Iran Light
Iran Light Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $83 | 609 | 619 | 1.98 |
| 2023-02-15 | $82 | 604 | 614 | 1.96 |
| 2023-02-14 | $83 | 610 | 620 | 1.98 |
| 2023-02-13 | $84 | 614 | 624 | 1.99 |
| 2023-02-10 | $84 | 613 | 623 | 1.99 |
| 2023-02-09 | $82 | 602 | 612 | 1.96 |
| 2023-02-08 | $82 | 601 | 611 | 1.95 |
| 2023-02-07 | $80 | 589 | 599 | 1.91 |
| 2023-02-06 | $78 | 572 | 581 | 1.86 |
| 2023-02-03 | $79 | 581 | 591 | 1.89 |
| 2023-02-02 | $80 | 588 | 597 | 1.91 |
| 2023-02-01 | $82 | 601 | 611 | 1.95 |
| 2023-01-31 | $82 | 602 | 611 | 1.95 |
| 2023-01-30 | $84 | 613 | 623 | 1.99 |
| 2023-01-27 | $85 | 624 | 635 | 2.03 |
| 2023-01-26 | $84 | 615 | 625 | 2 |
| 2023-01-25 | $85 | 623 | 633 | 2.02 |
| 2023-01-24 | $86 | 630 | 641 | 2.05 |
| 2023-01-19 | $83 | 608 | 618 | 1.98 |
| 2023-01-18 | $84 | 619 | 629 | 2.01 |
| 2023-01-17 | $83 | 611 | 621 | 1.98 |
| 2023-01-16 | $82 | 603 | 612 | 1.96 |
| 2023-01-13 | $82 | 603 | 613 | 1.96 |
| 2023-01-12 | $81 | 597 | 606 | 1.94 |
| 2023-01-11 | $79 | 581 | 590 | 1.89 |
| 2023-01-10 | $78 | 568 | 578 | 1.85 |
| 2023-01-09 | $78 | 572 | 581 | 1.86 |
| 2023-01-06 | $77 | 564 | 573 | 1.83 |
| 2023-01-05 | $77 | 561 | 570 | 1.82 |
| 2023-01-04 | $77 | 565 | 574 | 1.84 |
Iran Light Historical price
- In 2017 maximum price $64 per bbl (2017-12-29)
- In 2018 maximum price $51 per bbl (2018-12-27)
- In 2019 maximum price $64 per bbl (2019-12-31)
- In 2020 maximum price $49 per bbl (2020-12-31)
- In 2021 maximum price $76 per bbl (2021-12-31)
- In 2022 maximum price $82 per bbl (2022-12-30)
- In 2023 maximum price $83 per bbl (2023-02-16)
Iran Light Crude Oil: The Most Sought After Petroleum Product
Iran is known for its vast oil reserves, which have made it one of the largest oil producers in the world. Iran light crude oil is one of the most sought after petroleum products due to its high quality and low density. In this article, we will take a closer look at Iran light crude oil, its production, and its market demand.
Characteristics of Iran Light Crude Oil
Iran light crude oil is a type of petroleum that has a low density and high API gravity, which makes it a highly desirable product for refining into gasoline and other products. It is also relatively low in sulfur content, which is an important factor in the refining process. Additionally, Iran light crude oil has a low viscosity, which makes it easier to pump and transport than heavier crudes.
Production and Supply of Iran Light Crude Oil
Iran has the capacity to produce over 4 million barrels of crude oil per day, with a significant portion of that production being light crude oil. The majority of Iran's light crude oil production takes place in the southwestern region of the country, where there are large oil fields with high-quality light crude reserves.
Despite its abundant reserves, the production and export of Iran light crude oil has been limited by international sanctions and embargoes. However, with the recent lifting of some of these sanctions, Iran has been able to increase its crude oil exports, including its highly sought after light crude oil.
Market Demand for Iran Light Crude Oil
Iran light crude oil is in high demand due to its high quality and low density, which make it a valuable product for refining into gasoline and other products. It is particularly popular in Asia, where there is a growing demand for gasoline and other refined products. In recent years, the demand for light crude oil has increased significantly, due to the growing economies of countries like China and India.
In addition to its popularity in Asia, Iran light crude oil is also in demand in Europe, where it is used to produce a variety of products, including diesel and aviation fuel. With the increasing demand for light crude oil and the recent lifting of international sanctions, Iran is poised to become one of the largest exporters of this highly sought after product.
Conclusion
Iran light crude oil is a highly sought after petroleum product due to its high quality and low density. With its vast reserves, Iran has the capacity to become one of the largest exporters of light crude oil. The lifting of international sanctions has opened the door for Iran to increase its exports, which will help to meet the growing demand for light crude oil in Asia and Europe.
Frequently Asked Questions about Iran Light Crude Oil
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What is Iran light crude oil? Iran light crude oil is a type of petroleum that is characterized by its low density, high API gravity, and low sulfur content. It is a valuable product for refining into gasoline and other products.
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Where is Iran light crude oil produced? The majority of Iran's light crude oil production takes place in the southwestern region of the country, where there are large oil fields with high-quality light crude reserves.
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What are the benefits of Iran light crude oil? Iran light crude oil is highly desirable due to its high quality, low density, and low sulfur content. These properties make it easier to refine into gasoline and other products.
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Is there a demand for Iran light crude oil? Yes, there is a growing demand for Iran light crude oil, particularly in Asia and Europe. The demand for light crude oil has increased significantly in recent years due to the growing economies of countries like China and India.
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Has the production of Iran light crude oil been affected by international sanctions? Yes, the production and export of Iran light crude oil have been limited by international sanctions and embargoes. However, with the recent lifting of some of these sanctions, Iran has been able to increase its crude oil exports, including its highly sought after light crude oil.
The Bottom Line
Iran light crude oil is a valuable product that is in high demand due to its high quality and low density. With its vast reserves and the recent lifting of international sanctions, Iran has the potential to become one of the largest exporters of light crude oil in the world. Whether you're a consumer, an investor, or an industry professional, it's important to understand the role that Iran light crude oil plays in the global petroleum market.
Sources
The information in this article was gathered from a variety of sources, including:
These sources provide a wealth of information about Iran light crude oil, including its production, export, and demand. By referring to these sources, you can gain a deeper understanding of this important product and its role in the global petroleum market.
