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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.
What else can I help you with?
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 its been refined?
Crude oil. and this comes in different grades.
What is the boiling point of crude oil?
Crude oil is a complex mixture of hydrocarbons with different boiling points. The boiling point of crude oil can vary depending on its composition, but typically falls within the range of 300°C to 400°C.
What is the difference between heavy crude oil and light crude oil?
Heavy crude oil has a higher density and viscosity compared to light crude oil. Heavy crude oil also contains more impurities like sulfur and metals, which makes it more difficult and expensive to refine. Light crude oil is easier to extract, transport, and refine, making it more valuable in the market.
What are the properties of Brent Crude oil?
Brent Crude oil is a light, sweet crude oil with low sulfur content, making it ideal for refining into diesel fuel and gasoline. It is a benchmark for oil prices in Europe, Africa, and the Middle East, with delivery points in the North Sea. Brent Crude oil is known for its high quality and stable production.
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,.
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.
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
What is Nigeria's position in the world in producing crude oil?
Crude oil is crude..
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 can you do with crude oil?
What other thing you can do with crude oil.
Does the gravity of crude oil affect the weight of the oil?
You probably mean the "specific gravity" of crude oil. The answer is yes. For example: crude oil with a specific gravity of less than 1.0 and is therefore lighter than water and will float on its surface. "Extra heavy crude oil" has a specific gravity greater than 1.0 and sinks to the bottom of water.
What does SLCO mean?
SLCO is an acronym for Saudi Light Crude Oil.
What does continuous process mean in crude oil?
It is continous and doesn't stop.
Why is crude oil known as crude?
Crude Oil is hydrocarbon and it is mixture of carbon and hydrogen.
