Diesel / Gasoil

West Coast Energy Group’s three most requested crude oil products are North America’s, West Texas Intermediate, North Sea Brent Crude and UAE Dubai Crude.

The four subsets and their pricing are used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 dollars over the WTI Spot price, which is typically priced $5 to $6 dollars above the EIA’s Imported Refiner Acquisition Cost (IRAC) and OPEC Basket prices.

Although crude oil assays evaluate various chemical properties of the oil, the two most important properties determining a crude’s value are its density (measured as API specific gravity) and its sulphur content (measured per mass).

Crude oil is considered “heavy” if it is high in wax content, or “light” if low in wax content: an API gravity of 34 or higher is “light”, between 31-33 is “medium”, and 30 or below is “heavy”. Crude is considered “sweet” if it is low in sulphur content (< 0.5%/weight), or “sour” if high (> 1.0%/weight). Generally, the higher the API gravity (the “lighter” it is), the more valuable the crude.

West Coast Energy Group is your source for millions of barrels of Crude Oil Delivery nearly anywhere in the world. Please complete our Client Form and a Contract Representative will contact you within 24 hours.

Commodities

WTI Crude Oil

Brent Crude Oil

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