Michigan Sour
Michigan Sour Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $67 | 491 | 499 | 1.6 |
| 2023-02-15 | $67 | 493 | 501 | 1.6 |
| 2023-02-14 | $68 | 497 | 505 | 1.61 |
| 2023-02-13 | $69 | 504 | 512 | 1.64 |
| 2023-02-10 | $68 | 500 | 508 | 1.62 |
| 2023-02-09 | $67 | 489 | 497 | 1.59 |
| 2023-02-08 | $67 | 491 | 499 | 1.6 |
| 2023-02-07 | $66 | 480 | 488 | 1.56 |
| 2023-02-06 | $63 | 458 | 466 | 1.49 |
| 2023-02-03 | $62 | 453 | 460 | 1.47 |
| 2023-02-02 | $64 | 471 | 479 | 1.53 |
| 2023-02-01 | $65 | 476 | 484 | 1.55 |
| 2023-01-31 | $68 | 495 | 503 | 1.61 |
| 2023-01-30 | $67 | 487 | 495 | 1.58 |
| 2023-01-27 | $68 | 500 | 508 | 1.62 |
| 2023-01-26 | $70 | 509 | 518 | 1.65 |
| 2023-01-25 | $69 | 502 | 510 | 1.63 |
| 2023-01-24 | $69 | 502 | 510 | 1.63 |
| 2023-01-19 | $69 | 504 | 512 | 1.64 |
| 2023-01-18 | $68 | 498 | 507 | 1.62 |
| 2023-01-17 | $69 | 502 | 510 | 1.63 |
| 2023-01-13 | $68 | 500 | 508 | 1.62 |
| 2023-01-12 | $67 | 489 | 497 | 1.59 |
| 2023-01-11 | $66 | 484 | 492 | 1.57 |
| 2023-01-10 | $64 | 467 | 475 | 1.52 |
| 2023-01-09 | $63 | 464 | 471 | 1.51 |
| 2023-01-06 | $62 | 456 | 464 | 1.48 |
| 2023-01-05 | $62 | 454 | 462 | 1.48 |
| 2023-01-04 | $61 | 449 | 456 | 1.46 |
| 2023-01-03 | $66 | 480 | 488 | 1.56 |
Michigan Sour Historical price
- In 2017 maximum price $49 per bbl (2017-12-28)
- In 2018 maximum price $34 per bbl (2018-12-31)
- In 2019 maximum price $50 per bbl (2019-12-31)
- In 2020 maximum price $37 per bbl (2020-12-31)
- In 2021 maximum price $66 per bbl (2021-12-30)
- In 2022 maximum price $69 per bbl (2022-12-30)
- In 2023 maximum price $67 per bbl (2023-02-16)
Michigan Sour Crude Oil: A Comprehensive Guide
Michigan sour crude oil is a type of crude oil that is found in the state of Michigan, United States. This oil is known for its high sulfur content, which makes it a more challenging type of crude oil to refine compared to sweet crude oil. Despite the difficulties posed by the high sulfur content, Michigan sour crude oil is still in high demand, due to its numerous advantages. In this article, we will explore the unique properties of Michigan sour crude oil and what makes it such a valuable resource for the oil and gas industry.
What is Michigan Sour Crude Oil?
Michigan sour crude oil is a type of crude oil that is extracted from the oil reservoirs in the state of Michigan. The oil is referred to as โsourโ due to its high sulfur content, which can reach levels of up to 2% in some cases. This high sulfur content sets Michigan sour crude oil apart from other types of crude oil, such as sweet crude oil, which typically has a sulfur content of less than 0.5%.
Why is Michigan Sour Crude Oil in Demand?
Despite the challenges posed by its high sulfur content, Michigan sour crude oil is still in high demand due to its numerous advantages. Firstly, Michigan sour crude oil is a relatively heavy crude oil, which means that it contains more of the heavy, dense hydrocarbons that are needed for the production of diesel fuel and other high-value products. Secondly, Michigan sour crude oil is more cost-effective compared to other types of crude oil, as it is produced in large quantities and is therefore more widely available.
The Refining Process of Michigan Sour Crude Oil
The refining process of Michigan sour crude oil is more complex compared to that of sweet crude oil, due to its high sulfur content. This high sulfur content can lead to the production of harmful sulfur dioxide emissions during the refining process, which is why special processes must be put in place to minimize these emissions. The refining process of Michigan sour crude oil typically involves the use of specialized equipment, such as hydrotreaters and desulfurization units, to remove the sulfur from the oil before it is further processed into fuels and other products.
Advantages of Refining Michigan Sour Crude Oil
Despite the challenges posed by its high sulfur content, there are several advantages to refining Michigan sour crude oil. Firstly, Michigan sour crude oil is a more cost-effective option compared to other types of crude oil, as it is produced in large quantities and is therefore more widely available. Secondly, the heavy, dense hydrocarbons contained in Michigan sour crude oil are ideal for the production of diesel fuel and other high-value products, which makes it a valuable resource for the oil and gas industry. Finally, the refining process of Michigan sour crude oil can lead to the production of clean fuels and other high-value products, which can have a positive impact on the environment.
Conclusion
In conclusion, Michigan sour crude oil is a valuable resource for the oil and gas industry due to its numerous advantages. Despite its high sulfur content, Michigan sour crude oil is still in high demand due to its cost-effectiveness, its heavy hydrocarbon content, and its potential for the production of clean fuels and other high-value products. With the right refining processes in place, Michigan sour crude oil has the potential to play a major role in the oil and gas industry for many years to come.
Frequently Asked Questions
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What exactly is Michigan sour crude oil? Michigan sour crude oil is a type of crude oil that is extracted from the oil reservoirs in the state of Michigan. It is known for its high sulfur content, which can reach levels of up to 2%.
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Why is Michigan sour crude oil more challenging to refine compared to other types of crude oil? Michigan sour crude oil is more challenging to refine due to its high sulfur content, which can lead to the production of harmful sulfur dioxide emissions during the refining process.
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Why is Michigan sour crude oil still in high demand despite its high sulfur content? Michigan sour crude oil is still in high demand due to its cost-effectiveness, its heavy hydrocarbon content, and its potential for the production of clean fuels and other high-value products.
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What processes are involved in the refining of Michigan sour crude oil? The refining process of Michigan sour crude oil typically involves the use of specialized equipment, such as hydrotreaters and desulfurization units, to remove the sulfur from the oil before it is further processed into fuels and other products.
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What are the advantages of refining Michigan sour crude oil? The advantages of refining Michigan sour crude oil include its cost-effectiveness, its heavy hydrocarbon content, and its potential for the production of clean fuels and other high-value products.
Conclusion
Michigan sour crude oil is a valuable resource that provides significant benefits to the state of Michigan and the entire United States. Despite its high sulfur content, Michigan sour crude oil is still in high demand due to its cost-effectiveness, its heavy hydrocarbon content, and its potential for the production of clean fuels and other high-value products. The refining process of Michigan sour crude oil can be challenging, but it is essential to ensure that the oil is suitable for use as fuel and other products.
This article has provided a comprehensive overview of Michigan sour crude oil and its refining process. For more information on this topic, you can visit the website of the American Petroleum Institute (API) at www.api.org. The API provides a wealth of information on the oil and natural gas industry, including information on Michigan sour crude oil and other types of crude oil.
