What is the difference between heavy and light crude? Light Crude is thin and volatile with less wax content. It is therefore easier to transport or pump. Heavy Crude is thick and viscous with greater wax content.
Is light crude better than heavy?
Any oil with an API gravity below 22 is considered “heavy oil.” Less dense, or “light oil” has an API gravity of greater than 31. Light oil is preferable to heavy oil because a higher percentage of the hydrocarbons are converted into things like gasoline. That’s why light oil trades at a premium to heavy oil.
Why is light crude oil better?
Light crude oil is liquid petroleum that has a low density and flows freely at room temperature. … Light crude oil receives a higher price than heavy crude oil on commodity markets because it produces a higher percentage of gasoline and diesel fuel when converted into products by an oil refinery.
What is the difference between sweet light crude and heavy sour crude oil?
Sweet crude oil is considered “sweet” if it contains less than 0.5% sulfur. In comparison, sour crude oil contains impurity sulfur levels larger than 0.5%. … For this reason sour crude is usually processed into heavy oil such as diesel and fuel oil rather than gasoline to reduce processing costs.
What is heavy crude oil used for?
While light oils primarily used to create fuels such as gasoline, diesel and aviation fuels, heavy crudes (which also yield these transportation fuels) also provide feedstock for plastics, petrochemicals, other fuels and road surfacing.
Why do they call it sweet crude?
Petroleum containing higher levels of sulfur is called sour crude oil. Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide. … The term “sweet” originates from the fact that a low level of sulfur provides the oil with a relatively sweet taste and pleasant smell, compared to sulfurous oil.
What are the two main characteristics of higher value crude oil?
Two of the most important quality characteristics are density and sulfur content. Density ranges from light to heavy, while sulfur content is characterized as sweet or sour.
Can I buy crude oil?
You can even buy actual oil by the barrel. Crude oil trades on the New York Mercantile Exchange as light sweet crude oil futures contracts, as well as other commodities exchanges around the world. … The more common way to invest in oil for the average investor is to buy shares of an oil ETF.
What is the best crude oil stock?
Best Oil Stocks to Buy Amid Post-COVID Demand Boom and Price Volatility
- Dorian LPG Ltd. (NYSE: LPG)
- Pioneer Natural Resources Company (NYSE: PXD)
- Devon Energy Corporation (NYSE: DVN)
- CNX Resources Corporation (NYSE: CNX)
- ConocoPhillips (NYSE: COP)
What are the two types of crude oil?
The Four Main Types Of Crude Oil
- Very light oils – these include: Jet Fuel, Gasoline, Kerosene, Petroleum Ether, Petroleum Spirit, and Petroleum Naphtha. …
- Light oils – These include Grade 1 and Grade 2 Fuel Oils, Diesel Fuel Oils as well as Most Domestic Fuel Oils.
Where is sweet crude oil found?
Major locations where sweet crude is found include the Appalachian Basin in Eastern North America, Western Texas, the Bakken Formation of North Dakota and Saskatchewan, the North Sea of Europe, North Africa, Australia, and the Far East including Indonesia.