Crude Oil Grades

Brent Crude: As one of the most widely traded crude oil benchmarks, Brent Crude is renowned for its high quality and global significance. Its low sulfur content and excellent refining characteristics make it a preferred choice for various refineries.

West Texas Intermediate (WTI): WTI is a highly sought-after crude oil grade, primarily produced in the United States. With its consistent quality and favorable geographic location, WTI serves as a benchmark for oil pricing and trading worldwide.

Dubai Crude: Dubai Crude is a key crude oil grade from the Middle East, specifically the United Arab Emirates. Known for its medium sulfur content and API gravity, Dubai Crude is commonly used in Asian refineries.

Bonny Light: Bonny Light is a popular crude oil grade originating from Nigeria. It is characterized by its low sulfur content and high API gravity, making it an attractive option for many international buyers.

Urals Blend: Urals Blend is a mixture of crude oil from multiple fields in Russia. This medium sour crude is widely used in European refineries due to its competitive pricing and consistent quality.

OPEC Reference Basket: The OPEC Reference Basket represents a weighted average of various crude oil grades produced by OPEC member countries. As a price reference, it plays a significant role in international oil markets.