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The clear cut definition of light and heavy crude varies because the classification is based more on practical grounds than theoretical. The New York Mercantile Exchange (NYMEX) defines light crude oil for domestic U.S. oil as having an API gravity between 37° API (840 kg/m 3) and 42° API (816 kg/m 3), while it defines light crude oil for non-U.S. oil as being between 32° API (865 kg/m 3 ...
Arab Extra Light 39.4° 1.09% Saudi Arabia: Arab Heavy 27.7° 2.87% Saudi Arabia: Arab Light 32.8° 1.97% Saudi Arabia: Arab Light / Seg 17 Blend 32.4° 2.19% United States: Arab Medium 30.2° 2.59% Saudi Arabia: Arab Super Light 50.1° 0.09% Saudi Arabia: Arab Super Light Ardjuna 50.6° 0.04% Arun Condensate Åsgard Blend 50.5° 0.07% Statoil ...
Saudi Aramco brought the project on-stream in 1998. The crude is Arabian extra light, a high-quality crude grade with a specific gravity of 42 degrees api and a sulphur content of less than 0.7 percent. The oil reservoir is found at a depth of 1,494 meters and is itself 122 meters thick.
Oil prices surged nearly 20 percent during early Asian trading hours on news that Saudi Arabia, the world's largest oil exporter, cut output at its processing facilities at Abqaiq and Khurais by a ...
For refineries, the interest has been primarily focused on the distribution between the distillation fractions: petrol, paraffin, gas oil, lubricant distillate, etc. Refiners look at the density of the crude oil – whether it is light, medium or heavy – or the sulfur content, i.e. whether the crude oil is “sweet” or “sour”.
Therefore, the higher API means the lighter crude oil and it is regarded as more precious than crude oil with lower API (heavier crude) as it generates more high-value products during refinery process. The API range of light crude is between 35 and 45, and BLCO has an API of 32.9. [10]
Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices. In an ...
Crude inventories jumped almost 8 million barrels to 534 million barrels, reversing a two-week draw, and the largest inventory build for four weeks ("Weekly petroleum status report", EIA, May 28).