bet- ter suited to making gasoline.

Chemistry of oil


C2H4 is more reactive than C2H6 because the latter is an alkene.it is unsaturated compound and its pi bond are easily available for the reaction.

Types of Crude


Name and File Description Country API ° Sulfur % wt. Locations Similar
Mars Medium density, high sulphur crude oil US 29.7 xxx xxx
Buzzard medium sour North Sea 32.6 1.44 Urals
Castilla desc Colombia API xxx xxx
Forcardos desc Nigeria 31.5 xxx xxx
Forties Blend 41.0 0.65
Urals medium sour Russia 30.68° 1.48%. EE, CE, Med Buzzard
Arco xxx Russia xxx° xxx%. xxx xxx
Varandey xxx Russia xxx° xxx%. xxx xxx
Novy Port xxx Russia xxx° xxx%. xxx xxx
Sokol xxx Russia xxx° xxx%. xxx xxx
Kurdistan Blend xxx Kurdistan xxx° xxx%. xxx xxx