
	Where results make sense

Topic: Light crude

Related Topics

Heavy crude

	The Dispatch - Serving the Lexington, NC - News (Site not responding. Last check: 2007-09-10)
		Light crude oil is crude oil with a low wax content.
		Since crudes with high viscosities are more difficult to transport/pump, those with apparently lighter wax content are referred to as 'light crude' and the ones with substantially more wax are classified as 'heavy crude'.
		In the United States, the price of the front month light sweet crude oil futures contract, traded on the NYMEX commodity exchange (symbol CL), is widely reported as a proxy for the cost of imported crude oil.
	www.the-dispatch.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=Light_crude_oil (197 words)

	Crude Oil Future- Crude Oil Market and Crude Oil Option Trading- Oil Futures
		Crude oil futures are the world's most actively traded commodity, and the NYMEX Division light, sweet crude oil futures contract is the world's most liquid forum for crude oil future trading, as well as the world's largest-volume futures contract trading on a physical commodity.
		Light, sweet crude oils are preferred by refiners because of their low sulfur content and relatively high yields of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel.
		The Brent blend crude oil futures contract is based on a light, sweet North Sea crude oil that serves as a benchmark grade and widely trades as a differential to the NYMEX Division's bellwether light, sweet crude oil futures contract.
	www.tkfutures.com /crude_oil.htm (1776 words)

	Comments on Crude Oil Gravity Adjustments - LA DNR - Technology Assessment Division
		The API gravity of a particualr crude is merely a measure of its specific API gravity of a particular crude is merely a measure of its specific gravity, or density.
		For crudes that have undergone detailed physical and chemical property analysis, the API gravity can be used as a rough index of the quality of the crudes of similar compostion as they naturally occur (that is, without adulteration, mixing, blending, etc.).
		Though the heavy stock and the light stock could be mixed to produce a blend with the same API gravity as the medium stock, the composition of the blend would be far different from the medium stock, as the figure indicates.
	dnr.louisiana.gov /sec/execdiv/techasmt/oil_gas/crude_oil_gravity/comments_1989.htm (808 words)

	OPEC Reveal Global Light Sweet Crude Peaked \| EnergyBulletin.net \| Peak Oil News Clearinghouse
		The key point is that non-OPEC light sweet crude went from 41% of 66 mb/d to 34% of 70 mb/d from 2000 to 2004, a drop of 3.26 mb/d.
		OPEC added 1 mb/d of light sweet crude over the same period resulting in a global reduction of light sweet crude of over 2mb/d showing that global light sweet crude has peaked and is now in decline.
		Light sweet crude is the most attractive because it is easier to refine, global refining capacity is geared to light sweet crude of which there is now a shortage.
	www.energybulletin.net /8102.html (462 words)

	Impacts of the Venezuelan Crude Oil Production Loss
		The crude oil shifts among source countries for these 11 refineries were not the same as the total U.S. shifts shown in Figure 1, which implies that other refineries were changing crude oil import sources as well to deal with the shortage.
		Table 4 displays the crude oil inputs in aggregate for the six refineries that process mainly heavy crude oils (i.e., API gravity of 25 degrees or less based on imports received) to refineries processing intermediate or light crude oils (API gravity greater than 25 degrees based on imports received).
		Light crude oil imports to Sweeny rose from 20 percent to 45 percent share of imports.
	www.eia.doe.gov /pub/oil_gas/petroleum/feature_articles/2003/venezuelan/vzimpacts.htm (4582 words)

	Apache Corporation > Could you explain the difference between heavy and light crude, and sweet and sour crude...
		There are many types of crude produced throughout the world, and they are usually defined by how dense or thick the crude is and how much sulfur is contained in the crude.
		Crude that has.5 percent or less sulfur is defined as sweet crude and anything that is.5 percent or higher sulfur is defined as sour.
		The crude that is ideal for most refiners is a crude that is light (has a specific gravity of about 40 degrees) and has less than.5 percent sulfur.
	www.apachecorp.com /Explore/Explore_Features/20060918/Could_you_explain_the_difference_between_heavy_and_light_crude_and_sweet_and_sour_crude (571 words)

