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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 ...
Light sweet crude from West Africa has almost completely been replaced by light sweet crude produced domestically in places like North Dakota and South Texas. 3.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
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 ...
The US imports around 40% of the crude oil it refines into gas for your car and other vehicles. In 2024, about half of that came from Canada and 11% from Mexico. In 2024, about half of that came ...
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.
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