East Texas Sweet
East Texas Sweet Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $72 | 530 | 538 | 1.72 |
| 2023-02-15 | $73 | 531 | 540 | 1.73 |
| 2023-02-14 | $73 | 535 | 544 | 1.74 |
| 2023-02-13 | $74 | 542 | 551 | 1.76 |
| 2023-02-10 | $74 | 539 | 548 | 1.75 |
| 2023-02-09 | $72 | 528 | 536 | 1.71 |
| 2023-02-08 | $72 | 530 | 538 | 1.72 |
| 2023-02-07 | $71 | 519 | 527 | 1.68 |
| 2023-02-06 | $68 | 497 | 505 | 1.61 |
| 2023-02-03 | $67 | 491 | 499 | 1.6 |
| 2023-02-02 | $70 | 509 | 518 | 1.65 |
| 2023-02-01 | $70 | 515 | 523 | 1.67 |
| 2023-01-31 | $73 | 533 | 542 | 1.73 |
| 2023-01-30 | $72 | 526 | 535 | 1.71 |
| 2023-01-27 | $74 | 539 | 548 | 1.75 |
| 2023-01-26 | $75 | 548 | 557 | 1.78 |
| 2023-01-25 | $74 | 541 | 549 | 1.76 |
| 2023-01-24 | $74 | 541 | 549 | 1.76 |
| 2023-01-19 | $74 | 542 | 551 | 1.76 |
| 2023-01-18 | $73 | 537 | 546 | 1.74 |
| 2023-01-17 | $74 | 541 | 549 | 1.76 |
| 2023-01-13 | $74 | 539 | 548 | 1.75 |
| 2023-01-12 | $72 | 528 | 536 | 1.71 |
| 2023-01-11 | $71 | 522 | 531 | 1.7 |
| 2023-01-10 | $69 | 506 | 514 | 1.64 |
| 2023-01-09 | $69 | 502 | 510 | 1.63 |
| 2023-01-06 | $68 | 495 | 503 | 1.61 |
| 2023-01-05 | $67 | 493 | 501 | 1.6 |
| 2023-01-04 | $67 | 487 | 495 | 1.58 |
| 2023-01-03 | $71 | 519 | 527 | 1.68 |
East Texas Sweet Historical price
- In 2017 maximum price $54 per bbl (2017-12-28)
- In 2018 maximum price $39 per bbl (2018-12-31)
- In 2019 maximum price $55 per bbl (2019-12-31)
- In 2020 maximum price $42 per bbl (2020-12-31)
- In 2021 maximum price $71 per bbl (2021-12-30)
- In 2022 maximum price $74 per bbl (2022-12-30)
- In 2023 maximum price $72 per bbl (2023-02-16)
East Texas Sweet Crude Oil: An In-Depth Look
Crude oil is one of the most important and valuable resources in the world, and East Texas sweet crude oil is no exception. This particular type of oil is highly sought after due to its high quality, low sulfur content, and its proximity to major refining centers. In this article, we will take a closer look at what makes East Texas sweet crude oil so special, the history of its production, and the impact it has on the global oil market.
The Characteristics of East Texas Sweet Crude Oil
East Texas sweet crude oil is a light, sweet crude oil that is extracted from the East Texas oil field. It is prized for its low sulfur content, which makes it easier and cheaper to refine into gasoline, diesel, and other petroleum products. The oil is also relatively light, which means it has a low density and a low viscosity, making it easier to transport and refine.
In addition to its low sulfur content and light weight, East Texas sweet crude oil is also known for its high quality. This is because the oil is sourced from one of the largest and most productive oil fields in the United States. The oil field contains a large number of high-yielding wells, which produce a steady stream of high-quality crude oil.
The History of East Texas Sweet Crude Oil Production
The East Texas oil field was discovered in 1930 and began producing oil in the early 1930s. The field was initially operated by several independent oil companies, but by the 1950s, the majority of the oil production in the field was controlled by a few large oil companies.
Over the years, the production of East Texas sweet crude oil has remained steady, making it one of the most reliable sources of crude oil in the United States. Despite fluctuations in global oil prices, the oil field continues to be one of the most productive in the country, providing a stable source of high-quality crude oil to refineries across the country.
The Impact of East Texas Sweet Crude Oil on the Global Oil Market
East Texas sweet crude oil is a major player in the global oil market, with its high-quality, low-sulfur content, and proximity to major refining centers making it a highly sought-after resource. The oil is particularly important to the United States, where it is used to produce a significant portion of the country's gasoline, diesel, and other petroleum products.
