Es Sider
Es Sider Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2022-12-31 | $78 | 568 | 578 | 1.85 |
| 2022-11-30 | $91 | 669 | 680 | 2.17 |
| 2022-10-31 | $94 | 688 | 700 | 2.24 |
| 2022-08-31 | $101 | 742 | 754 | 2.41 |
| 2022-07-31 | $114 | 836 | 850 | 2.71 |
| 2022-06-01 | $125 | 916 | 931 | 2.98 |
| 2022-05-01 | $113 | 830 | 843 | 2.69 |
| 2022-03-01 | $118 | 864 | 878 | 2.81 |
| 2022-02-01 | $98 | 719 | 731 | 2.33 |
| 2022-01-31 | $86 | 632 | 642 | 2.05 |
| 2021-12-31 | $73 | 538 | 546 | 1.75 |
| 2021-11-30 | $80 | 589 | 598 | 1.91 |
| 2021-09-01 | $73 | 533 | 542 | 1.73 |
| 2021-08-01 | $69 | 509 | 517 | 1.65 |
| 2021-07-01 | $74 | 540 | 549 | 1.75 |
| 2021-06-01 | $71 | 521 | 529 | 1.69 |
| 2021-05-01 | $66 | 485 | 493 | 1.58 |
| 2021-04-01 | $62 | 455 | 463 | 1.48 |
| 2021-03-01 | $64 | 466 | 474 | 1.51 |
| 2021-02-01 | $61 | 446 | 453 | 1.45 |
| 2020-12-01 | $48 | 352 | 358 | 1.14 |
| 2020-11-01 | $40 | 295 | 300 | 0.96 |
| 2020-10-01 | $38 | 276 | 281 | 0.9 |
| 2020-09-01 | $39 | 287 | 292 | 0.93 |
| 2020-08-01 | $44 | 320 | 325 | 1.04 |
| 2020-07-01 | $42 | 309 | 314 | 1 |
| 2020-06-01 | $39 | 284 | 288 | 0.92 |
| 2020-05-01 | $25 | 180 | 183 | 0.58 |
| 2020-04-01 | $15 | 107 | 109 | 0.35 |
| 2020-02-01 | $55 | 401 | 407 | 1.3 |
Es Sider Historical price
- In 2017 maximum price $63 per bbl (2017-12-01)
- In 2018 maximum price $56 per bbl (2018-12-01)
- In 2019 maximum price $68 per bbl (2019-12-01)
- In 2020 maximum price $48 per bbl (2020-12-01)
- In 2021 maximum price $73 per bbl (2021-12-31)
- In 2022 maximum price $78 per bbl (2022-12-31)
Understanding Es Sider Crude Oil: A Comprehensive Guide
Es Sider crude oil is a high-quality light sweet crude oil that is extracted from the Es Sider oil field, located in the Gulf of Sidra, off the coast of Libya. The oil field was discovered in 1961 and has since become one of the largest crude oil reserves in the world.
Characteristics of Es Sider Crude Oil
Es Sider crude oil is known for its high quality, low sulfur content, and sweet taste. The oil has a low density and low viscosity, making it easier to refine into gasoline, diesel, and other high-demand petroleum products.
Additionally, Es Sider crude oil has a high American Petroleum Institute (API) gravity, which is a measure of the oil's density. A high API gravity indicates that the oil is light and has a low viscosity, making it easier to refine into gasoline and other products.
Importance of Es Sider Crude Oil
Es Sider crude oil is considered to be one of the most important crude oils in the world due to its high quality and large reserves. The oil is widely used in Europe, Asia, and North America and is a crucial component in the production of gasoline, diesel, and other petroleum products.
In addition to its practical uses, Es Sider crude oil also has significant economic value. The oil field is one of the largest crude oil reserves in the world and provides a significant source of revenue for the Libyan government. The sale of Es Sider crude oil has also helped to establish Libya as a major player in the global oil market.
Challenges in the Production and Distribution of Es Sider Crude Oil
Despite its importance, the production and distribution of Es Sider crude oil is not without challenges. The oil field is located in a politically unstable region, and production has been disrupted by conflict and unrest in the past. Additionally, the logistics of transporting the oil from the Gulf of Sidra to other parts of the world can be challenging and expensive.
Another issue facing the production and distribution of Es Sider crude oil is the decline in global oil demand. As the world shifts towards alternative sources of energy, the demand for crude oil, including Es Sider crude oil, has decreased. This has led to a decline in the price of oil, which has had a significant impact on the global oil market.
Conclusion
In conclusion, Es Sider crude oil is a high-quality light sweet crude oil that is extracted from the Es Sider oil field, located in the Gulf of Sidra, off the coast of Libya. The oil is known for its high quality, low sulfur content, and sweet taste and is considered to be one of the most important crude oils in the world. However, the production and distribution of Es Sider crude oil is not without challenges, including political instability, logistics, and declining global oil demand. Despite these challenges, the importance of Es Sider crude oil cannot be overstated and it will continue to play a significant role in the global oil market.
Frequently Asked Questions (FAQs)
What is the current production capacity of Es Sider crude oil?
A: The current production capacity of Es Sider crude oil is around 300,000 barrels per day. However, production levels have fluctuated due to political unrest and technical issues.
What is the export market for Es Sider crude oil?
A: Es Sider crude oil is exported to a variety of markets around the world, including Europe, Asia, and North America. The largest importers of Es Sider crude oil are Italy, France, and Spain.
How is Es Sider crude oil transported?
A: Es Sider crude oil is typically transported by tanker ships. The oil is loaded onto ships at the port of Es Sider and then transported to other parts of the world. Some of the largest tanker ships in the world are used to transport Es Sider crude oil.
How is the quality of Es Sider crude oil measured?
A: The quality of Es Sider crude oil is measured by a number of factors, including its sulfur content, density, and viscosity. These measurements are used to determine the oil's American Petroleum Institute (API) gravity and sulfur content, which are important indicators of the oil's quality and suitability for refining.
What is the outlook for Es Sider crude oil in the future?
A: The outlook for Es Sider crude oil is uncertain, as it is subject to a number of factors, including political instability, changes in global oil demand, and technical issues. However, the oil field is expected to continue to play a significant role in the global oil market in the coming years.
Sources of Information
In writing this article, we consulted a variety of sources to ensure accuracy and comprehensiveness. Some of the primary sources we used include:
- The official website of the National Oil Corporation of Libya, which provides detailed information on the Es Sider oil field and its production.
- Reports from industry experts, including the International Energy Agency, the Energy Information Administration, and the Organization of the Petroleum Exporting Countries (OPEC).
- News articles and reports from reputable media outlets, including Reuters, Bloomberg, and The New York Times.
We encourage readers to explore these sources for further information on Es Sider crude oil and the global oil market. By staying informed and up-to-date on the latest developments, investors and energy industry professionals can make informed decisions and stay ahead of the competition.
