Everything about Sweet Crude Oil totally explained
Sweet crude oil is a type of
petroleum. Petroleum is considered "sweet" if it contains less than 0.5%
sulfur, compared to a higher level of sulfur in
sour crude oil. Sweet crude oil contains small amounts of
hydrogen sulfide and
carbon dioxide. High quality, low sulfur crude oil is commonly used for processing into
gasoline and is in high demand, particularly in the
United States and
China. "Light sweet crude oil" is the most sought-after version of crude oil as it contains a disproportionately large amount of these fractions that are used to process
gasoline,
kerosene, and high-quality
diesel. The term "sweet" originated because the low level of sulfur provides the oil with a mildly sweet taste. Nineteenth century prospectors would taste small quantities of the oil to determine its quality.
Producers of sweet crude oil include:
Pricing
The term "price of oil", as used in the US media, generally means the the cost per barrel (42 US gallons) of
West Texas Intermediate Crude, to be delivered to
Cushing, Oklahoma during the upcoming month.. This information is available from
NYMEX (
NYMEX website
) or from the US
Energy Information Administration (
EIA oil prices)
Further Information
Get more info on 'Sweet Crude Oil'.
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