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Synthetic oil is a lubricant consisting of chemical compounds that are artificially modified or synthesised. Synthetic oil is used as a substitute for petroleum-refined oils when operating in extreme temperature, in metal stamping to provide environmental and other benefits, and to lubricate pendulum clocks .
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 ...
Some definitions also allow oil sands and oil shale to be acceptable inputs through synthetic crude. [ 6 ] [ 10 ] [ 11 ] The most liberal definition accepts all of the above input materials and allows for any form of output fuel: liquid, gas, or "clean" solid.
Per the Alberta Oil Sands Bitumen Valuation Methodology, "Dilbit Blends" means "Blends made from heavy crudes and/or bitumens and a diluent, usually natural-gas condensate, for the purpose of meeting pipeline viscosity and density specifications, where the density of the diluent included in the blend is less than 800 kg/m 3."
Synthetic-based fluid (SBM) (otherwise known as low-toxicity oil-based mud or LTOBM): Synthetic-based fluid is a mud in which the base fluid is a synthetic oil. This is most often used on offshore rigs because it has the properties of an oil-based mud, but the toxicity of the fluid fumes are much less.
Polyolester oil (POE oil) is a type of wax-free synthetic oils used in refrigeration compressors that is compatible with the refrigerants R-134a, R-410A, and R-12. [1] POE oils are used as a lubricant in systems using the refrigerant HFC-134a when replacing CFC-12 , as these systems traditionally use mineral oil , [ 2 ] which HFC-134a does not ...
Synthetic crude is the output from a bitumen/extra heavy oil upgrader facility used in connection with oil sand production. It may also refer to shale oil, an output from an oil shale pyrolysis. The properties of the synthetic crude depend on the processes used in the upgrading. Typically, it is low in sulfur and has an API gravity of around 30 ...
Using benchmarks makes referencing types of oil easier for sellers and buyers. There is always a spread between WTI, Brent and other blends due to the relative volatility (high API gravity is more valuable), sweetness/sourness (low sulfur is more valuable) and transportation cost. This is the price that controls world oil market price.
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