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In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms. The chemical profiles, or crude oil assays, specify important properties such as the oil's API gravity. The delivery locations are usually sea ports close to the oil fields from which the crude was obtained (and new fields are constantly being explored), and the pricing is usually quoted based on FOB (free on board, without consideration of final delivery costs).

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. Brent Crude is typically priced at about $2 over the WTI Spot price, which is typically priced $5 to $6 above the EIA's Imported Refiner Acquisition Cost (IRAC) and OPEC Basket prices. WTI and Brent are quoted FOB specific locations, not FOB the oilfields. For WTI, the delivery point is Cushing, OK; for Brent, it is Sullom Voe, located in Shetland, an island archipelago north of mainland Scotland.

Although crude oil assays evaluate various chemical properties of the oil, the two most important properties determining a crude's value are its density (measured as API specific gravity) and its sulphur content (measured per mass). Crude oil is considered "heavy" if it has long hydrocarbon chains, or "light" if it has short hydrocarbon chains: an API gravity of 34 or higher is "light", between 31-33 is "medium", and 30 or below is "heavy". Crude is considered "sweet" if it is low in sulphur content (< 0.5%/weight), or "sour" if high (> 1.0%/weight). Generally, the higher the API gravity (the "lighter" it is), the more valuable the crude.

List of crude oil products

Product name API gravity Sulphur content (as % of mass) Operating company Location of field Port of sale
Abu Bukhoosh 31.6° 2.0% Total Abu Al Bukhoosh Dubai Abu Al-Bukhoosh
Agbami 47.5° 0.044% Chevron Nigeria offshore
Aktobe 41.6° 0.73% Kazakhstan Novorossiysk
Al Shaheen 26.51° 2.49% North Oil Company (Qatar) Qatar Mesaieed
Al-Jurf 30.0° 1.90% Libya Farwah FPSO
Alaska North Slope 31.9° 0.93% United States Alaska Marine Terminal
Alba (Equatorial Guinea) 53.0° 0.02% Equatorial Guinea Punta Europa
Alba (U.K.) 19.4° 1.24% Chevron United Kingdom offshore
Albian Heavy (Athabasca) 19.6° 2.10% Canada
Algerian Condensate 68.7° 0.001% Sonatrach, BP and Statoil Algeria Bejaia
Amenam Blend 38.2° 0.12% Nigeria
Amenam/Mars Blend 33.5° 0.94% Nigeria
Ameriven-Hamaca 26° 1.55% Venezuela Puerto José
Amna 36° 0.17% Libya
Anasuria Shell United Kingdom FPSO Anasuria[1]
Antan Blend 26.4° 0.27% Nigeria Knock Adoon FPSO/Antan Terminal
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 Norway offshore
Attaka Indonesia
Azadegan Iran
Azeri BTC 36.1° 0.14% BP SOCAR Azerbaijan Ceyhan, Turkey
Azeri Light 34.8° 0.15% BP SOCAR Azerbaijan Supsa, Georgia
BCF-17 16.5° 2.53% Venezuela La Salina
Bạch Hổ 33.8° 0.08% Vietnam
Bachaquero 17 17° 2.4%[2] Venezuela
Bachaquero 24 24° Venezuela
Balder 30.1° 0.48% Norway Balder FPSO
Baobab 23° 0.39-0.46% Ivory Coast Baobab FPSO
Barrow 36.1° 0.05% Santos Australia Barrow Island
Basrah

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. Brent Crude is typically priced at about $2 over the WTI Spot price, which is typically priced $5 to $6 above the EIA's Imported Refiner Acquisition Cost (IRAC) and OPEC Basket prices. WTI and Brent are quoted FOB specific locations, not FOB the oilfields. For WTI, the delivery point is Cushing, OK; for Brent, it is Sullom Voe, located in Shetland, an island archipelago north of mainland Scotland.

Although crude oil assays evaluate various chemical properties of the oil, the two most important properties determining a crude's value are its density (measured as API specific gravity) and its sulphur content (measured per mass). Crude oil is considered "heavy" if it has long hydrocarbon chains, or "light" if it has short hydrocarbon chains: an API gravity of 34 or higher is "light", between 31-33 is "medium", and 30 or below is "heavy". Crude is considered "sweet" if it is low in sulphur content (< 0.5%/weight), or "sour" if high (> 1.0%/weight). Generally, the higher the API gravity (the "lighter" it is), the more valuable the crude.

List of crude oil products

Product name API gravity Sulphur co

Although crude oil assays evaluate various chemical properties of the oil, the two most important properties determining a crude's value are its density (measured as API specific gravity) and its sulphur content (measured per mass). Crude oil is considered "heavy" if it has long hydrocarbon chains, or "light" if it has short hydrocarbon chains: an API gravity of 34 or higher is "light", between 31-33 is "medium", and 30 or below is "heavy". Crude is considered "sweet" if it is low in sulphur content (< 0.5%/weight), or "sour" if high (> 1.0%/weight). Generally, the higher the API gravity (the "lighter" it is), the more valuable the crude.

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