Kuwait Export Blend
Kuwait Export Blend Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-15 | $84 | 619 | 629 | 2.01 |
| 2023-02-14 | $86 | 631 | 641 | 2.05 |
| 2023-02-13 | $85 | 627 | 637 | 2.04 |
| 2023-02-10 | $85 | 620 | 631 | 2.02 |
| 2023-02-08 | $83 | 609 | 619 | 1.98 |
| 2023-02-07 | $81 | 597 | 607 | 1.94 |
| 2023-02-06 | $79 | 582 | 591 | 1.89 |
| 2023-02-03 | $81 | 592 | 601 | 1.92 |
| 2023-02-01 | $85 | 620 | 630 | 2.01 |
| 2023-01-31 | $83 | 605 | 615 | 1.96 |
| 2023-01-30 | $85 | 620 | 631 | 2.02 |
| 2023-01-27 | $86 | 633 | 644 | 2.06 |
| 2023-01-25 | $86 | 629 | 639 | 2.04 |
| 2023-01-13 | $83 | 610 | 620 | 1.98 |
| 2023-01-11 | $79 | 579 | 588 | 1.88 |
| 2023-01-10 | $78 | 573 | 583 | 1.86 |
| 2023-01-09 | $79 | 581 | 590 | 1.89 |
| 2023-01-04 | $79 | 581 | 590 | 1.89 |
| 2023-01-03 | $84 | 618 | 628 | 2.01 |
| 2022-12-21 | $80 | 587 | 597 | 1.91 |
| 2022-12-14 | $80 | 586 | 596 | 1.9 |
| 2022-12-07 | $78 | 572 | 582 | 1.86 |
| 2022-12-06 | $81 | 595 | 605 | 1.93 |
| 2022-12-05 | $84 | 616 | 626 | 2 |
| 2022-11-28 | $81 | 591 | 601 | 1.92 |
| 2022-11-23 | $86 | 629 | 639 | 2.04 |
| 2022-11-16 | $92 | 675 | 686 | 2.19 |
| 2022-11-15 | $91 | 665 | 676 | 2.16 |
| 2022-11-14 | $95 | 696 | 708 | 2.26 |
| 2022-11-09 | $94 | 687 | 698 | 2.23 |
Kuwait Export Blend Historical price
- In 2017 maximum price $63 per bbl (2017-12-27)
- In 2018 maximum price $50 per bbl (2018-12-26)
- In 2019 maximum price $67 per bbl (2019-12-23)
- In 2020 maximum price $51 per bbl (2020-12-31)
- In 2021 maximum price $79 per bbl (2021-12-31)
- In 2022 maximum price $80 per bbl (2022-12-21)
- In 2023 maximum price $84 per bbl (2023-02-15)
Kuwait Export Blend Crude Oil: A Comprehensive Guide
As a leading crude oil exporter in the Middle East, Kuwait has a unique position in the global oil market. The country is home to one of the world's most important crude oil blends, known as Kuwait Export Blend (KEB). In this article, we will provide a comprehensive guide to KEB crude oil, covering its composition, properties, production, and global market.
Composition and Properties of Kuwait Export Blend Crude Oil
Kuwait Export Blend is a medium to heavy crude oil, with an API gravity of 29.7 and a sulfur content of 2.13%. It is a blend of four different crude oils produced in Kuwait: Burgan, Ahmadi, Magwa, and Raudhatain. Burgan is the largest oil field in Kuwait and one of the largest in the world, producing light and medium crude oils. Ahmadi, Magwa, and Raudhatain, on the other hand, produce heavy and sour crude oils.
The composition and properties of KEB crude oil make it suitable for various purposes, including refining into gasoline, diesel, and other petroleum products. It is also a popular crude oil grade for the Asian market, where demand for heavy and sour crude oils is high.
Production of Kuwait Export Blend Crude Oil
Kuwait is a member of the Organization of the Petroleum Exporting Countries (OPEC), which regulates the production and export of crude oil among its member countries. The country's crude oil production is dominated by the Kuwait Oil Company (KOC), a state-owned company that oversees the exploration, production, and development of Kuwait's oil and gas resources.
According to the latest data from OPEC, Kuwait produced an average of 2.7 million barrels of crude oil per day in 2020, with KEB accounting for a significant portion of its total crude oil exports.
Global Market for Kuwait Export Blend Crude Oil
KEB crude oil is one of the most sought-after crude oil grades in the global market, especially in the Asian region. Its heavy and sour characteristics make it suitable for processing in complex refineries, which are prevalent in countries such as China, India, and Japan.
In recent years, the demand for KEB crude oil has increased, driven by the growth in the Asian economy and the rising demand for heavy and sour crude oils. Kuwait exports most of its crude oil to Asian countries, with China and India being the largest importers.
Conclusion
Kuwait Export Blend crude oil is a unique and important crude oil grade in the global oil market. Its medium to heavy characteristics, high sulfur content, and unique composition make it a suitable grade for various refining purposes, particularly in the Asian market. As a leading crude oil exporter in the Middle East, Kuwait's position in the global oil market is significant, and KEB crude oil plays a crucial role in its exports.
Frequently Asked Questions about Kuwait Export Blend Crude Oil
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What is the difference between light and heavy crude oil? Light crude oil has a lower density and viscosity than heavy crude oil, which makes it easier to refine into gasoline and other lighter products. Heavy crude oil, on the other hand, has a higher density and viscosity, which makes it more difficult to refine and requires more complex refining processes.
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What is the sulfur content of Kuwait Export Blend crude oil? Kuwait Export Blend crude oil has a sulfur content of 2.13%, which is considered a high-sulfur crude oil grade. High-sulfur crude oils require more complex refining processes to remove sulfur and other impurities.
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How does Kuwait Export Blend crude oil compare to other crude oil grades? Kuwait Export Blend crude oil is a medium to heavy crude oil grade, which is similar to other crude oil grades such as Basrah Light and Arab Heavy. However, its unique composition and high sulfur content make it suitable for processing in complex refineries.
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What are the environmental impacts of Kuwait Export Blend crude oil production? Like all crude oil production, the production of Kuwait Export Blend crude oil has environmental impacts, including air and water pollution, greenhouse gas emissions, and land use changes. However, Kuwait has implemented environmental regulations and initiatives to reduce these impacts and improve sustainability in its oil and gas sector.
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How does the global oil market impact Kuwait's crude oil exports? The global oil market is highly complex and dynamic, with various factors such as supply and demand, geopolitics, and technology influencing crude oil prices and exports. Kuwait's crude oil exports, including Kuwait Export Blend, are subject to these market dynamics and can be impacted by various factors, such as OPEC production quotas, global economic growth, and regional conflicts. However, Kuwait's strategic position as a leading crude oil exporter and its production of high-quality crude oil grades such as KEB help to maintain its position in the global market.
Sources of Information
All the information in this article has been researched and compiled from various sources, including:
- The official website of the Kuwait Petroleum Corporation
- The United States Energy Information Administration
- The Organization of the Petroleum Exporting Countries (OPEC)
- Industry publications such as Oil