	Mining: Energy: Crude Oil (Site not responding. Last check: 2007-09-10)
		Crude oil is a mixture of many substances, mainly compounds of carbon and hydrogen, together with varying portions of sulphur.
		Crude oil is also referred to as petroleum, from the Greek word petra, meaning rock and the Latin word oleum meaning oil.
		Crude oil production has increased over the past several years can be attributed to the many advances in technology that have taken place in the oil industry, as well as continued strong development and exploration activity.
	interactive.usask.ca /ski/mining/search/mineral_types/energy/oil.html (915 words)

	Condensate and Natural Gas Liquids
		But when crude is refined, it yields differing amounts of the various component parts ('fractions'), depending on how the crude was formed, and what kind of organic material it originated from.
		Crude is heated through a defined temperature range that causes the liquids in the desired fraction to boil off.
		The light gas oils, or fuel oils, can either be further split for manufacture of more gasoline, or retained and refined for when demand for furnace oil is high (winter), or when extra quantities of deisel fuel are needed.
	www.naturalhub.com /slweb/defin_oil_and_Natural_Gas.html (2156 words)

	Crude Oil Futures and Crude Oil Options
		Light, sweet crudes are preferred by refiners because of their relatively high yields of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel.
		The final settlement of the Middle East sour crude oil futures contract is the average of all index values published during the delivery month.
		The max/min price fluctuation rules are consistent with the Exchange's light, sweet crude oil futures contract as are settlement procedures up through the termination of regular trading, which is the final business day prior to the delivery month.
	www.silverbearcafe.com /private/crude.html (1659 words)

	FuturesBuzz.com - Fundamental Research - Crude Oil
		Crude oil is the world's most actively traded commodity, and the NYMEX Division light, sweet crude oil futures contract is the world's most liquid forum for crude oil trading, as well as the world's largest-volume futures contract trading on a physical commodity.
		Light, sweet crudes are preferred by refiners because of their low sulfur content and relatively high yields of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel.
		The e-miNYsm crude oil futures contract, designed for investment portfolios, is the equivalent of 500 barrels of crude, 50% of the size of a standard futures contract.
	www.futuresbuzz.com /fr_crude.html (575 words)

	Alexander's Gas & Oil Connections - US refiners get rid of sour oil
		Light sweet crude such as West Texas Intermediate is needed by a majority of the world's refineries.
		Light oil, compared with medium and heavy, is more easily refined into a high percentage of high-value products such as gasoline.
		Another indication of the country's increasing use of lower-quality crude oil is that the Strategic Petroleum Reserve, which is meant to help the United States in case of a major disruption in oil supplies, is two-thirds sour crude and one-third sweet crude.
	www.gasandoil.com /goc/news/ntn44964.htm (1320 words)

	Oil shortage or surplus? It depends on type of crude \| EnergyBulletin.net \| Peak Oil News Clearinghouse
		Light, sweet, low-sulphur crude is most suitable for refining into petrol, gasoil and heating oil.
		Societe Generale estimates that half of the oil processed by European refineries is light crude, such as oil from the North Sea, where fields are now maturing.
		In China 80 percent of oil processed by refineries is light crude, compared with 34 percent in the United States.
	www.energybulletin.net /2341.html (766 words)

	The Oil Drum \| The Peak of Light Sweet Crude? (Site not responding. Last check: 2007-09-10)
		And, as Econbrowser noted recently, the price spread between light sweet crude and heavier grades has grown unprecedentedly: consistent with the idea that the good stuff is in decline, while there's still increasing amounts of the not-so-great oil.
		If the light sweet depletion stays at moderate annual percentages, that suggests there'll be time for gradual adaptation as we all start driving hybrids, building windmills and nuclear power plants, and digging up more coal.
		If light sweet is a leading indicator, then the possibility that we've quietly passed that peak is also consistent with theory: we won't know we've peaked until well after it's happened.
	www.theoildrum.com /story/2005/8/23/233714/826 (2948 words)

	[No title]
		A penultimate, financially settled crude oil (WS) contract is available for trading on the CME Globex® platform.
		The NYMEX miNY™ crude oil futures contract, designed for investment portfolios, is the equivalent of 500 barrels of crude, 50% of the size of a standard futures contract.
		The Brent blend futures contract is based on a light, sweet North Sea crude oil that serves as a benchmark grade and widely trades as a differential to the NYMEX Division's bellwether light, sweet crude oil futures contract.
	www.nymex.com /lsco_fut_descri.aspx (401 words)

