North Texas Sour
North Texas Sour Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $72 | 531 | 540 | 1.73 |
| 2023-02-15 | $73 | 532 | 541 | 1.73 |
| 2023-02-14 | $73 | 535 | 544 | 1.74 |
| 2023-02-13 | $74 | 543 | 552 | 1.76 |
| 2023-02-10 | $74 | 540 | 549 | 1.75 |
| 2023-02-09 | $72 | 528 | 537 | 1.72 |
| 2023-02-08 | $72 | 531 | 540 | 1.72 |
| 2023-02-07 | $71 | 521 | 530 | 1.69 |
| 2023-02-06 | $68 | 499 | 507 | 1.62 |
| 2023-02-03 | $70 | 516 | 524 | 1.68 |
| 2023-02-02 | $70 | 512 | 520 | 1.66 |
| 2023-02-01 | $70 | 516 | 524 | 1.68 |
| 2023-01-31 | $73 | 534 | 543 | 1.73 |
| 2023-01-30 | $72 | 527 | 536 | 1.71 |
| 2023-01-27 | $74 | 540 | 549 | 1.75 |
| 2023-01-19 | $74 | 545 | 554 | 1.77 |
| 2023-01-18 | $73 | 538 | 547 | 1.75 |
| 2023-01-17 | $74 | 544 | 552 | 1.77 |
| 2023-01-13 | $74 | 541 | 550 | 1.76 |
| 2023-01-12 | $72 | 530 | 539 | 1.72 |
| 2023-01-11 | $71 | 523 | 532 | 1.7 |
| 2023-01-10 | $69 | 507 | 515 | 1.65 |
| 2023-01-09 | $69 | 503 | 511 | 1.63 |
| 2023-01-06 | $68 | 497 | 505 | 1.61 |
| 2023-01-05 | $68 | 496 | 504 | 1.61 |
| 2023-01-04 | $67 | 490 | 498 | 1.59 |
| 2023-01-03 | $71 | 520 | 528 | 1.69 |
| 2022-12-30 | $74 | 544 | 553 | 1.77 |
| 2022-12-27 | $74 | 539 | 548 | 1.75 |
| 2022-12-22 | $71 | 524 | 532 | 1.7 |
North Texas Sour Historical price
- In 2017 maximum price $52 per bbl (2017-12-28)
- In 2018 maximum price $37 per bbl (2018-12-31)
- In 2019 maximum price $40 per bbl (2019-01-04)
- In 2020 maximum price $30 per bbl (2020-06-19)
- In 2021 maximum price $57 per bbl (2021-12-03)
- In 2022 maximum price $74 per bbl (2022-12-30)
- In 2023 maximum price $72 per bbl (2023-02-16)
North Texas Sour Crude Oil: A Comprehensive Overview
Oil production is a major industry in the United States, and North Texas is no exception. This region is known for its abundant reserves of Sour Crude oil, which is highly valued for its high sulfur content and low-quality characteristics. In this article, we will take a closer look at North Texas Sour Crude oil and its significance in the global oil market.
What is North Texas Sour Crude Oil?
North Texas Sour Crude oil is a type of crude oil that is extracted from oil wells in North Texas. This type of oil is considered to be of low quality due to its high sulfur content, which gives it a strong and distinctive odor. Despite this, North Texas Sour Crude oil is highly sought after by refineries due to its low cost and availability.
Characteristics of North Texas Sour Crude Oil
The high sulfur content in North Texas Sour Crude oil is its defining characteristic. This sulfur content makes it more challenging to refine and process, but it also provides a source of sulfur for the production of fertilizers, sulfuric acid, and other products. Additionally, North Texas Sour Crude oil has a low API gravity, which means it has a higher density and lower energy content compared to other types of crude oil.
Another characteristic of North Texas Sour Crude oil is its low cost. This is due to its low-quality characteristics, which make it less expensive to extract and process compared to other types of crude oil. Despite its low cost, North Texas Sour Crude oil still plays a significant role in the global oil market due to its availability and high demand.
