Basrah Heavy
Basrah Heavy Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-17 | $74 | 544 | 553 | 1.77 |
| 2023-02-16 | $76 | 559 | 568 | 1.82 |
| 2023-02-15 | $75 | 551 | 561 | 1.79 |
| 2023-02-14 | $77 | 561 | 571 | 1.82 |
| 2023-02-13 | $76 | 556 | 565 | 1.8 |
| 2023-02-10 | $74 | 544 | 552 | 1.77 |
| 2023-02-09 | $75 | 549 | 558 | 1.78 |
| 2023-02-08 | $74 | 541 | 550 | 1.76 |
| 2023-02-07 | $72 | 529 | 538 | 1.72 |
| 2023-02-06 | $70 | 513 | 522 | 1.67 |
| 2023-02-03 | $72 | 529 | 538 | 1.72 |
| 2023-02-02 | $73 | 536 | 544 | 1.74 |
| 2023-02-01 | $75 | 550 | 559 | 1.79 |
| 2023-01-31 | $74 | 544 | 553 | 1.77 |
| 2023-01-30 | $76 | 556 | 565 | 1.81 |
| 2023-01-27 | $77 | 566 | 576 | 1.84 |
| 2023-01-26 | $76 | 559 | 569 | 1.82 |
| 2023-01-25 | $76 | 560 | 570 | 1.82 |
| 2023-01-24 | $78 | 570 | 579 | 1.85 |
| 2023-01-23 | $78 | 569 | 578 | 1.85 |
| 2023-01-20 | $77 | 562 | 571 | 1.82 |
| 2023-01-19 | $74 | 546 | 555 | 1.77 |
| 2023-01-18 | $77 | 566 | 575 | 1.84 |
| 2023-01-17 | $75 | 551 | 560 | 1.79 |
| 2023-01-16 | $74 | 545 | 554 | 1.77 |
| 2023-01-13 | $73 | 538 | 547 | 1.75 |
| 2023-01-12 | $72 | 531 | 540 | 1.72 |
| 2023-01-11 | $69 | 508 | 517 | 1.65 |
| 2023-01-10 | $69 | 507 | 515 | 1.65 |
| 2023-01-06 | $68 | 501 | 510 | 1.63 |
Basrah Heavy Historical price
- In 2017 maximum price $58 per bbl (2017-12-26)
- In 2018 maximum price $48 per bbl (2018-12-26)
- In 2019 maximum price $65 per bbl (2019-12-26)
- In 2020 maximum price $49 per bbl (2020-12-25)
- In 2021 maximum price $72 per bbl (2021-12-24)
- In 2022 maximum price $74 per bbl (2022-12-26)
- In 2023 maximum price $74 per bbl (2023-02-17)
Basrah Heavy Crude Oil: Understanding its Characteristics and Importance
Crude oil is a valuable natural resource that is used as a raw material for producing various forms of energy. There are different types of crude oil, each with its own unique characteristics that impact its value, production, and usage. Basrah Heavy crude oil is one such type of crude oil that is known for its high density and viscosity. In this article, we will delve into the details of Basrah Heavy crude oil, its production, and importance in the global oil market.
Characteristics of Basrah Heavy Crude Oil
Basrah Heavy crude oil is a type of crude oil that is extracted from the southern region of Iraq, in the vicinity of the city of Basrah. It is a heavy, dense oil with a high sulfur content and high viscosity, making it one of the thickest types of crude oil available in the world. Due to its high density, it requires a lot of energy to refine and process into usable products such as gasoline, diesel, and kerosene.
Basrah Heavy crude oil also contains a high level of impurities, including heavy metals and acid, that must be removed through a refining process. Despite these challenges, Basrah Heavy crude oil is an important resource for the global oil market, as it is a reliable source of energy that is in high demand.
Production of Basrah Heavy Crude Oil
Basrah Heavy crude oil is produced by the state-owned oil company, the South Oil Company (SOC), which operates several oil fields in the southern region of Iraq. These oil fields are capable of producing over 3 million barrels of crude oil per day, making Iraq one of the largest oil-producing countries in the world.
The production process for Basrah Heavy crude oil begins with the extraction of the crude oil from the oil fields. This is followed by a series of refining and processing steps that remove impurities and convert the crude oil into usable products. These products are then transported to market, where they are sold to customers around the world.
