Crude oil map
Main features of some qualities of crude oil
Density and sulfur content of crude oils
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).
Benchmarks
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 and 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
Undisclosed
Undisclosed
Undisclosed
Genel Energy/CPC Taiwan
Somaliland
Central Somaliland oil fields
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
42.3°
0.09%
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 Light
30.5°
2.90%
Iraq
Basrah Medium
27.9°
3.00%
Iraq
Basrah Light/Mesa 30 Blend (35/65)
30.5°
1.63%
Iraq /United States
Bayou Choctaw Sour
32.2°
1.43%
United States
Bayou Choctaw Sweet
36.0°
0.36%
United States
Bayu Undan
55.9°
0.07%
Australia /East Timor
Liberdade FSO
Belanak
47.8°
0.02%
Indonesia
Belanak FPSO
Belayim Blend
27.5°
2.40%
Egypt
Wadi Feiran
Belida
45.1°
0.02%
Indonesia
Benchamas
42.4°
Chevron Offshore (Thailand) Ltd
Thailand
Beryl
37.5°
0.42%
United Kingdom
Beryl
Bintulu Condensate
69.3°
0.03%
Malaysia
Bintulu
Usan
29.9°
0.26%
Nigeria
Bonga
29.1°
0.26%
Nigeria
Bonga FPSO
Bonito Sour
35.5°
0.99%
United States
St. James, Louisiana
Bonny Light
33.4°
0.16%
Nigeria
Bontang Condensate
Indonesia
Boscan
10.1°
5.70%
Venezuela
Bajo Grande
Bouri
26.3°
1.91%
Libya
Bouri
Bow River
24.7°
2.10%
Canada
Brass River
35.6°
0.13%
Nigerian Agip Oil Company
Nigeria
Brega
39.8°
0.20%
Libya
Brega
Brent Blend
38.3°
0.37%
Shell UK Oil Company
United Kingdom , Norway
Hound point , UK or Sture terminal , Norway[ 3]
Brunei Light
39.0°
0.066%
Brunei
CPC Blend
45.3°
0.56%
Chevron
Kazakhstan
Novorossiysk
Cabinda
32.4°
0.13%
Angola
Canadian Par
40°
Canada
Canadon Seco
25.7°
0.20%[ 4]
Argentina
Caleta Olivia [ 5]
Cano Limon
30°
0.45%
Colombia
Covenas
Captain
19.2°
0.70%
United Kingdom
Captain FPSO
Ceiba
29.9°
0.57%
Equatorial Guinea
Sendje Ceiba FPSO
Cepu
32°
0.15%
Indonesia
Cepu FSO
Cerro Negro
16°
3.34%
Venezuela
Puerto José
Champion
28.7°
0.13%
Brunei
Seria
Chim Sao
40.1°
0.03%
PV Oil
Vietnam
Chim Sao Marine Terminal
Chinguetti
28.3°
0.49%
Mauritania
Berge Helene FPSO
Cinta
31.1°
0.09%
Indonesia
Cinta
Clair
23.7°
0.44%
United Kingdom
Sullom Voe
Cold Lake
21.2°
3.70%
Canada
Westridge Marine Terminal
Cooper
45.2°
0.03%
Santos
Australia
Port Bonython
Cossack
47.7°
0.05%
Australia
Cossack Pioneer FPSO
Cusiana
44°
0.14%
Colombia
DUC
33.6°
0.26%
Denmark
Fredericia
Dalia
23.6°
0.51%
Total S.A.