The Significance of North Texas Sour Crude Oil in the Global Oil Market
The global oil market is highly dependent on North Texas Sour Crude oil due to its availability and low cost. Refineries around the world require large quantities of this type of crude oil to meet their production needs, and North Texas provides a reliable and cost-effective source of Sour Crude oil. In addition, the sulfur content of North Texas Sour Crude oil makes it an important source of sulfur for the production of various products.
The Future of North Texas Sour Crude Oil
The future of North Texas Sour Crude oil is closely tied to the global oil market and the demand for Sour Crude oil. As the global economy continues to grow and the demand for energy increases, the demand for North Texas Sour Crude oil is also expected to grow. Additionally, advancements in refining and processing technology are making it easier to refine and process this type of crude oil, further increasing its significance in the global oil market.
In conclusion, North Texas Sour Crude oil is a valuable and highly sought after resource in the global oil market. Its low cost and high availability make it an important source of crude oil for refineries around the world, and its sulfur content makes it an important source of sulfur for the production of various products. As the global demand for energy continues to grow, the significance of North Texas Sour Crude oil is only expected to increase.
Additional Resources:
- Refining and processing technology advancements in North Texas
- The impact of North Texas Sour Crude oil on local economies
- The environmental impact of North Texas Sour Crude oil extraction and processing
- The role of North Texas Sour Crude oil in the global energy market
- Future trends in North Texas Sour Crude oil production and consumption
Frequently Asked Questions About North Texas Sour Crude Oil
In this section, we will answer some of the most frequently asked questions about North Texas Sour Crude oil.
1. What makes North Texas Sour Crude oil unique?
North Texas Sour Crude oil is unique due to its high sulfur content, which gives it a strong and distinctive odor. This sulfur content makes it more challenging to refine and process, but it also provides a source of sulfur for the production of fertilizers, sulfuric acid, and other products.
2. Why is North Texas Sour Crude oil cheaper than other types of crude oil?
North Texas Sour Crude oil is cheaper than other types of crude oil due to its low-quality characteristics, which make it less expensive to extract and process. Despite its low cost, North Texas Sour Crude oil still plays a significant role in the global oil market due to its availability and high demand.
3. How does the demand for North Texas Sour Crude oil impact the global oil market?
The demand for North Texas Sour Crude oil is highly dependent on the global oil market and the demand for Sour Crude oil. As the global economy continues to grow and the demand for energy increases, the demand for North Texas Sour Crude oil is also expected to grow.
4. How is North Texas Sour Crude oil used in the production of other products?
The sulfur content of North Texas Sour Crude oil makes it an important source of sulfur for the production of fertilizers, sulfuric acid, and other products. Additionally, the low cost of North Texas Sour Crude oil makes it an attractive option for use in the production of various products.
5. What is the future of North Texas Sour Crude oil production and consumption?
The future of North Texas Sour Crude oil production and consumption is closely tied to the global oil market and the demand for Sour Crude oil. As the global demand for energy continues to grow, the significance of North Texas Sour Crude oil is only expected to increase. Additionally, advancements in refining and processing technology are making it easier to refine and process this type of crude oil, further increasing its significance in the global oil market.
Conclusion
North Texas Sour Crude oil is a unique and important component of the global oil market. With its high sulfur content and low cost, it plays a significant role in the production of various products and is in high demand. As the global demand for energy continues to grow, the significance of North Texas Sour Crude oil is only expected to increase.
For more information about North Texas Sour Crude oil and the global oil market, we recommend visiting the following sources:
- The U.S. Energy Information Administration (EIA): https://www.eia.gov/
- The American Petroleum Institute (API): https://www.api.org/
- The International Energy Agency (IEA): https://www.iea.org/
These organizations provide comprehensive and up-to-date information on the global oil market and the role of North Texas Sour Crude oil within it. We hope that this article has been helpful in providing a better understanding of this important topic.
