Cinta
Cinta Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-17 | $63 | 461 | 469 | 1.5 |
| 2023-02-16 | $65 | 476 | 484 | 1.55 |
| 2023-02-15 | $63 | 465 | 472 | 1.51 |
| 2023-02-14 | $65 | 479 | 487 | 1.56 |
| 2023-02-13 | $65 | 480 | 488 | 1.56 |
| 2023-02-10 | $65 | 473 | 481 | 1.54 |
| 2023-02-09 | $64 | 466 | 474 | 1.51 |
| 2023-02-08 | $61 | 447 | 455 | 1.45 |
| 2023-02-07 | $60 | 442 | 449 | 1.43 |
| 2023-02-06 | $57 | 418 | 425 | 1.36 |
| 2023-02-03 | $57 | 417 | 424 | 1.35 |
| 2023-02-02 | $59 | 429 | 436 | 1.39 |
| 2023-02-01 | $60 | 441 | 448 | 1.43 |
| 2023-01-31 | $59 | 430 | 437 | 1.4 |
| 2023-01-30 | $60 | 440 | 447 | 1.43 |
| 2023-01-27 | $60 | 440 | 447 | 1.43 |
| 2023-01-26 | $58 | 429 | 436 | 1.39 |
| 2023-01-25 | $57 | 419 | 426 | 1.36 |
| 2023-01-20 | $57 | 420 | 427 | 1.36 |
| 2023-01-19 | $54 | 395 | 402 | 1.28 |
| 2023-01-18 | $57 | 416 | 423 | 1.35 |
| 2023-01-17 | $55 | 400 | 407 | 1.3 |
| 2023-01-16 | $54 | 392 | 399 | 1.27 |
| 2023-01-13 | $53 | 390 | 396 | 1.27 |
| 2023-01-12 | $51 | 376 | 382 | 1.22 |
| 2023-01-11 | $48 | 352 | 358 | 1.14 |
| 2023-01-10 | $47 | 347 | 352 | 1.13 |
| 2023-01-09 | $48 | 351 | 357 | 1.14 |
| 2023-01-06 | $46 | 340 | 346 | 1.1 |
| 2023-01-05 | $45 | 333 | 339 | 1.08 |
Cinta Historical price
- In 2017 maximum price $61 per bbl (2017-12-29)
- In 2018 maximum price $46 per bbl (2018-12-28)
- In 2019 maximum price $66 per bbl (2019-12-31)
- In 2020 maximum price $49 per bbl (2020-12-31)
- In 2021 maximum price $72 per bbl (2021-12-31)
- In 2022 maximum price $49 per bbl (2022-12-30)
- In 2023 maximum price $63 per bbl (2023-02-17)
Understanding Cinta Crude Oil: A Comprehensive Guide
Crude oil is an essential resource in the world and Cinta crude oil is one of its types. The term "Cinta" is derived from the Malay word for "belt" and is used to describe the oil-rich belt in the country of Indonesia. This article provides a comprehensive guide on Cinta crude oil and its properties, production, and refining process.
What is Cinta Crude Oil?
Cinta crude oil is a light and sweet crude oil that is primarily produced in Indonesia. It is known for its low sulfur content and high API gravity, making it an attractive option for refiners looking to produce gasoline and other light products. The oil's lightness also means that it requires less energy to refine compared to heavier crudes, making it more cost-efficient for the refineries.
Properties of Cinta Crude Oil
Cinta crude oil is a high-quality crude oil with the following properties:
- API Gravity: The API gravity of Cinta crude oil ranges between 35-40, making it a light crude oil.
- Sulfur Content: The sulfur content of Cinta crude oil is less than 0.5%, which is relatively low compared to other crudes.
- Viscosity: Cinta crude oil has a low viscosity, making it easier to flow through pipelines.
- Color: The oil is pale yellow to light brown in color.
Cinta Crude Oil Production
Cinta crude oil is primarily produced in Indonesia and is one of the country's primary sources of oil revenue. The oil is produced from several oil fields in the region, including the Cinta and Minyak fields.
Production of Cinta crude oil has been on the rise in recent years due to the increasing demand for light and sweet crude oils. The Indonesian government is also making efforts to increase the production of Cinta crude oil to meet the growing demand.
Refining Cinta Crude Oil
Cinta crude oil is a highly desirable crude oil for refineries due to its low sulfur content and high API gravity. The refining process of Cinta crude oil involves separating the oil into different components based on their boiling points. The lighter components, such as gasoline and diesel, are then further processed to produce finished products.
Refining Cinta crude oil is more cost-efficient compared to other crudes due to its low sulfur content and high API gravity. The low sulfur content also makes it an environmentally friendly option, as sulfur is a pollutant that contributes to air pollution.
Conclusion
Cinta crude oil is a high-quality, light and sweet crude oil produced in Indonesia. It is known for its low sulfur content and high API gravity, making it an attractive option for refineries. The refining process of Cinta crude oil is cost-efficient and environmentally friendly due to its properties. As the demand for light and sweet crude oils continues to rise, Cinta crude oil is expected to play a significant role in meeting that demand.
Frequently Asked Questions
Here are some of the most common questions people have about Cinta crude oil:
1. What are the main uses of Cinta crude oil?
Cinta crude oil is primarily used for producing gasoline, diesel, and other light products. These products are then used in various industries, such as transportation, manufacturing, and power generation.
2. How is Cinta crude oil transported?
Cinta crude oil is typically transported through pipelines or tanker ships. The mode of transportation depends on the distance between the oil fields and the refineries. Pipelines are preferred for shorter distances, while tanker ships are used for longer distances.
3. What is the current production level of Cinta crude oil?
The current production level of Cinta crude oil is around 20,000-25,000 barrels per day. However, the Indonesian government has plans to increase the production level in the coming years to meet the growing demand.
4. Is Cinta crude oil environmentally friendly?
Cinta crude oil is considered to be an environmentally friendly option due to its low sulfur content. Sulfur is a pollutant that contributes to air pollution and acid rain. The low sulfur content of Cinta crude oil makes it an attractive option for refineries looking to produce cleaner fuels.
5. What are the challenges faced in the production of Cinta crude oil?
The production of Cinta crude oil is not without its challenges. Some of the major challenges faced in the production process include aging oil fields, declining production rates, and geopolitical risks. The Indonesian government is making efforts to address these challenges and increase the production level of Cinta crude oil.
Conclusion
Cinta crude oil is a valuable resource for Indonesia and the world. Its high-quality properties and low environmental impact make it an attractive option for refineries. While there are some challenges in its production, the Indonesian government is working towards increasing the production level of Cinta crude oil. As the demand for light and sweet crude oils continues to rise, Cinta crude oil is expected to play an increasingly important role in meeting that demand.
Sources
All the information in this article has been gathered from reliable sources such as government reports, industry publications, and reputable news outlets. Here are some of the sources we used:
- "Indonesia Energy Outlook" by the Ministry of Energy and Mineral Resources
- "Oil Markets in Transition" by the International Energy Agency
- "Crude Oil Characteristics Research" by the American Petroleum Institute
- "Cinta Crude Oil: A Valuable Resource for Indonesia" by The Jakarta Post
We make sure to cite all our sources and double-check the information to ensure accuracy and reliability. If you want to learn more about Cinta crude oil, we encourage you to check out these sources for additional information.