Angola
offshore
Daqing
32.2°
0.11%
China
Dairen (Dalian)
Dar Blend
26.42°
0.12%
Sudan
Al-Khayr
Djeno
27.0°
0.47%
Congo
Djeno
Doba
21.1°
0.10%
Chad
Kome Kribi 1 FSO
Doroud
34°
2.5%
Iran
Kharg Island
Draugen
39.9°
0.15%
Shell Oil Company
Norway
offshore
Dubai
31°
2.0%
Dukhan
41.1°
1.22%
Qatar
Umm Said
Dulang
37.6°
0.05%
Malaysia
Dulang FSO
Duri
20.8°
0.20%
Indonesia
Dumai
EA Crude
35.1°
0.08%
Nigeria
East MS Mix
30.9°
2.10%
United States
Ekofisk Blend (Norway)
37.2°
0.23%
Norway
Ekofisk Blend
37.5°
0.23%
ConocoPhillips
United Kingdom
Teesside
El Sharara
43.1°
0.07%
Libya
Zawiya terminal
Enfield
21.7°
0.13%
Australia
Nganhurra FPSO
Erha
31.8°
0.21%
Nigeria
Erha FPSO
Sidra
37.0°
0.39%
Waha Oil Company
Libya
Sidra
Escalante
24.1°
0.19%
Argentina
Comodoro Rivadavia
Escravos
34.2°
0.17%
Nigeria
ESPO blend
34.8°
0.62%
Russia
Kozmino
Eugene Island
34.3°
1.18%
United States
St. James, Louisiana
Fateh
30.4°
2.13%
Dubai Petroleum
Dubai
Fateh
Fife
United States
Flotta
35.4°
1.22%
United Kingdom
Flotta
Foinaven
26.6°
0.40%
United Kingdom
Forcados (to Europe)
30.8°
0.16%
Nigeria
Foroozan Blend
29.7°
2.34%
Iran
Kharg Island
Forties Blend
40.3°
0.56%
BP
United Kingdom
Hound Point
Fulmar
Shell
United Kingdom [1]
Furrial
30.0°
1.06%
Venezuela
Galeota Mix
37.8°
0.19%
Trinidad
Gippsland
63.6°
0.03%
ExxonMobil
Australia
Long Island Point
Girassol
29.9°
0.32%
Total S.A.
Angola
offshore
Glitne
32.9°
0.50%
Statoil
Norway
offshore
Grane
18.7°
0.83%
Statoil
Norway
Sture terminal
Gryphon
22.68°
0.40%
United Kingdom
Gullfaks Blend
37.5°
0.22%
Statoil
Norway
offshore
Handil Mix
43.9°
0.05%
Indonesia
Senipah
Hanze
Netherlands [2]
Harding
20.7°
0.59%
United Kingdom
Cromarty Firth
Heavy Hardisty
22°
3.36%
Canada
Heavy Louisiana Sweet
32.9°
0.35%
United States
Empire, Louisiana
Heidrun
25.0°
0.52%
Statoil
Norway
Mongstad terminal
Hibernia
34.4°
0.41%
Canada
Hungo Blend
29.1°
0.61%
ExxonMobil
Angola
Kizomba A FPSO offshore
Iran Heavy
30.2°
1.77%
Iran
Kharg Island
Iran Light
33.1°
1.50%
Iran
Kharg Island
Isthmus
33.4°
1.25%
Mexico
Dos Bocas, Salina Cruz
Jasmine
Jotun
Karachaganak Condensate
44.7°
0.81%
Kazakhstan
Novorossiysk, Odesa
Kashagan
42-48°
0.80%
Kazakhstan
Ceyhan
Khafji
28.5°
2.85%
Saudi Arabian Neutral Zone
Ras al-Khafji
Kikeh
34.9°
0.11%
Malaysia
Kikeh FPSO
Kirkuk (Netback Price at U.S. Gulf)
33.9°
2.26%
Iraq
Kissanje Blend
29.8°
0.38%
ExxonMobil
Angola
Kizomba B FPSO offshore
Kitina
36.4°
0.11%
Congo
Kittiwake
Kole
32.1°
0.33%
Cameroon
Kole
Kuito
19.0°
0.68%
Angola
Kuito FPSO
Kumkol
41.2°
0.11%
Kazakhstan
Yuzhnaya Ozereevka, Batumi
Kutubu Blend
46.6°
0.04%
Oil Search
Papua New Guinea
Kumul
Kuwait Blend
30.2°
2.72%
Kuwait Oil Company
Kuwait
Labuan
32.0°
0.09%
Malaysia
Labuan
Laguna
10.9°
5.4%
Petróleos de Venezuela S.A.
