Relevant Crude Grades

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47 Terms

1
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Assay

Detailed analysis or report that describes the physical and chemical properties of specific type of crude oil

2
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What are the key benchmark crude oil assessments

3
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Dated Brent & makeup

  • World’s leading benchmark assessment of physical, light North Sea crude

  • EKO, OSE, FO, TRO, BNB, WTIM

4
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AGS (Platts American GulfCoast Select)

  • Benchmark assessment for high-quality light sweet US crude loading at ports across USGC

  • WTIM

5
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WAF (Platts West Africa)

  • Key crude export grades from Nigeria, Angola, Ghana, Republic of Congo, and Equatorial Guinea

  • AK, AG, QI, BR, ER, JB, NEM, BL, DOB, CAB, ESC, EG, FORC, BO, US, PL, GIR, DJ, HU, UTA, SANG, MEL, PAZ, DAL

6
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Oman

  • Key crude benchmark in Middle East including a basket of two crudes, well sought-after @ complex refiners in Asia

  • MB, OM

7
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Urals

  • Assessments underpins one of the world’s most active sour crude spot markets

  • SAK, NOV, SOK, SIL, ESPO, YK, UR

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Dubai

  • Primary physical market pricing for crude delivered to Asian refineries from Middle East

  • MB, UZA, OM, AIS, DB

9
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Brent

  • Light, Sweet

  • API 38

  • Sulfur 0.36%

  • North Sea (UK/Norway)

  • TL: Global

10
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WTI

  • Light, Sweet

  • API 39.6

  • Sulfur 0.24%

  • US

  • TL: US Domestic, Europe & Asia Exports

11
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Dubai

  • Medium, Sour

  • API 31

  • Sulfur 2.0%

  • UAE

  • TL: ME → Asia

12
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Oman

  • Medium, Sour

  • API 34.0

  • Sulfur 1.0%

  • Oman

  • ME → Asia

13
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Urals

  • Medium, Sour

  • API 31.0

  • Sulfur 1.3-1.5%

  • Russia

  • TL: Europe, Asia

14
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Bakken

  • Light, Sweet

  • API 43.8

  • Sulfur 0.09%

  • US

  • TL: US domestic, exports to Europe & Asia

15
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Murban

  • Light, Sweet

  • API 40.5

  • 0.78%

  • UAE

  • TL: ME → Asia

16
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Tupi (Lula)

  • Medium, Sweet

  • 29-30

  • 0.3-0.5%

  • Brazil

  • TL: SA → Asia

17
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Liza

  • Medium, Sweet

  • 31.9

  • .59%

  • Guyana

  • TL: SA → Asia

18
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Maya

  • Heavy, Sour

  • 22

  • 3.3%

  • Mexico

  • TL: USGC

19
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Cold Lake

  • Heavy, Sour

  • 19.5

  • 3.87%

  • Canada

  • TL: USGC

20
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Kearl

  • Heavy, Sour

  • 19.8

  • 3.83%

  • Canada

  • TL: USGC

21
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Castilla

  • Heavy, Sour

  • ~18-20

  • ~2.5-3.5%

  • Columbia

  • TL: LA, Asia

22
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Oriente

  • Medium, Sour

  • ~24-25

  • 1.5-2.0%

  • Ecuador

  • LA, Asia

23
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Napo

  • Heavy, Sour

  • 19-20

  • 2.5-3%

  • Ecuador

  • LA, Asia

24
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Upper Zakum

  • Medium, Sour

  • 33.1

  • 2.07%

  • UAE

  • ME → Asia

25
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Al Shaheen

  • Medium, Sour

  • 32

  • 2%

  • Qatar

  • ME → Asia

26
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Forties

  • Light, Sweet

  • 38.0

  • 0.37%

  • North Sea UK

  • Global

27
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Oseberg

  • Light, Sweet

  • 37.8

  • 0.27%

  • North Sea Norway

  • Global

28
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Ekofisk

  • Light, Sweet

  • 43.0

  • 0.19%

  • North Sea Norway

  • Global

29
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Troll

  • Light, Sweet

  • 36

  • 0.20%

  • North Sea Norway

  • Global

30
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Forcados

  • Medium Sweet

  • 31-32

  • 0.30%

  • Origin: Nigeria

  • TL: Global

31
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Djeno

  • Medium Sweet

  • 28 API

  • 0.5% Sulfur

  • Origin: Republic of Congo

  • TL: Asia, Europe

32
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Bonny Light

  • Light Sweet

  • API 35.4

  • Sulfur 0.14%

  • Origin: Nigeria

  • TL: Europe, US, Asia

33
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Escravos

  • Light Sweet

  • API 35

  • Sulfur 0.30%

  • Origin: Nigeria

  • TL: Global

34
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Qua Iboe

36

0.13

Light Sweet

Nigeria (Akwa Ibom)

Europe, US, Asia

35
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CPC Kazaan

45.5

0.56

Light Sweet

Kazakhstan (Caspian)

Black Sea to Europe/Asia

36
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Johan Sverdrup

28.7

0.81

Medium Sour

Norway

Europe, Asia

37
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Azeri BTC

39

0.16

Light Sweet

Azerbaijan

Ceyhan (Turkey) to Europe/Asia

38
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Basrah Med

27.9

3

Medium Sour

Iraq

Primarily Asia

39
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Arab Light

33

1.77

Medium Sour

Saudi Arabia

Global

40
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Iran

33.6

1.46

Medium Sour

Iran

Asia (mostly)

41
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Kuwait

31

2.52

Medium Sour

Kuwait

Asia, Europe

42
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Basrah Heavy

23.8

4.05

Heavy Sour

Iraq

Asia, some Europe

43
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Buzios

28.4

0.31

Medium Sweet

Brazil

China, Asia

44
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Merey

16

2.45

Heavy Sour

Venezuela

China, India

45
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Midland

39.6

0.24

Light Sweet

USA (Texas)

Global

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WTL

42

0.15

Light Sweet

USA (Texas)

Global

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US Light Sweet

39.6

0.24

Light Sweet

USA

Global