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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 ...
Brent Crude, a classification of light sweet crude oil coming from the North Sea region, is due to replace West Texas Intermediate, also known as WTI or Texas light sweet, as the standard in ...
The U.S. Gulf Coast is about to be inundated with oil. But not foreign oil, as was often the case in the past. I'm talking about light, sweet crude oil produced right here in America.
Light sweet crude from West Africa has almost completely been replaced by light sweet crude produced domestically in places like North Dakota and South Texas. 3. Imports to U.S. regions
The WTI oil grade is also known as Texas light sweet. Oil produced from any location can be considered WTI if the oil meets the required qualifications. [2] Spot and futures prices of WTI are used as a benchmark in oil pricing. This grade is described as light crude oil because of its low density and sweet because of its low sulfur content.
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 ...
Blue Dolphin Energy Company is a publicly traded Delaware corporation, headquartered in Houston, primarily engaged in the refining and marketing of petroleum products to be used as jet fuel, or as "a light sweet crude." [2] The company also provides tolling and storage terminaling services.
The maze of pipelines and tanks that had been built led to the NYMEX choosing Cushing as the official delivery point for its light sweet crude futures contract in 1983. In May 2023, Cushing was selected as the site for a $5.56 billion crude oil refinery for processing 250,000 barrels per day of light and sweet crudes into low-carbon ...