Qua Iboe
Qua Iboe Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-17 | $87 | 637 | 647 | 2.07 |
| 2023-02-16 | $89 | 650 | 660 | 2.11 |
| 2023-02-15 | $88 | 642 | 653 | 2.09 |
| 2023-02-14 | $89 | 653 | 664 | 2.12 |
| 2023-02-13 | $88 | 648 | 659 | 2.11 |
| 2023-02-10 | $87 | 639 | 649 | 2.08 |
| 2023-02-09 | $88 | 644 | 655 | 2.09 |
| 2023-02-08 | $86 | 633 | 644 | 2.06 |
| 2023-02-07 | $85 | 622 | 632 | 2.02 |
| 2023-02-06 | $83 | 607 | 617 | 1.97 |
| 2023-02-03 | $85 | 622 | 632 | 2.02 |
| 2023-02-02 | $86 | 629 | 640 | 2.04 |
| 2023-02-01 | $88 | 647 | 657 | 2.1 |
| 2023-01-31 | $87 | 636 | 646 | 2.07 |
| 2023-01-30 | $89 | 650 | 660 | 2.11 |
| 2023-01-27 | $89 | 655 | 665 | 2.13 |
| 2023-01-26 | $88 | 645 | 655 | 2.09 |
| 2023-01-25 | $88 | 647 | 657 | 2.1 |
| 2023-01-24 | $90 | 657 | 668 | 2.13 |
| 2023-01-23 | $89 | 654 | 665 | 2.12 |
| 2023-01-20 | $88 | 648 | 659 | 2.1 |
| 2023-01-19 | $86 | 630 | 641 | 2.05 |
| 2023-01-18 | $88 | 648 | 659 | 2.11 |
| 2023-01-17 | $87 | 634 | 645 | 2.06 |
| 2023-01-16 | $86 | 633 | 643 | 2.05 |
| 2023-01-13 | $85 | 626 | 636 | 2.03 |
| 2023-01-12 | $84 | 619 | 629 | 2.01 |
| 2023-01-11 | $81 | 595 | 605 | 1.93 |
| 2023-01-10 | $81 | 595 | 604 | 1.93 |
| 2023-01-06 | $81 | 592 | 602 | 1.92 |
Qua Iboe Historical price
- In 2017 maximum price $67 per bbl (2017-12-26)
- In 2018 maximum price $51 per bbl (2018-12-26)
- In 2019 maximum price $70 per bbl (2019-12-26)
- In 2020 maximum price $51 per bbl (2020-12-25)
- In 2021 maximum price $77 per bbl (2021-12-24)
- In 2022 maximum price $86 per bbl (2022-12-26)
- In 2023 maximum price $87 per bbl (2023-02-17)
Qua Iboe Crude Oil: A Comprehensive Guide
Qua Iboe crude oil is a high-quality light, sweet crude oil produced in Nigeria and is considered to be one of the best crude oils in the world. The name "Qua Iboe" is derived from the Qua Iboe River in Nigeria, where the oil is produced. In this article, we will delve into the details of Qua Iboe crude oil, its production, export, and quality.
Understanding Qua Iboe Crude Oil
Qua Iboe crude oil is a light sweet crude oil, which means it has low sulfur content and is easy to refine. This type of crude oil is highly valued by refiners as it produces a high yield of gasoline, diesel, and other high-value petroleum products. Qua Iboe crude oil has an API gravity of around 40, which is considered to be high, making it a light crude oil.
Production of Qua Iboe Crude Oil
Qua Iboe crude oil is produced in the Niger Delta region of Nigeria and is one of the major crude oils produced in the country. The oil is produced by a number of companies, including the Nigerian National Petroleum Corporation (NNPC) and several international oil companies operating in Nigeria.
The production of Qua Iboe crude oil involves drilling oil wells and extracting the crude oil from the underground reservoirs. The crude oil is then transported through pipelines to storage terminals or export terminals, where it is loaded onto tanker ships for export.
Export and Quality of Qua Iboe Crude Oil
Qua Iboe crude oil is exported to several countries around the world, with the United States being one of the major importers of this crude oil. The export of Qua Iboe crude oil is managed by the NNPC, which is responsible for the sale and marketing of the crude oil.
The quality of Qua Iboe crude oil is considered to be one of the best in the world due to its high API gravity and low sulfur content. This makes it a highly sought after crude oil by refiners around the world, who use it to produce high-value petroleum products.
Benefits of Qua Iboe Crude Oil
There are several benefits of Qua Iboe crude oil, including:
- High API gravity, making it a light crude oil that is easy to refine.
- Low sulfur content, which reduces the environmental impact of refining the crude oil.
- High yield of high-value petroleum products, such as gasoline and diesel.
- Widely accepted by refiners around the world, making it a highly sought after crude oil.
Conclusion
In conclusion, Qua Iboe crude oil is a high-quality light, sweet crude oil produced in Nigeria. With its high API gravity, low sulfur content, and high yield of high-value petroleum products, it is considered to be one of the best crude oils in the world. The export of Qua Iboe crude oil is managed by the NNPC, and it is widely accepted by refiners around the world due to its quality and benefits.
Frequently Asked Questions about Qua Iboe Crude Oil
Here are some common questions people ask about Qua Iboe crude oil:
1. What is the current price of Qua Iboe crude oil?
The price of Qua Iboe crude oil varies depending on several factors, such as supply and demand, global oil prices, and geopolitical tensions. As of February 2023, the price of Qua Iboe crude oil is around $85 per barrel.
2. How is Qua Iboe crude oil different from other types of crude oil?
Qua Iboe crude oil is a light sweet crude oil, which means it has low sulfur content and is easy to refine. This makes it highly valued by refiners as it produces a high yield of gasoline, diesel, and other high-value petroleum products. Other types of crude oil, such as heavy crude oil, have higher sulfur content and are more difficult to refine.
3. What are the environmental impacts of producing Qua Iboe crude oil?
Like any other type of crude oil, the production of Qua Iboe crude oil has environmental impacts. These include the release of greenhouse gases, such as carbon dioxide, during the production and transportation of the crude oil. However, Qua Iboe crude oil has low sulfur content, which reduces the environmental impact of refining the crude oil.
4. Which countries import Qua Iboe crude oil?
Qua Iboe crude oil is exported to several countries around the world, including the United States, China, and India. The United States is one of the major importers of this crude oil.
5. What is the future outlook for Qua Iboe crude oil?
The future outlook for Qua Iboe crude oil is positive, with several oil companies continuing to invest in the production and exploration of this crude oil. However, global factors such as the transition to renewable energy and the geopolitical tensions can impact the demand for Qua Iboe crude oil in the future.
