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API (American Petroleum Institute number) or API gravity American Petroleum Institude gravity number) is a measure of the density of the crude oil. Take for example XX crude has an API gravity of 34 while YY crude has an API gravity of 22. This would mean that XX crude is lighter as compared to YY crude.
If you were to then look at the assay data for the XX crude, you will see that it will contain more lighter components (Natural gas, naphtha, etc) when it is processed in the distillation column as compared to the YY crude. YY crude on the other hand will contain more heavier components such as (diesel or heavy oils,etc) as compared to the XX crude.
Depending on what products is on demand, the crudes might be sold at different prices. If the demand for gasoline is high, then XX crude will be more valuable for it has higher amounts of lighter components and vice versa.
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Why crude assay is important?
Crude assay determines the general properties of crude oil, presence of impurities, helps to determine the percentage yield curve, composition of light distillates, straight run fractions ad residues. It also helps to determine the operating parameters to be set to obtain specific properties of various fractions during distillation, planning of production, inventory management etc,.
Can crude oil can be a liquid or a gas?
Crude Oil is a liquid.
What is the boiling point of crude oil?
boiling point of crude oil is depending on the main component in the crude oil itself, heavy crude for example has a higher boiling point from light crude.
What are the properties of Brent Crude oil?
The properties of Brent Crude oil are the same properties of any crude oil, density, viscosity, and solubility. Although Brent is LCO (light crude oil).
How do they make crude oil?
you don't make crude oil. Crude oil is natural oil after it has been sucked up from the earth, before it has been processed
Where do you get crude oli from?
i think you mean crude oil?
What does Iranian crude mean?
It refers to Iranian crude oil, so it is oil from Iran.
Why crude assay is important?
Crude assay determines the general properties of crude oil, presence of impurities, helps to determine the percentage yield curve, composition of light distillates, straight run fractions ad residues. It also helps to determine the operating parameters to be set to obtain specific properties of various fractions during distillation, planning of production, inventory management etc,.
What is oil called before it is cleaned?
If you mean refined, then it's crude oil
What does BLCO mean?
Bonny Light Crude Oil BLCO
How do you predict the movement of commodities while trading binary options?
There are certain events you must keep in mind before you make binary options trade in commodities. For instance, if you wish to trade in crude oil, you must keep track when DOE (US Department of Energy), releases weekly inventory report. Reports are published on DOE website weekly. Report contains inventory for several assets such as gasoline, crude oil and other petroleum products. Also keep in mind the demand and import figures for all crude oil products. Review of this report will help you in tracking movement of crude oil.
What is Nigeria's position in the world in producing crude oil?
Crude oil is crude..
How are polymers made into crude oil?
Polymers are not made into crude oil. Crude oil is made into polymers.
Is crude oil a mixture?
It is a mixture of hydrocarbons, which can be separated by fractional distillation. Oil is NOT an element.
What can you do with crude oil?
What other thing you can do with crude oil.
Is polythene made from crude oil?
Yup! Crude Oil -> Crude Oil Vapour --> Diesel Oil --> Ethene --> Poly(ethene)
Why is crude oil known as crude?
Crude Oil is hydrocarbon and it is mixture of carbon and hydrogen.
