A crude oil assay is essentially the chemical evaluation of crude oil feedstocks by petroleum testing laboratories. Each crude oil type has unique molecular, chemical characteristics. No crude oil type is identical and there are crucial differences in crude oil quality. Welcome to WTI Crude Oil Futures Whether you are a new trader looking to get started in futures, or an experienced trader looking for a better way to hedge crude oil, NYMEX WTI Light Sweet Crude Oil futures are the most efficient way to trade today’s global oil markets.

Strategic Petroleum Reserve crude oil quality specifications. ▫ “Sweet” < 0.5% total mass sulfur. ▫ “Sour” < 1.99% total mass sulfur. 8. Source: API (2011). "Crude   If an oil's API Gravity is less than 10, it is heavier than water and will sink. Lighter crude is less expensive to produce. It has a higher percentage  26 Jun 2013 Crude oils that are light (higher degrees of API gravity, or lower density) and sweet (low sulfur content) are usually priced higher than heavy,  M. R. Riazi and S. Eser, "Properties, Specifications, and Quality of Crude Oil and Petroleum Products," in Petroleum Refining and Natural Gas Processing, ed.

SOME INTERESTING FACTS ABOUT CRUDE OIL Oil is measured in barrels, which is equal to 42 US gallons or 159 liters. The US has the 10th largest oil reserve in the world. The US consumes more oil than any other country -- 1.85 billion barrels per day. Gasoline makes up 45% of crude oil.

A crude oil futures contract is an agreement to make or take delivery of a specified quantity of crude oil on a specified future date, at a predetermined price. Crude oil futures started trading on the NYMEX in1983. The contract specifications normally state the quantity, grade, date of delivery, contract units, and currency denomination. Crude oil characteristics. Each year, Enbridge compiles a summary of selected chemical and physical properties of crude oils and condensates moved in the liquids pipelines system, which are included in the PDF file below. Standard Specification of Eastern Siberian Pacific Pipeline Oil (ESPO) 1 | P a g e t SPECIFICATION RUSSIAN CRUDE OIL (ESPO) No. Test Method Unit Result 1 Density At 15°C ASTM D 1298 Kg/L 0.8508 2 API Gravity - - 34 3 Kinematic Viscosity at 20°C ASTM D 445 cst 6.949 4 Sulphur ASTM D 4294 Mass % 0.535 The three most quoted oil products are North America 's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. A crude oil assay is essentially the chemical evaluation of crude oil feedstocks by petroleum testing laboratories. Each crude oil type has unique molecular, chemical characteristics. No crude oil type is identical and there are crucial differences in crude oil quality.

Venezuela Crude Oil. Venezuela Crude Specifications. Anaco Wax | Mesa | Mesa 28 | Leona Gravity, °API, 30.5. Sulphur, WT %, 0.85. Kinematic Viscosity at 

A summary of selected chemical and physical properties of crude oils and Testing by Enbridge is not intended to replace high quality control standards at  18 Dec 2019 heavy crude oils; cold flow; heating; dilution; oil-in-water emulsion Petroleum Institute and the National Bureau of Standards developed a  20 Feb 2013 Whereas a conventional light sweet US crude like the US Midwest pricing benchmark West Texas Intermediate (WTI) crude has an API gravity  Crude oil is quantified by weight according to the American Petroleum Institute ( API) gravity scale. On the gravity scale, water represents the heavy end of the  Barchart Symbol, CL. Exchange Symbol, CL. Contract, Crude Oil West Texas Intermediate. Exchange, NYMEX. Tick Size, 1 cent per barrel ($10.00 per contract ). Platts Dubai Crude Oil - Contract Specifications. Date of Listing. September 10, 2001. Type of Trade. Cash-settled Futures Transaction. Type of Crude Oil.

What are the main determinants of the price of crude oil, and what impact has it had on the prices consumers pay for petroleum products? Let's start with a few 

Platts Dubai Crude Oil - Contract Specifications. Date of Listing. September 10, 2001. Type of Trade. Cash-settled Futures Transaction. Type of Crude Oil. HOT. ~. API Gravity of some standard crudes. • West Texas Intermediate. 40. • Canadian Syn-crude. 33. • Arab Light. 32. • Alaska NS Crude. 29. • Arab Heavy. 27. Crude Oil Properties and Specifications 1. Bonny Light Crud Oil from Nigeria Property B Measured/ Blended back. Gravity, API :35.4/35.8. Gravity SG: 0.8478/   9 Aug 2019 Oil sands development is subject to environmental standards that are among the most stringent in the world. The Government of Alberta requires  4 Mar 2019 Approximately 70% of new oil produced in October 2018 in the Permian basin was condensate (defined as being >50 API). Initial data suggests 

refining characteristics of a crude oil stream. • The commonly used industry standards of gravity and sulfur, while important, do not adequately define a crude oil.

Crude oil characteristics. Each year, Enbridge compiles a summary of selected chemical and physical properties of crude oils and condensates moved in the liquids pipelines system, which are included in the PDF file below. Standard Specification of Eastern Siberian Pacific Pipeline Oil (ESPO) 1 | P a g e t SPECIFICATION RUSSIAN CRUDE OIL (ESPO) No. Test Method Unit Result 1 Density At 15°C ASTM D 1298 Kg/L 0.8508 2 API Gravity - - 34 3 Kinematic Viscosity at 20°C ASTM D 445 cst 6.949 4 Sulphur ASTM D 4294 Mass % 0.535 The three most quoted oil products are North America 's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. A crude oil assay is essentially the chemical evaluation of crude oil feedstocks by petroleum testing laboratories. Each crude oil type has unique molecular, chemical characteristics. No crude oil type is identical and there are crucial differences in crude oil quality. Welcome to WTI Crude Oil Futures Whether you are a new trader looking to get started in futures, or an experienced trader looking for a better way to hedge crude oil, NYMEX WTI Light Sweet Crude Oil futures are the most efficient way to trade today’s global oil markets. SOME INTERESTING FACTS ABOUT CRUDE OIL Oil is measured in barrels, which is equal to 42 US gallons or 159 liters. The US has the 10th largest oil reserve in the world. The US consumes more oil than any other country -- 1.85 billion barrels per day. Gasoline makes up 45% of crude oil. Crude oil characteristics. Each year, Enbridge compiles a summary of selected chemical and physical properties of crude oils and condensates moved in the liquids pipelines system, which are included in the PDF file below.

The Crude Oil Quality Association (COQA) is dedicated to the belief that maintaining the integrity and consistency of the refining characteristics of crude oil streams is of importance to all parties involved in crude oil activity, from production locations to the refinery. Oil Methodology & Specifications We are an independent oil, gas and commodity price and news provider, price assessments are at the heart of what we do. Our mission is to provide transparency to global commodity markets and we regularly update our commodities price methodologies to reflect this.