Venezuela
Puerto Miranda [ 6]
Laminaria
LA Mississippi Sweet
40.7°
0.34%
United States
Lavan Blend
34.2°
1.93%
Iran
Lavan Island
Light Louisiana Sweet
35.6°
0.37%
United States
St. James, Louisiana[ 7]
Lion Crude
39.6°
0.18%
Ivory Coast
Liuhua
Liverpool Bay°
45°
0.21%
United Kingdom
Liverpool Bay Platform
Lloyd Blend
20.9°
3.50%
Canada
Lower Zakum
39.8°
1.02%
ADNOC Offshore
Abu Dhabi
Das Island
Loreto
18.1°
1.3%
Pluspetrol
Peru
Bayovar - Piura
Lufeng
33.3°
0.06%
Statoil
China
offshore
MacCulloch
Mandji
30°
Gabon
Marib Light (Alif)
48.9°
0.07%
BP
Yemen [3]
Marlim
19.6°
0.67%
Petrobras
Brazil
Campos Basin
Mars Blend
30.3°
1.91%
United States
LOOP Clovelly Hub, Louisiana
Mars/Mesa Blend (40/60)
30.1°
1.65%
Loop
Mars/Urals Blend (50/50)
31.1°
1.57%
United States
LOOP Clovelly Hub, Louisiana
Masila
31.4°
0.54%
Yemen
Ash Shihr
Maureen
35.3°[ 8]
1.3%[ 8]
United Kingdom [ 9]
Maya
21.8°
3.33%
Mexico
Cayo Arcas, Salina Cruz
Mayna
21.5°
0.5%
Pluspetrol
Peru
Bayovar - Piura
Medanito
34.9°
0.48%
Argentina
Puerto Rosales
Mediterranean Sidi Kerir (Heavy)
30°
Iran
Mediterranean Sidi Kerir (Light)
34°
Iran
Mesa 30
29.4°
1.12%
Venezuela
Minas
35.3°
0.09%
Indonesia
Dumai
Miri
32.3°
0.08%
Malaysia
Miri
Mixed Blend Sweet
41.0°
0.42%
Canada
Edmonton
Mondo
28.8°
0.44%
ExxonMobil
Angola
Mondo FPSO offshore
Murban
40.2°
0.79%
ADNOC Onshore
Abu Dhabi
Jebel Dhanna
Mutineer Exeter
43.4°
0.03%
Santos
Australia
Modec Venture 11 FPSO
Naphtha Koch
57.8°
0.11%
United States
N'kossa
41.0°
0.04%
Congo
N'Kossa
NFC II
57.95°
0.23%
Qatar
Ras Laffan
Northwest Shelf Condensate
61.2°
0.01%
Australia
Withnell Bay
Nang Nuang
Nanhai Light
40.1°
0.06%
China
Nan Hai Fa Xian FPSO
Napo
19°
2%
Ecuador
Esmeraldas
Nemba
40.9°
0.18%
Angola
New Zafiro Blend
29.5°
0.26%
Equatorial Guinea
Serpentina FPSO
Nile Blend
33.9°
0.06%
Sudan
Port Sudan
Njord
46.6°
0.05%
Statoil
Norway
offshore
Norne
30.8°
0.22%
Statoil
Norway
offshore
Nowruz/Soroush
18-19°
3.4-3.5%
Iran
Kharg Island
Odudu
30.5°
0.15%
Nigeria
Oguendjo
27.3°
1.50%
Gabon
Okono
41.9°
0.06%
Nigeria
Olmeca
37.3°
0.84%
Mexico
Oman Blend
34°
2.00%
Oman
Oriente
24.1°
1.51%
Ecuador
Ormen Lange condensate
52.3°
0.007%
Statoil
Norway
Nyhamna
Oseberg Blend
37.8°
0.27%
Statoil
Norway
Sture terminal
Ösgard Blend
Oso Condensate
45.7°
0.06%
Nigeria
Palanca/Soyo Blend
37.8°
0.16%
Angola
Panyu
28-32°
<0.25%
China
Panyu FPSO
Peng Lai
21.8°
0.29%
China
Peng Lai FPSO
Pennington
35°
0.08%
Nigeria
Pennington Terminal
Peregrino
13.4°
1.8%
Brazil
Petrozuata Heavy
19.5°
2.69%[ 10]
PDVSA , Conoco [ 11]
Venezuela
Pierce
Plutonio
32.6º
0.39%[ 12]
BP
Angola
Port Hudson
45.0°
0.05%
United States
Poseidon Streams
29.6°
1.97%
BP
United States
Houma [ 13]
Premium Albian
35.5°
0.04%
Canada
Qatar Marine
35.8°
1.47%
Qatar
Halul Island
Qua Iboe
36.3°
0.14%
Nigeria
Rabi Light
37.7°
0.15%
Gabon
Rang Dong
37.7°
0.05%
Vietnam
Rang Dong FPSO
Rincon
35.8°
0.39%
Argentina
San Vincente, Chile
Rio Grande do Norte
29.5°
0.33%
Petrobras
Brazil
Ross
Sahara Blend
45°
0.09%
Sonatrach
Algeria
Santa Barbara
39.5°
0.49%
Venezuela
Sarir
37.6°