	Crude Oil Futures Prices - NYMEX
		Crude oil began futures trading on the NYMEX in 1983 and is the most heavily traded commodity.
		Crude Oil Futures are quoted in dollars and cents per barrel.
		Crude Oil Futures: Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month.
	www.wtrg.com /daily/crudeoilprice.html (709 words)

	Canadian Heavy Crude Article - Purvin & Gertz (Site not responding. Last check: 2007-09-10)
		The rapid increase in Canadian heavy crude supply through 1996 and 1997 resulted in displacement of other heavy crude to what may be considered a structural minimum level.
		Crude runs in PADD V, or the Western U.S., are predominantly light sour and heavy sour grades.
		Incremental capital recovery factors for a light sour refinery converting to coking are expected to be modest for the next several years, with some improvement seen shortly after 2000.
	www.purvingertz.com /sjk062899.html (3355 words)

	Apache Corporation > Topic Report: Impact of Crude Supply on Refinery Products
		Many refineries were built to handle sweet, light crude.
		The composition of crude oil varies widely around the world, which causes the quantity of the different products that can be produced to vary.
		Light crudes tend to have more gasoline, naphtha and kerosene; heavy crudes tend to have more gas oil (diesel and heating oil) and residue.
	www.apachecorp.com /Explore/Explore_Features/200601/Topic_Report_Impact_of_Crude_Supply_on_Refinery_Products (845 words)

	CD Baby: THE FAMOUS: Light, Sweet Crude
		Their debut album Light, Sweet Crude, is an unapologetically diverse collection of 13 songs recorded at their own studio and mixed by Aaron Prellwitz (Death Cab For Cutie, Red House Painters) at Tiny Telephone.
		Light, Sweet Crude was recorded at John Vanderslice’s Tiny Telephone studio and mixed by Aaron Prellwitz (Neil Young, Death Cab for Cutie, Red House Painters).
		Light, Sweet Crude has its share of twang and Southern accents; more importantly, it is filled with heart.
	www.cdbaby.com /cd/thefamous (3529 words)

	Light crude races toward $55 a barrel - Oct. 20, 2004
		Light crude jumps to as high as $55.10, after report shows a fresh fall in U.S. heating oil stocks.
		Light crude for November contract, which expires at the end of trading Wednesday, traded as high as $55.10 a barrel before settling at $54.92, up $1.63 on the session.
		The December light crude contract closed $1.77 higher at $54.41.
	money.cnn.com /2004/10/20/markets/oil/index.htm (523 words)

	Re: Crude and light crude oil?
		Hi Penny, Crude oils generally are characterized by the weight per volume of oil measured as API Gravity.
		Crude oil API gravities range from 10 to 50, but most fall in the 20 to 45 API gravity range.
		There are places in which the crude oil seeps to the surface, but these don't produce enough crude for recovery.
	www.madsci.org /posts/archives/2000-12/976983325.Ch.r.html (117 words)

	3 ways to win from the oil glut - MSN Money (Site not responding. Last check: 2007-09-10)
		And, while there's plenty of heavy sour crude, a barrel of heavy sour crude yields about a third less gasoline than does a barrel of sweet light crude.
		The result is a scarcity of light sweet crude and a glut in heavy sour crude that has led to increases in the price of easily refined light sweet crude and big drops in the price of heavy sour crude.
		At the end of June, Nigerian Bonny Light, one of most sought-after grades of light sweet crude, was selling on the spot market for $71.65 a barrel, while Saudi Arabian Heavy sold for $58.70 a barrel, according to the U.S. Energy Information Administration.
	articles.moneycentral.msn.com /Investing/JubaksJournal/3WaysToWinFromTheOilGlut.aspx (1599 words)

	Ask an Energy Expert from the Energy Information Administration - Crude Oil Types
		Comparing these two crude oils with EIA's Imported Refiner Acquisition Cost (IRAC), the OPEC Basket, and NYMEX futures is important to understand the differences among the various types of crude oil that are often referred to in the press and by analysts.
		Although the production of WTI crude oil is on the decline, it still is the major benchmark of crude oil in the Americas.
		The NYMEX futures price for crude oil, which is reported in almost every major newspaper in the United States, represents (on a per-barrel basis) the market-determined value of a futures contract to either buy or sell 1,000 barrels of WTI or some other light, sweet crude oil at a specified time.
	tonto.eia.doe.gov /ask/crude_types1.html (930 words)