In addition to its domestic impact, East Texas sweet crude oil also has a significant impact on the global oil market. The oil is traded on global oil markets and its price is used as a benchmark for the pricing of other light, sweet crude oils. As a result, changes in the price of East Texas sweet crude oil can have a significant impact on the prices of other types of crude oil, as well as on the prices of gasoline, diesel, and other petroleum products.
Conclusion
In conclusion, East Texas sweet crude oil is a highly valued resource that has a significant impact on the global oil market. Its low sulfur content, high quality, and proximity to major refining centers make it a sought-after commodity, and its price is used as a benchmark for the pricing of other light, sweet crude oils. Whether you are an oil industry professional or simply someone who is interested in the energy market, it is important to understand the importance of East Texas sweet crude oil and the impact it has on the world around us.
East Texas Sweet Crude Oil: An In-Depth Look
Crude oil is one of the most important and valuable resources in the world, and East Texas sweet crude oil is no exception. This particular type of oil is highly sought after due to its high quality, low sulfur content, and its proximity to major refining centers. In this article, we will take a closer look at what makes East Texas sweet crude oil so special, the history of its production, and the impact it has on the global oil market.
The Characteristics of East Texas Sweet Crude Oil
East Texas sweet crude oil is a light, sweet crude oil that is extracted from the East Texas oil field. It is prized for its low sulfur content, which makes it easier and cheaper to refine into gasoline, diesel, and other petroleum products. The oil is also relatively light, which means it has a low density and a low viscosity, making it easier to transport and refine.
In addition to its low sulfur content and light weight, East Texas sweet crude oil is also known for its high quality. This is because the oil is sourced from one of the largest and most productive oil fields in the United States. The oil field contains a large number of high-yielding wells, which produce a steady stream of high-quality crude oil.
The History of East Texas Sweet Crude Oil Production
The East Texas oil field was discovered in 1930 and began producing oil in the early 1930s. The field was initially operated by several independent oil companies, but by the 1950s, the majority of the oil production in the field was controlled by a few large oil companies.
Over the years, the production of East Texas sweet crude oil has remained steady, making it one of the most reliable sources of crude oil in the United States. Despite fluctuations in global oil prices, the oil field continues to be one of the most productive in the country, providing a stable source of high-quality crude oil to refineries across the country.
The Impact of East Texas Sweet Crude Oil on the Global Oil Market
East Texas sweet crude oil is a major player in the global oil market, with its high-quality, low-sulfur content, and proximity to major refining centers making it a highly sought-after resource. The oil is particularly important to the United States, where it is used to produce a significant portion of the country's gasoline, diesel, and other petroleum products.
In addition to its domestic impact, East Texas sweet crude oil also has a significant impact on the global oil market. The oil is traded on global oil markets and its price is used as a benchmark for the pricing of other light, sweet crude oils. As a result, changes in the price of East Texas sweet crude oil can have a significant impact on the prices of other types of crude oil, as well as on the prices of gasoline, diesel, and other petroleum products.
FAQs About East Texas Sweet Crude Oil
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What makes East Texas sweet crude oil so special? East Texas sweet crude oil is special due to its low sulfur content, light weight, and high quality. The oil is sourced from one of the largest and most productive oil fields in the United States and is prized for its ease of refining and transport.
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When was the East Texas oil field discovered? The East Texas oil field was discovered in 1930.
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Who operates the East Texas oil field? The East Texas oil field is operated by several large oil companies.
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What is the impact of East Texas sweet crude oil on the United States? East
Texas sweet crude oil is a major player in the domestic energy market, providing a stable source of high-quality crude oil for the production of gasoline, diesel, and other petroleum products. Its proximity to major refining centers also helps to reduce transportation costs and increase efficiency.
- What is the impact of East Texas sweet crude oil on the global oil market? East Texas sweet crude oil is a key player in the global oil market, with its price serving as a benchmark for the pricing of other light, sweet crude oils. Changes in the price of East Texas sweet crude oil can have a significant impact on the prices of other types of crude oil, as well as on the prices of gasoline, diesel, and other petroleum products.
In conclusion, East Texas sweet crude oil is a highly valuable and important resource, both domestically and globally. Its low sulfur content, light weight, and high quality make it a sought-after resource in the energy industry, while its proximity to major refining centers and steady production make it a reliable source of crude oil.
For more information on East Texas sweet crude oil, please visit the Energy Information Administration's website.
