Crude Oil
$ Black Gold $
Made By :
Jaskaran S. Kohli
Non renewable
resource thus
demand > supply One of major
factors in
OPEC determining
controls GDP
global oil
pricing
Fossil fuel
consisting of
complex
mixture of HC
Classificatio
n
Brent Decline in oil
Crude prices
recently Effect on
WTI OPEC Response Conclusi
Indonesia
Crude on
The petroleum industry generally classifies
crude oil by:
1. The geographic location it is produced in.
2. Its API gravity.
3. By its sulfur content.
1. According, to the geographic location some of the types are Brent
crude, WTI (West Texas Intermediate) crude etc. The geographic
location is important because it affects transportation costs to the
refinery.
2. API (American Petroleum Institute) Gravity:
A specific gravity scale developed by the American Petroleum Institute (API) for
measuring the relative density of various petroleum liquids, expressed in degrees.
It is given by
API Gravity = 141.5/ specific gravity 131.5
Crude Oil Type API Gravity (deg Density
API) (kg/m3)
Light Crude Oil Higher than 31.1 <825
Medium Crude oil Between 22.3 and 825-875
31.1
Heavy Crude Oil Below 22.3 875-1000
Extra Heavy Below 10 >1000
Crude Oil
According to sulfur content:- Crude oil is referred to
as Sweet if it contains relatively little sulfur or Sour
if it contains substantial amounts of sulfur.
Sweet oil commands a higher price than Sour oil
because it has fewer environmental problems and
requires less refining to meet sulfur standards.
Light crude oil is more
desirable than heavy oil
since it produces a
higher yield of gasoline.