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API Standards Committees are made up of subcommittees and task groups that works and maintain these standards. [10] [11] API also defines the industry standard for the energy conservation of motor oil. As of 2020 API SP is the latest specification. It supersedes API SN. SP specifies more stringent engine oil performance requirements for spark ...
API TC is a certification for two-stroke oils, awarded by the American Petroleum Institute. It is given after the product passes through stringent tests that determine the level of detergent performance, dispersion, and anti-oxidation. It is the only remaining, not revoked classification of the API Two-Cycle motor oil specifications (TA, TB, TC ...
source for market cap, [4] source for profit. Data rounded to nearest million. . By market cap, Crescent Point Energy is the largest Canadian oil company never to make the global 500 list, according to Forbes ; Encana, Talisman Energy last made the Fortune 500 list in June 2011; Cenovus Energy dropped out December 2013.; CNRL 2013 annual production was estimated to be 671,162 bbl (106,706.2 m ...
Williams later went on to found "The Canadian Oil Company" which qualified as the world’s first integrated oil company. Petroleum production in Ontario expanded rapidly, and practically every significant producer became his own refiner. By 1864, 20 refineries were operating in Oil Springs and seven in Petrolia, Ontario. However, Ontario's ...
Generally speaking, oil with an API gravity between 40 and 45° commands the highest prices. Above 45°, the molecular chains become shorter and less valuable to refineries. [8] Crude oil is classified as light, medium, or heavy according to its measured API gravity. Light crude oil has an API gravity higher than 31.1° (i.e., less than 870 kg/m 3)
S&P Global Commodity Insights is a provider of energy and commodities information and a source of benchmark price assessments in the physical commodity markets. The business was started with the foundation in 1909 of the magazine National Petroleum News by Warren C. Platt.
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 ...
The API range – now ISO 3183. E.g.: API 5L Grade B – now ISO L245 where the number indicates yield strength in MPa; ASME SA106 Grade B (Seamless carbon steel pipe for high temperature service) ASTM A312 (Seamless and welded austenitic stainless steel pipe) ASTM C76 (Concrete Pipe) ASTM D3033/3034 (PVC Pipe) ASTM D2239 (Polyethylene Pipe)