Oklahoma Sweet
Oklahoma Sweet Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $75 | 550 | 559 | 1.79 |
| 2023-02-15 | $75 | 552 | 561 | 1.79 |
| 2023-02-14 | $76 | 555 | 564 | 1.8 |
| 2023-02-13 | $77 | 563 | 572 | 1.83 |
| 2023-02-10 | $76 | 559 | 568 | 1.82 |
| 2023-02-09 | $75 | 548 | 557 | 1.78 |
| 2023-02-08 | $75 | 550 | 559 | 1.79 |
| 2023-02-07 | $74 | 539 | 548 | 1.75 |
| 2023-02-06 | $71 | 517 | 525 | 1.68 |
| 2023-02-03 | $70 | 511 | 520 | 1.66 |
| 2023-02-02 | $72 | 530 | 538 | 1.72 |
| 2023-02-01 | $73 | 535 | 544 | 1.74 |
| 2023-01-31 | $76 | 553 | 562 | 1.8 |
| 2023-01-30 | $75 | 546 | 555 | 1.77 |
| 2023-01-27 | $76 | 559 | 568 | 1.82 |
| 2023-01-26 | $78 | 568 | 577 | 1.85 |
| 2023-01-25 | $77 | 561 | 570 | 1.82 |
| 2023-01-24 | $77 | 561 | 570 | 1.82 |
| 2023-01-19 | $77 | 563 | 572 | 1.83 |
| 2023-01-18 | $76 | 557 | 566 | 1.81 |
| 2023-01-17 | $77 | 561 | 570 | 1.82 |
| 2023-01-13 | $76 | 559 | 568 | 1.82 |
| 2023-01-12 | $75 | 548 | 557 | 1.78 |
| 2023-01-11 | $74 | 542 | 551 | 1.76 |
| 2023-01-10 | $72 | 526 | 535 | 1.71 |
| 2023-01-09 | $71 | 522 | 531 | 1.7 |
| 2023-01-06 | $70 | 515 | 523 | 1.67 |
| 2023-01-05 | $70 | 513 | 522 | 1.67 |
| 2023-01-04 | $69 | 508 | 516 | 1.65 |
| 2023-01-03 | $74 | 539 | 548 | 1.75 |
Oklahoma Sweet Historical price
- In 2017 maximum price $56 per bbl (2017-12-28)
- In 2018 maximum price $42 per bbl (2018-12-31)
- In 2019 maximum price $58 per bbl (2019-12-31)
- In 2020 maximum price $45 per bbl (2020-12-31)
- In 2021 maximum price $74 per bbl (2021-12-30)
- In 2022 maximum price $77 per bbl (2022-12-30)
- In 2023 maximum price $75 per bbl (2023-02-16)
Oklahoma Sweet Crude Oil: An In-Depth Exploration
Oklahoma sweet crude oil is a type of petroleum that is extracted from oil wells in Oklahoma, United States. It is called "sweet" because of its low sulfur content, making it a more desirable product in the oil and gas industry. In this article, we will dive into the characteristics, production, and importance of Oklahoma sweet crude oil.
Characteristics of Oklahoma Sweet Crude Oil
Oklahoma sweet crude oil is known for its high quality and low sulfur content, which sets it apart from other crude oils in the market. This oil has a low viscosity and is easily refined, resulting in a higher yield of useful products such as gasoline, diesel, and jet fuel. The high-quality composition of Oklahoma sweet crude oil also makes it more environmentally friendly compared to other crude oils, as it emits fewer pollutants during the refining process.
Production of Oklahoma Sweet Crude Oil
Oklahoma is one of the top oil-producing states in the United States, with a large portion of its oil production coming from sweet crude. The production of Oklahoma sweet crude oil is made possible through the use of drilling techniques such as horizontal drilling and hydraulic fracturing. These techniques allow for the extraction of oil from previously inaccessible formations, resulting in increased production.
The oil and gas industry in Oklahoma is a major contributor to the state's economy, providing jobs and income for residents. In recent years, the production of Oklahoma sweet crude oil has increased, making it a significant player in the global oil market.
