Basrah Light
Basrah Light Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2022-12-31 | $76 | 558 | 567 | 1.81 |
| 2022-11-30 | $86 | 628 | 638 | 2.04 |
| 2022-10-31 | $89 | 656 | 666 | 2.13 |
| 2022-08-31 | $98 | 716 | 728 | 2.33 |
| 2022-07-31 | $105 | 772 | 785 | 2.51 |
| 2022-06-01 | $116 | 847 | 861 | 2.75 |
| 2022-05-01 | $112 | 820 | 834 | 2.66 |
| 2022-03-01 | $112 | 822 | 836 | 2.67 |
| 2022-02-01 | $92 | 678 | 689 | 2.2 |
| 2022-01-31 | $85 | 622 | 632 | 2.02 |
| 2021-12-31 | $74 | 543 | 552 | 1.76 |
| 2021-11-30 | $80 | 584 | 593 | 1.9 |
| 2021-09-01 | $74 | 541 | 549 | 1.76 |
| 2021-08-01 | $70 | 516 | 524 | 1.68 |
| 2021-07-01 | $73 | 538 | 547 | 1.75 |
| 2021-06-01 | $72 | 526 | 535 | 1.71 |
| 2021-05-01 | $67 | 491 | 499 | 1.59 |
| 2021-04-01 | $63 | 465 | 473 | 1.51 |
| 2021-03-01 | $65 | 478 | 486 | 1.55 |
| 2021-02-01 | $61 | 450 | 457 | 1.46 |
| 2020-12-01 | $50 | 366 | 372 | 1.19 |
| 2020-11-01 | $43 | 316 | 321 | 1.03 |
| 2020-10-01 | $41 | 298 | 302 | 0.97 |
| 2020-09-01 | $42 | 309 | 314 | 1 |
| 2020-08-01 | $46 | 338 | 343 | 1.1 |
| 2020-07-01 | $45 | 327 | 332 | 1.06 |
| 2020-06-01 | $37 | 273 | 277 | 0.89 |
| 2020-05-01 | $25 | 181 | 184 | 0.59 |
| 2020-04-01 | $17 | 123 | 125 | 0.4 |
| 2020-02-01 | $55 | 401 | 408 | 1.3 |
Basrah Light Historical price
- In 2017 maximum price $61 per bbl (2017-12-01)
- In 2018 maximum price $56 per bbl (2018-12-01)
- In 2019 maximum price $66 per bbl (2019-12-01)
- In 2020 maximum price $50 per bbl (2020-12-01)
- In 2021 maximum price $74 per bbl (2021-12-31)
- In 2022 maximum price $76 per bbl (2022-12-31)
Basrah Light Crude Oil: Understanding its Properties, Refining, and Usage
Introduction
Basrah Light crude oil is one of the most widely produced and traded oil grades in the world, originating from Iraq and considered to be of high quality due to its low sulfur and acid content. This oil grade is known for its excellent refining properties and has become a benchmark for pricing crude oil in the Middle East. In this article, we will delve deeper into the properties, refining, and usage of Basrah Light crude oil.
Properties of Basrah Light Crude Oil
Basrah Light crude oil has a low density and high API gravity, making it highly sought after by refineries. Its low sulfur content ensures low emissions and less pollution, making it an environmentally friendly option. Furthermore, its low acid content reduces the need for additional processing, leading to lower refining costs.
Refining of Basrah Light Crude Oil
Basrah Light crude oil is considered to be highly desirable for refining due to its properties. Its high API gravity and low sulfur content make it relatively easy to refine into various products, such as gasoline, diesel, and jet fuel. This oil grade is also known to produce a high yield of naphtha, which is an important feedstock for petrochemical production.
Usage of Basrah Light Crude Oil
Basrah Light crude oil is widely used in many countries as a benchmark for pricing crude oil. Additionally, its excellent refining properties make it a popular choice for refining into various products, including gasoline, diesel, and jet fuel. Its high yield of naphtha also makes it an important feedstock for the petrochemical industry, which is responsible for producing a range of products, including plastics, synthetic fibers, and rubber.
Conclusion
In conclusion, Basrah Light crude oil is a high-quality oil grade that is widely produced and traded globally. Its low density, low sulfur, and low acid content make it an attractive option for refining into various products, and its high API gravity ensures that it is easily processed. With its environmental benefits and versatility, it is no wonder that Basrah Light crude oil is a benchmark for pricing crude oil in the Middle East.
Frequently Asked Questions About Basrah Light Crude Oil
1. What makes Basrah Light crude oil so desirable?
Basrah Light crude oil is desirable due to its low density, high API gravity, and low sulfur and acid content. These properties make it easier to refine into various products, such as gasoline, diesel, and jet fuel, and also reduce emissions and pollution.
2. Where does Basrah Light crude oil originate from?
Basrah Light crude oil originates from Iraq and is widely produced and traded globally.
3. How is Basrah Light crude oil used?
Basrah Light crude oil is used as a benchmark for pricing crude oil in the Middle East and is also popular for refining into various products, including gasoline, diesel, and jet fuel. Its high yield of naphtha also makes it an important feedstock for the petrochemical industry.
4. Does Basrah Light crude oil have any environmental benefits?
Yes, Basrah Light crude oil is considered to be environmentally friendly due to its low sulfur content, which results in lower emissions and less pollution. Its low acid content also reduces the need for additional processing, leading to lower refining costs.
5. Why is Basrah Light crude oil considered to be of high quality?
Basrah Light crude oil is considered to be of high quality due to its low sulfur and acid content, making it easier to refine and leading to lower emissions and pollution. Its high API gravity and low density also make it an attractive option for refining into various products.
Additional Resources
For more information on Basrah Light crude oil, its properties, refining, and usage, we recommend the following resources:
- OPEC: Basrah Light crude oil profile
- Oil Price: Basrah Light crude oil information
- U.S. Energy Information Administration: Iraq crude oil production
These resources provide comprehensive and up-to-date information on Basrah Light crude oil, including its production and pricing, as well as information on the refining and usage of this oil grade.
