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Light and heavy crude oil

 

Light and heavy crude oil

 Crude oil is divided into two categories: light crude oil and heavy crude oil.

 Light crude oil:

 Less dense (more API)

 More fluidity

 Less sulfur and impurities

 Easier refining and production of more valuable petroleum products such as gasoline and diesel

 Its price is generally higher than heavy crude oil

 Heavy crude oil:

 It has more density (less API).

 Less liquidity

 More sulfur and impurities

 Harder refining and production of lower value oil products such as fuel oil and bitumen

 Its price is generally lower than light crude oil.                    

 Export of crude oil from Iran, Kazakhstan and Russia

 Iran:

 In 2023, Iran exported an average of 1.2 million barrels of crude oil per day.

 The biggest customers of Iran's crude oil are: China, India, Japan and South Korea.

 Kazakhstan:

 In 2023, Kazakhstan exported an average of 1.5 million barrels of crude oil per day.

 The biggest customers of Kazakh crude oil are: China, Italy, Netherlands and Russia.

 Russia:

 In 2023, Russia exported an average of 5 million barrels of crude oil per day.

 The biggest customers of Russian crude oil are: China, India, Germany, Netherlands and Italy.

 Attention:

 This statistic is an estimate and may vary slightly from source to source

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