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Gopix International Commercial Brokerage provides this practical guide to help you understand the crude oil market and its various types, enhancing your investment decisions with confidence. Crude oil is a natural liquid primarily composed of a complex mixture of hydrocarbons, along with other organic compounds such as sulfur, oxygen, and nitrogen. Crude oil originates from the decomposition of microscopic marine organisms like algae and plankton, which settled over millions of years under thick layers of sediment. Under the influence of heat and pressure, these materials transform through two main processes:
The proportions vary depending on the oil source, which later determines refining quality and uses.
Classification | Properties |
---|---|
Sweet Crude | Sulfur content less than 0.5%, easier and cheaper to refine. |
Sour Crude | Sulfur content higher than 0.5%, requires additional processing before refining. |
Type | API Gravity | Properties |
---|---|---|
Light Crude | Above 31° | Produces highly desirable light fuels (gasoline, clean diesel). |
Heavy Crude | Below 20-25° | Produces heavy fuels and lubricants, requires costly refining. |
Type | API Gravity | Sulfur Content | Notes |
---|---|---|---|
West Texas Intermediate (WTI) Crude | 39.6° | 0.24% | Sweet and light crude, ideal for gasoline. |
Brent Crude | 38.06° | 0.37% | Used as a global pricing benchmark. |
Dubai Crude | 31° | 2% | Medium crude, reference for Asian markets. |
Russian Export Blend Crude Oil (REBCO) | Variable | High Sulfur | Sour crude, heavily exported to Europe. |
Bonny Light Crude | High | Low Sulfur | High-quality Nigerian crude. |
For example: Simple distillation of WTI produces only a third of heavy products, compared to half for Arabian Light crude.
Light crude produces a higher proportion of light products (gasoline, diesel, kerosene). Heavy crude produces a higher proportion of heavy products (bitumen, lubricants). The higher the proportion of light products, the greater the commercial value of the crude oil.
Category | Properties |
---|---|
A | Light, fast-spreading oils, highly toxic to fish and the environment. |
B | Medium oils, less volatile but difficult to remove during spills. |
C | Heavy, tar-like oils, cause suffocation of living organisms. |
D | Very heavy oils (like bitumen), low toxicity but difficult to clean. |
Don’t rely on price alone! Ensure you know: The oil’s source and geopolitical stability, API gravity and sulfur content, contracts and guarantees (SPA – LC – POF), supplier network and their commitment to delivery schedules, supplier reputation and shipment quality via SGS/Intertek reports.
A smart deal combines the right price, high quality, and commercial security. Gopix International Commercial Brokerage provides all the expertise needed for successful deals in the global crude oil market.
Request an Oil Quote Now:
Email: info@gopixtrade.com
WhatsApp: +966504275259
And one of our specialized consultants will contact you within 24 hours:
Gopix – Your Smart Partner for Supplying High-Quality Crude Oil from Russia to Asia and the World