Arkansas Sweet
Arkansas Sweet Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $73 | 537 | 546 | 1.74 |
| 2023-02-15 | $73 | 537 | 546 | 1.74 |
| 2023-02-14 | $74 | 541 | 549 | 1.76 |
| 2023-02-13 | $75 | 548 | 557 | 1.78 |
| 2023-02-09 | $73 | 533 | 542 | 1.73 |
| 2023-02-08 | $73 | 535 | 544 | 1.74 |
| 2023-02-07 | $72 | 526 | 535 | 1.71 |
| 2023-02-03 | $66 | 484 | 492 | 1.57 |
| 2023-02-02 | $71 | 517 | 525 | 1.68 |
| 2023-01-31 | $74 | 539 | 548 | 1.75 |
| 2023-01-30 | $73 | 531 | 540 | 1.73 |
| 2023-01-27 | $74 | 544 | 553 | 1.77 |
| 2023-01-26 | $76 | 555 | 564 | 1.8 |
| 2023-01-25 | $75 | 548 | 557 | 1.78 |
| 2023-01-24 | $76 | 559 | 568 | 1.82 |
| 2023-01-19 | $75 | 550 | 559 | 1.79 |
| 2023-01-18 | $74 | 542 | 551 | 1.76 |
| 2023-01-17 | $75 | 548 | 557 | 1.78 |
| 2023-01-13 | $75 | 546 | 555 | 1.77 |
| 2023-01-12 | $73 | 535 | 544 | 1.74 |
| 2023-01-11 | $72 | 528 | 536 | 1.71 |
| 2023-01-10 | $70 | 511 | 520 | 1.66 |
| 2023-01-09 | $69 | 508 | 516 | 1.65 |
| 2023-01-06 | $69 | 502 | 510 | 1.63 |
| 2023-01-03 | $72 | 524 | 533 | 1.7 |
| 2022-12-22 | $72 | 528 | 536 | 1.71 |
| 2022-12-16 | $69 | 506 | 514 | 1.64 |
| 2022-12-15 | $71 | 519 | 527 | 1.68 |
| 2022-12-13 | $70 | 513 | 522 | 1.67 |
| 2022-12-12 | $70 | 513 | 522 | 1.67 |
Arkansas Sweet Historical price
- In 2017 maximum price $54 per bbl (2017-12-29)
- In 2018 maximum price $38 per bbl (2018-12-27)
- In 2019 maximum price $55 per bbl (2019-12-31)
- In 2020 maximum price $43 per bbl (2020-12-31)
- In 2021 maximum price $70 per bbl (2021-12-31)
- In 2022 maximum price $72 per bbl (2022-12-22)
- In 2023 maximum price $73 per bbl (2023-02-16)
Understanding Arkansas Sweet Crude Oil: A Comprehensive Guide
Arkansas sweet crude oil is a type of light crude oil that is produced in the state of Arkansas. This type of crude oil is known for its low sulfur content and is considered to be of a high quality, making it a valuable commodity in the oil industry. In this article, we will take a closer look at Arkansas sweet crude oil, its production, and why it is considered to be a premium product.
The Characteristics of Arkansas Sweet Crude Oil
Arkansas sweet crude oil is characterized by its low sulfur content, which makes it a desirable product for refining into gasoline, diesel, and other petroleum products. This type of crude oil also has a low viscosity, which means that it flows easily and is easier to transport than heavier crude oils. Additionally, Arkansas sweet crude oil has a low acidity level, which makes it less corrosive and easier to refine.
The Production of Arkansas Sweet Crude Oil
Arkansas sweet crude oil is produced in the Fayetteville Shale region of Arkansas, which is located in the central part of the state. The Fayetteville Shale is a rich source of natural gas and is one of the largest unconventional gas reserves in the United States. The production of Arkansas sweet crude oil is made possible by hydraulic fracturing, or fracking, which is a technique used to extract oil and natural gas from shale rock formations.
