July 25, 2024

Light Sweet Crude Oil Is Taking Over The Market

Courtesy of El Nacional

The API gravity for Venezuela’s crude oil ranges from around 25 degrees to as low as 8 degrees with sulfur content being between 1% and 2.8%, meaning they are particularly heavy and sour. That makes them unpopular refinery feedstock wherever stricter sulfur content regulations are being established. By Matthew Smith. Full Text -> OilPrice

Translation/ Traducción