	Soaring Global Demand for Oil Strains Production Capacity: OPEC Hits Limit for Crude Used in U.S. Gasoline; Price ... (Site not responding. Last check: 2007-09-10)
		The nations belonging to the Organization of Petroleum Exporting Countries are hitting their limit to produce light, sweet crude, the preferred grade of oil used to make gasoline, especially in the U.S. Capacity limits also plague the petroleum industry's so-called downstream end, which refines oil into essential consumer products such as gasoline.
		U.S. crude values, along with North Sea-benchmark Brent crude oil—a comparable light crude also widely used to produce gasoline—are widely used to price oil produced and sold elsewhere.
		Light, sweet crude remains in many corners of the world, but the energy industry doesn't have the capacity to pump it.
	www.mindfully.org /Energy/2004/Oil-Global-Demand22mar04.htm (977 words)

	Keyword (Site not responding. Last check: 2007-09-10)
		Light, sweet crude for December delivery rose as much as 57 cents to $58.10 a barrel in electronic trading on the New York Mercantile Exchange, before slipping to $57.78.
		U.S. light crude was trading down 26 cents at $64.49 a barrel by 0515 GMT, extending a loss of 34 cents on Thursday.
		U.S. light sweet crude for September delivery was up 45 cents to $60.39 a barrel in Asian trade, off an earlier high of $60.42 triggered by news of a fire at BP's giant Texas City refinery, the country's third-largest.
	www.freerepublic.com /focus/keyword?k=lightsweetcrude (5804 words)

	The Hindu Business Line : Reliance refining margins rise as light, heavy crude prices diverge
		THE price variation between `heavy' and `light' crude which continues in the $8-$10 range in the international market - with the former being the cheaper variety — has helped Reliance Industries Ltd secure, in the current year, better profit margins on refining than other players who can handle only `light' crude.
		This is not something new, they point out, as markets for sweet and light crude were blending with heavy crude, as in the case of Iranian light crude.
		It was not as simple as switching from sweet to sour crude as the prices of the output also would be related, it said.
	www.thehindubusinessline.com /2005/03/18/stories/2005031801320200.htm (647 words)

	Vital Trivia » Blog Archive » OPEC Reveal Global Light Sweet Crude Peaked
		In 2000, non-OPEC crude output was 66 mb/d and the split of non-OPEC crude production by light (>35 API), medium (26 to 35 API), and heavy (<26 API) was approximately 41%, 44%, and 15%, respectively.
		Andrew, I don’t know exactly what OPEC are referring to but as Stu Kautsch points out in the first comment it doesn’t matter (as long as they didn’t change the rules between 2000 and 2004).
		What we can see is that the proportion of whatever they are counting that is light sweet has fallen over the last few years.
	www.vitaltrivia.co.uk /2005/08/26 (975 words)

	Crude Oil
		Brass River Crude is considered a “Semi-Sour” crude and is very much in demand.
		Saudi Light Crude is considered a “Sweet” crude and is preferred by refineries worldwide.
		REBCO crude is considered a “Sour” crude and has a high sulfur content.
	www.criontheweb.com /crude.htm (362 words)

	Gulfnews: Saudis reduce December light crude prices to Asia
		The lower Arab Light reflects a weaker gas oil crack and Arab Heavy seems higher on the stable fuel oil crack," a trader with a refiner said.
		The cut in OSPs signals Saudi's recognition that crude oil demand in Asia remains weak, traders said, despite its move to cut November exports to the region by up to 8 percent from term volumes, or around 280,000 bpd, as part of Opec's curbs.
		The top world exporter kept the Arab Medium crude OSP at the average minus $2.70 a barrel for December, unchanged from November, while it raised the price of Arab Heavy crude to a $5.30 discount for December from a $5.50 discount for November.
	archive.gulfnews.com /business/Oil_and_Gas/10080402.html (544 words)

Try your search on: Qwika (all wikis)