What is the API of Brent crude?
38.06
Brent Crude has a density of approximately 835 kg/m3, being equivalent to a specific gravity of 0.835 or an API gravity of 38.06.
What is ADNOC Murban?
Murban crude, one of four grades that ADNOC produces, underpins its futures contract that was launched in March 2021. ADNOC has been partnering with international oil companies to help boost its oil production capacity, which will rise to 5 million b/d by 2030 from about 4 million b/d now.
How many countries do we export Murban crude?
Today, Murban crude, and products made predominantly using Murban, are exported to more than 30 countries around the world by ADNOC, including 14 countries to which ADNOC Distribution also sells its Voyager range of high-quality lubricants.
What is the API gravity of WTI?
approximately 40
West Texas Intermediate, the US benchmark crude oil, is a light, sweet crude oil with an API gravity of approximately 40 and a sulfur content of approximately 0.3%.
Where is Murban crude from?
Murban is a flagship grade produced in Abu Dhabi in the United Arab Emirates, and is typically consumed in Asia. Up to 11 million barrels of Murban crude is estimated to have traded in the spot market over the past week after its spot premiums fell to the lowest in two months.
What is the best grade of crude oil?
Tapis. Tapis, a type of crude found only in Malaysia, is considered the best quality oil in the world. Light and sweet, it’s benchmark traded in Singapore and coveted for its remarkably low sulphur content (0.04 percent) and low density of between 43 and 45° API.
Which country has best crude oil?
The best crude oil in the world is found in Malaysia. “Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world’s most expensive grade.
What API is Russian oil?
Crude grades
| Crude | API | Source |
|---|---|---|
| Escravos | 34.0 | Nigeria |
| ESPO | 36.0 | Russia |
| Eugene Island | 36.0 | US |
| Fateh | 30.0 | UAE |
What is the highest API oil rating?
SM
The API’s current highest rating for motor oil is SM. This oil is intended for all gasoline engines currently in use and has been the standard since 2004. For diesel engines, the current top oil rating is CI-4.
What is the API of West Texas Intermediate?
Current Crude Oil prices West Texas Intermediate, the US benchmark crude oil, is a light, sweet crude oil with an API gravity of approximately 40 and a sulfur content of approximately 0.3%.
How many markets and customers is Murban exported to?
What is Murban crude?
Murban, Abu Dhabi’s flagship crude grade is an example of this type of oil. Boats are moored at an oil drilling platform on Venezuela’s Lake Maracaibo. Image: Bloomberg News It refers to a crude grade with an API gravity less than 20, which means it cannot float on water.
What is Murban oil and why should you care?
This oil is already in demand from customers in Asian markets, such as China, India and Japan. The trading of a Murban futures contract will put it in elite company in terms of oil price benchmarks such as Brent crude and West Texas Intermediate crude. Murban differs physically from Brent, WTI or other oil produced elsewhere in the world.
What is Murban and why is the world moving to it?
Asian fundamentals and shifts in global crude oil flows.3Underpinning this ambition is the role of Murban – a light high-sulphur crude oil (40° API gravity and 0.7% sulphur) produced onshore in Abu Dhabi. Several factors are driving the proposed move:
Is the Murban–Dubai spread the new benchmark for sour crude?
If Murban is set up as a benchmark, the Murban–Dubai spread could become the new dedicated marker of intra-Asian sour crude dynamics, similar to how the Brent–Dubai spread currently encompasses Euro-Asian and sweet–sour fundamentals.