The fracking process involves injecting a mixture of water, sand, and chemicals into the shale rock at high pressure, which creates cracks in the rock and allows the oil and natural gas to flow out. The crude oil is then collected and transported to refineries where it is processed into various petroleum products.
The Value of Arkansas Sweet Crude Oil
Arkansas sweet crude oil is considered to be of a high quality and is therefore valued in the oil industry. This type of crude oil has a low sulfur content, which makes it easier and less expensive to refine into gasoline, diesel, and other petroleum products. Additionally, the low viscosity and low acidity levels of Arkansas sweet crude oil make it easier to transport and less corrosive, which also helps to reduce costs associated with refining and transportation.
In conclusion, Arkansas sweet crude oil is a valuable commodity in the oil industry due to its high quality and low sulfur content. The production of this type of crude oil is made possible by hydraulic fracturing in the Fayetteville Shale region of Arkansas, and it is considered to be a premium product in the industry due to its ease of refining and low costs associated with refining and transportation. If you are interested in the oil industry, it is important to understand the characteristics and value of Arkansas sweet crude oil.
Frequently Asked Questions About Arkansas Sweet Crude Oil
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What is Arkansas sweet crude oil? Arkansas sweet crude oil is a type of light crude oil that is produced in the state of Arkansas. It is known for its low sulfur content and is considered to be of a high quality.
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What are the characteristics of Arkansas sweet crude oil? Arkansas sweet crude oil is characterized by its low sulfur content, low viscosity, and low acidity levels, which make it a desirable product for refining into gasoline, diesel, and other petroleum products.
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How is Arkansas sweet crude oil produced? Arkansas sweet crude oil is produced in the Fayetteville Shale region of Arkansas through the process of hydraulic fracturing, or fracking. The fracking process involves injecting a mixture of water, sand, and chemicals into the shale rock at high pressure, which creates cracks in the rock and allows the oil and natural gas to flow out.
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Why is Arkansas sweet crude oil considered to be of a high quality? Arkansas sweet crude oil is considered to be of a high quality because of its low sulfur content, which makes it easier and less expensive to refine into gasoline, diesel, and other petroleum products. Additionally, the low viscosity and low acidity levels of this type of crude oil make it easier to transport and less corrosive, which also helps to reduce costs associated with refining and transportation.
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What makes Arkansas sweet crude oil valuable in the oil industry? Arkansas sweet crude oil is valuable in the oil industry due to its high quality and low sulfur content, which makes it easier and less expensive to refine and transport. The production of this type of crude oil is made possible by hydraulic fracturing in the Fayetteville Shale region of Arkansas, making it a premium product in the industry.
Sources of Information About Arkansas Sweet Crude Oil
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Arkansas Oil and Gas Commission: The Arkansas Oil and Gas Commission is a state agency that is responsible for regulating the exploration, development, and production of oil and natural gas in Arkansas. This agency provides information about Arkansas sweet crude oil, as well as other types of crude oil and natural gas produced in the state.
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U.S. Energy Information Administration: The U.S. Energy Information Administration (EIA) is a federal agency that is responsible for providing data, forecasts, and analyses on energy production, consumption, and prices in the United States. The EIA provides detailed information about Arkansas sweet crude oil, as well as other types of crude oil and natural gas produced in the United States.
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Arkansas Oil and Gas Association: The Arkansas Oil and Gas Association is a trade organization that represents the interests of the oil and natural gas industry in Arkansas. This organization provides information about the production and development of Arkansas sweet crude oil, as well as other types of crude oil and natural gas produced in the state.
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Fayetteville Shale Play: The Fayetteville Shale Play is a natural gas and oil producing region located in Arkansas. This region is the primary source of Arkansas sweet crude oil and is a significant contributor to the state's oil and natural gas production. The Fayetteville Shale Play provides information about the exploration and development of Arkansas sweet crude oil and other types of crude oil and natural gas in the region.
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OilPrice.com: OilPrice.com is a leading source of information about the global oil and natural gas industry. This website provides up-to-date information about the production and price of Arkansas sweet crude oil, as well as other types of crude oil and natural gas produced in the United States and around the world.