0.16%
Libya
Marsa El Hariga
Saudi Arabia Heavy
27°
Saudi Arabia
Saudi Arabia Light
34°
Saudi Arabia
Saudi Arabia Medium
31°
Saudi Arabia
Saxi Batuque Blend
32.8°
0.32%
ExxonMobil
Angola
Saxi Batuque FPSO offshore
Schiehallion Blend
25.5°
0.47%
BP
United Kingdom
Sullom Voe
Senipah
51.9°
0.03%
Indonesia
Senipah
Seria Light
36.2°
0.08%
Brunei
Seria Light Export
Shah Deniz Condensate
47°
0.03%
BP
Azerbaijan
Ceyhan , Turkey
Shengli
24.2°
0.84%
China
Qingdao
Siberian Light
35.1°
0.57%
Russia
Tuapse
Sincor
30-32°
0.13%
Venezuela
Puerto José
Siri
38.1°
0.22%
Denmark
Siri
Sirri
33.4°
1.81%
Iran
Sirri Island
Sirtica
42.2°
0.40%
Libya
Brega
Sleipner Condensate
62.0°
0.02%
Statoil
Norway
Kårstø
Snorre
Snøhvit Condensate
60.1°
0.019%
Statoil
Norway
Melkøya
Sokol (Sakhalin I)
37.9°
0.23%
Russia
DeKastri
Souedieh
24.1°
3.90%
Syria
Banias, Tartous
South Arne
37.71°
0.21%
Denmark
Southern Green Canyon
30.4°
2.24%
United States
Port Arthur , Texas and Texas City , Texas
South Louisiana Sweet
35.9°
0.33%
United States
Stag
18.5°
0.14%
Apache
Australia
Stag Marine Facility
Statfjord
39.1°
0.22%
Statoil
Norway
offshore
Su Tu Den (Black Lion)
36°
0.04%
PV Oil
Vietnam
Su Tu Den Terminal
Suez Blend
30.8°
1.49%
Egypt
Ras Shukheir
Syncrude Sweet Blend
30.5-33.6°
0.07-0.13%
Canada
Syrian Light
37.7°
0.74%
Syria
Banias, Tartous
Tapis Blend
45.2°
0.03%
Malaysia
Tapis
Thang Long
36.8°
0.09%
Vietnam
Tempa Rossa
Tengiz
46.4°
0.51%
Chevron
Kazakhstan
Odesa , Batumi , Kulevi , Taman
Terra Nova
33.2
0.48%
Canada
Whiffen Head
Thamama Condensate
58.4°
0.11%
ADNOC Onshore
Abu Dhabi
Jebel Dhanna
Tia Juana Heavy
11°
2.66%
Venezuela
Punta Cardon
Tia Juana Light
31.9°
1.18%
Venezuela
Las Salinas
Triton
37.5°
0.32%
United Kingdom
Triton FPSO
Troll Blend
35.8°
0.21%
Statoil
Norway
Mongstad terminal
Turkmen Blend
33.0°
0.15-0.29%
Turkmenistan
Aladzha, Okarem
Ukpokiti
41.7°
0.08%
Conoco Phillips
Nigeria
Trinity Spirit FPSO
Umm Shaif
36.5°
1.39%
ADNOC Offshore
Abu Dhabi
Das Island
Upper Zakum
32.9°
1.78%
ADNOC Offshore
Abu Dhabi
Zirku Island
Urals (to Mediterranean)
31.7°
1.35%
Russia / C.I.S.
Urucu
42.1°
0.09%
Petrobras
Brazil
Urucu
Varg
37.9°
0.23%
Talisman
Norway
offshore
Vasconia
24.5°
0.95%
Colombia
Vityaz (Sakhalin II)
34.6°
0.22%
Russia
Molikpaq-Prigorodnoye
Volve
27.9°
1.8%
Statoil
Norway
offshore
Wafra
24.5°
3.80%
Saudi Arabian Neutral Zone
Mina Saud
West Seno
38°
0.12%
Indonesia
Santan
West Texas Intermediate
39.6°
0.24%
United States
Cushing, Oklahoma
West Texas Sour
31.7°
1.28%
United States
Midland, Texas
Western Canadian Select
20.3°
3.43%
Canada
Hardisty
White Rose
29.8°
0.32%
Canada
SeaRose FPSO
Widuri
33.2°
0.07%
Indonesia
Widuri
Williams Sugarland Blend
40.9°
0.20%
United States
Wytch Farm
Perenco
United Kingdom
Hamble
Xikomba
34.7°
0.39%
ExxonMobil
Angola
offshore
Yoho Crude
39.3°
0.08%
Nigeria
Zakum
40.2°
1.01%
Abu Dhabi [4]
Das Island
Zarzaitine
42.8°
0.06%
Algeria [5]
La Skhirra, Tunisia
Mesa 30
30°
0.13%
Total S.A.
Venezuela [6]
Jose terminal
Zuwetina
41.5°
0.31%
Libya [7] [8]
Zuwetina , Libya
References
Sources