ASTM Vs TBP
ASTM Vs TBP
ASTM Vs TBP
Benchmark Oils
Benchmark oils are used as references when pricing oils.
There are approximately 161 different benchmark oils, of which
the main three West Texas Intermediate, Brent Crude, and
Dubai Crude. Crude oil is the most actively traded commodity
and is bought and sold in “contracts.” A contract trades in units
of 1,000 barrels of oil and benchmarks help to determine the
price of a barrel of oil in a contract.
►West Texas Intermediate (WTI)
WTI is probably the most famous of the bench mark oils. It is a
light, sweet crude with an API gravity of 39.6 degrees. That
gives it a specific gravity of 0.827, which means that at 60
degrees Fahrenheit, WTI is only 8/10 as heavy as water. It
contains 0.24% sulfur and is refined in the Midwest. It comes
from the Southwestern United States.
Lec. 4 ……………………………………………………………………………………………..Crude Distillation Curves