Tag Archives: energy
RBOB Gasoline
RBOB (Reformulated Gasoline Blendstock for Oxygen Blending) gasoline is a reformulated regular wholesale non-oxygentated blendstock that is ready for the addition of 10% denatured fuel ethanol (92% purity) at the truck rack. It is traded at the New York Harbor … Continue reading
Gasoline
Gasoline, also known as petrol, is a liquid mixture obtained by the process of fractional distillation directly from crude oil. It is used as fuel in internal combustion engines and also as solvent. It contains the additives toluene and benzene … Continue reading
Ethanol
Ethanol, known also as ethyl alcohol, is a bio-fuel produced from either sugar cane (Brazil) or corn (United States). It is produced by a process of fermentation. Ethanol uses are wide. It is used as solvent, as an alcoholic beverage, … Continue reading
Oman 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 vs Heavy Crude Oil
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 vs Sour Crude Oil
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
OPEC Reference Basket
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 Oil
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
Gulf Coast Sour Crude Oil
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
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