Importance of Basrah Heavy Crude Oil
Basrah Heavy crude oil plays an important role in the global oil market, providing a reliable source of energy to customers around the world. It is used as a raw material for producing various forms of energy, including gasoline, diesel, and kerosene, which are essential for powering transportation, heating, and other essential activities.
In addition, the production of Basrah Heavy crude oil provides significant economic benefits to the region, creating jobs and generating income for local communities. The oil industry is also a major contributor to the development of infrastructure in the region, including roads, ports, and other facilities that are essential for the production and transportation of oil.
Basrah Heavy crude oil is also important for the security of the global oil market, as it provides a source of energy that is not subject to geopolitical tensions and supply disruptions. This helps to ensure the stability of energy prices and helps to prevent supply chain disruptions that can impact the global economy.
Conclusion
Basrah Heavy crude oil is a unique and important type of crude oil that has a major impact on the global oil market. With its high density and viscosity, it requires a lot of energy to refine and process, but its high demand and reliability make it an essential resource for producing various forms of energy. Additionally, the production of Basrah Heavy crude oil provides significant economic benefits to the region and helps to ensure the stability of the global oil market.
Frequently Asked Questions about Basrah Heavy Crude Oil
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What is Basrah Heavy Crude Oil? Basrah Heavy crude oil is a type of crude oil that is extracted from the southern region of Iraq, in the vicinity of the city of Basrah. It is known for its high density, high viscosity, and high sulfur content.
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How is Basrah Heavy Crude Oil produced? Basrah Heavy crude oil is produced by the state-owned South Oil Company (SOC), which operates several oil fields in the southern region of Iraq. The production process involves the extraction of crude oil from the oil fields, followed by refining and processing to remove impurities and convert the crude oil into usable products.
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Why is Basrah Heavy Crude Oil important? Basrah Heavy crude oil provides a reliable source of energy that is in high demand and is used as a raw material for producing various forms of energy, including gasoline, diesel, and kerosene. It also provides significant economic benefits to the region and helps to ensure the stability of the global oil market.
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How does the production of Basrah Heavy Crude Oil benefit the region? The production of Basrah Heavy crude oil creates jobs and generates income for local communities, and contributes to the development of infrastructure in the region, including roads, ports, and other facilities essential for the production and transportation of oil.
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What is the impact of Basrah Heavy Crude Oil on the global oil market? Basrah Heavy crude oil is an important resource for the global oil market, providing a source of energy that is not subject to geopolitical tensions and supply disruptions. This helps to ensure the stability of energy prices and helps to prevent supply chain disruptions that can impact the global economy.
In conclusion,
Basrah Heavy crude oil is a unique and valuable resource for the global oil market. With its high density and viscosity, it requires a lot of energy to refine and process, but its reliability and importance as a source of energy make it an essential resource for the global oil market. The production of Basrah Heavy crude oil provides significant economic benefits to the region, and its impact on the global oil market helps to ensure the stability of energy prices and prevent supply chain disruptions.
Sources
The information in this article was gathered from several reputable sources, including industry reports and government publications. For further reading on Basrah Heavy crude oil and its impact on the global oil market, we recommend the following sources:
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South Oil Company (SOC): The official website of the South Oil Company provides detailed information on the production of Basrah Heavy crude oil, including data on production levels, refining processes, and economic benefits.
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The Ministry of Oil, Iraq: The Ministry of Oil, Iraq provides comprehensive information on the oil industry in Iraq, including information on the production and export of crude oil, as well as updates on the development of the industry.
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The US Energy Information Administration (EIA): The EIA provides up-to-date information on the energy markets, including data on oil production and consumption, as well as analysis on the impact of oil on the global economy.
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The International Energy Agency (IEA): The IEA provides a comprehensive overview of the global oil market, including data on oil production, consumption, and trade, as well as analysis on the impact of oil on the global economy.
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The Organization of the Petroleum Exporting Countries (OPEC): OPEC provides information on the oil market, including data on production, consumption, and trade, as well as analysis on the impact of oil on the global economy.
These sources provide a wealth of information on Basrah Heavy crude oil, and can help provide a more complete understanding of its importance to the global oil market and its impact on the region.
