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Oil price and its properties

If you are viewing the news of the economy, then the likelihood is that you will meet a variety of information on oil trafficking, at its price. And not accident. Oil occupies a huge niche in the economy and policies of many countries, the welfare of many nations depends on it, including the peoples of Russia.

Light and hard oil. Sulfur in oil

There are various types of crude oil, of which some are preferable to other. Oil varieties are distinguished as acidic and sweet - Highly terrestrial and smaller sulfur content, as well as hard - dense and light - Less dense. We are accustomed to submitting oil as a dark thick oily liquid, but the varieties of very light oil are well common, which is more and less thick. Oil is classified by density and sulfur contents that are established by the American Institute of Oil (API).


Oil density is measured in degrees on the scale API: Super Easy - super light - before 50Over light - extra light - 41,1-50, Easy - light 31,1-41,1, average - medium 22,3-31,1, hard - heavy 10-22,3Over hard - extra heavy before 10
For processors that produce gasoline and diesel fuel preferred oil varieties with lower sulfur content. The fact is that recently tightened the requirements for gasoline, to the content of sulfur in it, liabilities with the fact that sulfur in gasoline is very harmful to the environment.
Price of oil It depends on how it comes from the prey points. Oil that comes through pipelines receives much less additional cost than that that is transported by sea transport and by rail.

From the very beginning of the production and sale of oil, buyers and sellers have needed requirements for some uniform standards, with which it would be possible It is convenient to trade and evaluate one or another oil.. Therefore, when the pricing of any variety of oil is compared with three major world references: Brent WTI (Light) And the brand of Oman / Dubai.. When oil refiners are going to buy oil, they hope that it represents and what properties of it is precisely because they compare it with these stalls. In world markets, oil is traded by futures and option contracts.

Main World Oil Standards

There are dozens of various oil reference points with which crude oil from one or another part of the globe. However, PRICE OF OIL Most varieties tied to one of the three main criteria:

Brent
Brent oil mixture is a benchmark for greater than half of the entire world supply and sale of oil. Brent oil is mined from four deposits in the North Sea.
The variety of oil from this region is light and sweet, which makes it ideal for the production of diesel fuel, gasoline and other products that are high demand and this oil is easy to transport to remote areas..

Oil WTI
Oil brand WTI It is mined in Texas and is transported through a pipeline, but further it is transported by other means, which makes it somewhat more expensive. Oil brand WTI It is a light and sweet variety of oil and it is also well suited for gasoline and diesel fuel production.. WTI is the most common oil in the United States and in many nearby countries.


Sort Oman
Oil brand Oman, she - Dubai is the main start-up for varieties of the Middle East oil and it is a bit lower class than WTI or Brent. It is more dense and contains more sulfur content than Brent or Light and is the most important product that comes from the Persian Gulf District.

Brent oil is traded on ICE, Oman on the commercial exchange of Dubai, and WTI traded in New-York commodity exchange NYMEX. Initially, oil was traded as ordinary goods in world commodity markets. However, sharp differences in the price of oil introduced great difficulties for the work of sellers - Miners and buyers - Processors. Alleged with this were involved new oil trading tools - Futures and options. With the help of them, buyers and sellers could agree on a certain price of supplying oil for many days and months ahead, during which the delivery price for the trading parties remained unchanged.
Real Time Oil Price 19.01.2022

Price of oil
Price of oil. Schedule Dynamics Prices Oil online, real time Online 19.01.2022
Schedule Dynamics of real-time oil prices. Price of oil