Sweet Crude


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Sweet Crude

Crude oil with a low percentage of hydrogen and sulfur mixed in it. Compared to sour crude, sweet crude is easier to refine. As a result, sweet crude is the most popular futures contract in the oil market.
References in periodicals archive ?
Not since crude oil exports from Saudi Arabia and Kuwait in the 1950s has the world faced at least five million extra barrels of light sweet crude, as happened with US and Canadian output rises since 2008.
The new price assessment, based at Magellan's East Houston terminal, marks a milestone in the development of light sweet crude markets at the US Gulf coast.
Build the $900 million Diamond Pipeline that will run 440 miles to transport light sweet crude oil from its Cushing, Oklahoma, terminal to the Valero Memphis Refinery in Tennessee.
The agency will examine topics such as the amount of light sweet crude oil the United States is likely to produce in the future, refinery capabilities and the impact exporting crude oil might have on domestic gasoline prices, one of the biggest uncertainties around ending the ban.
Thus, if it's sweet crude you crave, it matters little whether you buy it from Norway, North Dakota, or Nigeria.
Benchmark light sweet crude futures were down about $1.
So-called sweet crude oil has a sulphur content of less than 0.
Meanwhile, light sweet crude for August delivery increased by around 3% to USD 92.
The system would originate at Plains' Baker station and provide initial capacity of at least 50,000 bpd of light sweet crude to Billings.
New Yorks main contract, light sweet crude for December delivery, dipped 31 cents to $97.
Light sweet crude oils produce a high percentage of products desired by consumers after distillation.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in May were trading at $108.