Importance of Oklahoma Sweet Crude Oil
Oklahoma sweet crude oil is important for several reasons. Firstly, its high quality and low sulfur content make it a desirable product in the oil and gas industry. It is also a more environmentally friendly option compared to other crude oils, reducing the negative impact of oil production on the environment.
Additionally, the production of Oklahoma sweet crude oil provides significant economic benefits to the state and its residents. The oil and gas industry in Oklahoma is a major contributor to the state's economy, providing jobs and income for residents. The increased production of Oklahoma sweet crude oil in recent years has also made it a significant player in the global oil market.
In conclusion, Oklahoma sweet crude oil is a valuable and desirable product in the oil and gas industry. Its high quality, low sulfur content, and environmental friendliness make it a desirable option for consumers and producers alike. The production of Oklahoma sweet crude oil also provides significant economic benefits to the state and its residents.
Frequently Asked Questions About Oklahoma Sweet Crude Oil
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What sets Oklahoma sweet crude oil apart from other crude oils? Oklahoma sweet crude oil is known for its low sulfur content and high quality, making it a more desirable product in the oil and gas industry. This oil has a low viscosity and is easily refined, resulting in a higher yield of useful products such as gasoline, diesel, and jet fuel.
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How is Oklahoma sweet crude oil produced? Oklahoma sweet crude oil is produced through the use of drilling techniques such as horizontal drilling and hydraulic fracturing. These techniques allow for the extraction of oil from previously inaccessible formations, resulting in increased production.
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What are the environmental benefits of Oklahoma sweet crude oil? Oklahoma sweet crude oil is considered more environmentally friendly compared to other crude oils because of its low sulfur content. This results in fewer pollutants being emitted during the refining process, reducing the negative impact of oil production on the environment.
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Why is Oklahoma sweet crude oil important to the state's economy? The oil and gas industry in Oklahoma is a major contributor to the state's economy, providing jobs and income for residents. The production of Oklahoma sweet crude oil has increased in recent years, making it a significant player in the global oil market and providing economic benefits to the state and its residents.
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What are the economic benefits of increased production of Oklahoma sweet crude oil? The increased production of Oklahoma sweet crude oil in recent years has made it a significant player in the global oil market. This has resulted in more jobs and income for residents, as well as a boost to the state's economy. The oil and gas industry in Oklahoma is a major contributor to the state's economy, and the increased production of sweet crude oil has only added to its importance.
In conclusion, Oklahoma sweet crude oil is a valuable and desirable product in the oil and gas industry. Its high quality, low sulfur content, and environmental friendliness make it a desirable option for consumers and producers alike. The production of Oklahoma sweet crude oil also provides significant economic benefits to the state and its residents, making it an important player in the global oil market.
Further Reading and Sources
For those who want to dive deeper into the topic of Oklahoma sweet crude oil, there are several reliable sources of information available. The following resources can provide additional insights into the production, economic impact, and environmental considerations associated with this type of crude oil:
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The Oklahoma Corporation Commission's Oil and Gas Division: This state agency regulates the oil and gas industry in Oklahoma, and their website provides information on the production and regulation of Oklahoma sweet crude oil.
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The U.S. Energy Information Administration (EIA): The EIA is a reliable source of data and analysis on the energy industry in the United States, including the production and consumption of crude oil. Their website provides information on Oklahoma sweet crude oil and other types of crude oil produced in the state.
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The Oklahoma Oil and Gas Association (OKOGA): This trade association represents the oil and gas industry in Oklahoma and provides information on the production and economic impact of crude oil in the state.
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The Environmental Protection Agency (EPA): The EPA provides information on the environmental impacts of the oil and gas industry, including the production and refining of crude oil. Their website provides information on the emissions and other environmental impacts associated with Oklahoma sweet crude oil.
These resources can help provide a more comprehensive understanding of Oklahoma sweet crude oil and the role it plays in the energy industry. By staying informed and up-to-date on the latest developments, individuals and organizations can make informed decisions about their use and support of this valuable resource.
