Tag Archives: crude oil

Oman Crude is a medium sour crude from Oman destined for East of Suez markets. Oman crude futures are traded at the Dubai Mercantile Exchange (DME) under ticker symbol OQD (the DME is a fully electronic exchange, and its contracts … Continue reading →

Light Crude oil is liquid petroleum that has low density and that flows freely at room temperature. It has low viscosity, low specific gravity and high API gravity due to the presence of a high proportion of light hydrocarbon fractions. … Continue reading →

Sweet crude oil is considered “sweet” if it contains less than 0.5% sulfur. In comparison, sour crude oil contains impurity sulfur levels larger than 0.5%. Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide and it is … Continue reading →

The OPEC Reference Basket (ORB) is a weighted average of prices for crude oil blends produced by OPEC countries. It is used as an important benchmark for crude oil prices. The Reference Basket currently consists of a weighted average of … Continue reading →

Dubai Crude, also known as Fateh, is a light sour crude oil extracted from Dubai. Dubai Crude is used as a benchmark for pricing exports of Persian Gulf sour crude oil to Asia. The other two main global oil price … Continue reading →

Mars-type crude oil of the Louisiana offshore. Gulf Coast Sour Crude Oil futures are traded at the NYMEX under ticker symbol MB. Contract size is 1,000 barrels with a contract price quoted in US Dollars and Cents per barrel. Delivery … Continue reading →

Russian Export Blend Crude Oil (REBCO), also known as Urals oil, is a medium gravity sour crude. It is a mix of heavy oil from the Urals and the Volga region with light oil of Western Siberia, set for delivery … Continue reading →

The Western Texas Intermediate (WTI), also known as Texas light sweet, is a light crude oil low in wax and sulphur content which makes it light and sweet. It is usually refined into gasoline, kerosene and diesel. It is used … Continue reading →

Brent crude is a crude oil sourced from the North Sea (between Great Britain and Scandinavia). Brent crude is a light sweet crude oil, though not as light or sweet as the West Texas Intermediate (WTI). It contains approximately 0.37% … Continue reading →

Crude oil is a naturally occurring liquid composed mostly of hydrogen and carbon. It is usually found underground but can also be found above ground in oil seeps or tar pits. It is used to produce fuel for cars, trucks, … Continue reading →