Crude Petroleum Oils Prices
Current Prices, Historical Series and Forecasts in Several Countries
Chart Description. Intratec provides Crude Oil prices, as follows:
Chart Instructions. Hover the mouse over the series to view the respective Crude Petroleum Oils prices plotted. You can filter a given Crude Petroleum Oils price series by clicking on the respective legend label, right above the chart.
About Crude Petroleum Oils. Crude Oil is a naturally occurring, highly complex mixture, containing primarily carbon and hydrogen compounds. More specifically, the great majority of the compounds are paraffinic, cycloparaffinic and aromatic hydrocarbons, with small amounts of other elements, mostly oxygen, nitrogen and sulfur. Petroleum is a yellowish to black liquid, with apolar characteristics, formed millions of years ago, through biological processes in organic deposits. It is mostly found in geological formations beneath the Earth’s surface; however, it can be found in porous rocks above it. Crude oil has many possible classifications, the most used are based on the geographic location it is produced/extracted, its API gravity and its sulfur content.
Commercial Grades. very light oils; light oils; medium oils; and heavy fuel oils.
Uses. Crude oil is mainly employed as building block for the chemical industry; fuel production; plastics/rubber/resins manufacture; waxes; asphalt; and lubricants.
- Extraction from wells/reservoirs/source rocks.
Derivatives. gasoline; diesel; fuel oil; propane; liquified natural gas; liquified petroleum gas; butane; naphta; petroleum asphalt; paraffin wax; and great variety of organic chemicals (hydrocarbons, aromatic compounds, alcohols, etc).
Methodology. The pricing data presented are, if not otherwise indicated, volume-weighted average transaction prices including contract and spot transactions in the locations specified. The information provided is obtained from gathering and refining of trade data officially reported for the respective countries (i.e., governmental agencies, institutions related to foreign trade and industry publications). For further details check our Methodology.
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