In the Annual Energy Outlook crude type estimates, all Alaska and Gulf of Mexico oil production is assumed to be API gravity 27-35 degrees and medium sour. Northeast crude oil production consists of approximately 30% API 27-35 medium-sour and 60% API 35-40 sour. The residual production is API 35-40 sweet. West Coast region production, coming from California, is primarily API<27 sour. Per the “Regions and crude types” discussion above, California production is categorized by its own crude type.
Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide. High-quality, low-sulfur crude oil is commonly used for processing into gasoline and is in high demand, particularly in industrialized nations. Light sweet crude oil is the most sought-after version of crude oil as it contains a disproportionately large fraction that is directly processed (fractionation) into gasoline (naphtha), kerosene, and high-quality diesel (gas oil).
The term sweet originates from the fact that a low level of sulfur provides the oil with a relatively sweet taste and pleasant smell, compared to sulfurous oil. Nineteenth-century prospectors would taste and smell small quantities of oil to determine its quality.[4]
^"Oil markets explained". BBC News. 'Sweet' crude is defined as having a sulphur content of less than 0.5%.
^Szymon Wlazlowski , Björn Hagströmer & Monica Giulietti (2011). "Causality in crude oil prices". Applied Economics. 43 (24). Applied Economics (Vol. 43 Issue24): 3337–3347. doi:10.1080/00036841003636250. S2CID 154524771. Crudes are considered to be sweet when the sulphur content does not exceed 0.5% and sour otherwise.
^Lord, David L. (2014-11-01). "Crude Oil Properties Overview". OSTI 1504035. {{cite journal}}: Cite journal requires |journal= (help)
^"Description of the MC 252 Crude Oil" (PDF). Oil Spill Academic Task Force, State of Florida. Retrieved January 28, 2011.
External linksedit
EIA oil prices
NYMEX website
January 01, 1970
sweet, crude, type, petroleum, york, mercantile, exchange, designates, petroleum, with, less, than, sulfur, sweet, petroleum, containing, higher, levels, sulfur, called, sour, crude, annual, energy, outlook, crude, type, estimates, alaska, gulf, mexico, produc. Sweet crude oil is a type of petroleum The New York Mercantile Exchange designates petroleum with less than 0 5 sulfur as sweet 1 2 Petroleum containing higher levels of sulfur is called sour crude oil 3 In the Annual Energy Outlook crude type estimates all Alaska and Gulf of Mexico oil production is assumed to be API gravity 27 35 degrees and medium sour Northeast crude oil production consists of approximately 30 API 27 35 medium sour and 60 API 35 40 sour The residual production is API 35 40 sweet West Coast region production coming from California is primarily API lt 27 sour Per the Regions and crude types discussion above California production is categorized by its own crude type Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide High quality low sulfur crude oil is commonly used for processing into gasoline and is in high demand particularly in industrialized nations Light sweet crude oil is the most sought after version of crude oil as it contains a disproportionately large fraction that is directly processed fractionation into gasoline naphtha kerosene and high quality diesel gas oil The term sweet originates from the fact that a low level of sulfur provides the oil with a relatively sweet taste and pleasant smell compared to sulfurous oil Nineteenth century prospectors would taste and smell small quantities of oil to determine its quality 4 Contents 1 Producers 2 Pricing 3 See also 4 References 5 External linksProducers editThis list is incomplete you can help by adding missing items August 2008 Producers of sweet crude oil include Asia Pacific The Far East Oceania Australia Brunei China India Indonesia Malaysia New Zealand Vietnam The Middle East Iran Iraq Saudi Arabia United Arab Emirates North America Canada United States Europe Russia Azerbaijan The North Sea area Norway United Kingdom Brent Crude England Scotland Africa North Africa Algeria Libya Western Africa Nigeria Ghana Central Africa Angola Democratic Republic of the Congo Republic of the Congo South Sudan South America The Guianas Suriname Guyana Basin Andean Region Colombia Peru Southern Cone Argentina BrazilPricing editMain article Price of petroleum The term price of oil as used in the U S media generally means the cost per barrel 42 U S gallons of West Texas Intermediate Crude to be delivered to Cushing Oklahoma during the upcoming month This information is available from NYMEX or the U S Energy Information Administration See also editPetroleum Classification Light crude oil Sour crude oil Mazut List of crude oil products Oil price increases since 2003References edit Oil markets explained BBC News Sweet crude is defined as having a sulphur content of less than 0 5 Szymon Wlazlowski Bjorn Hagstromer amp Monica Giulietti 2011 Causality in crude oil prices Applied Economics 43 24 Applied Economics Vol 43 Issue24 3337 3347 doi 10 1080 00036841003636250 S2CID 154524771 Crudes are considered to be sweet when the sulphur content does not exceed 0 5 and sour otherwise Lord David L 2014 11 01 Crude Oil Properties Overview OSTI 1504035 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help Description of the MC 252 Crude Oil PDF Oil Spill Academic Task Force State of Florida Retrieved January 28 2011 External links editEIA oil prices NYMEX website Retrieved from https en wikipedia org w index php title Sweet crude oil amp oldid 1217178927, wikipedia, wiki, book, books, library,
