South Texas Sour
South Texas Sour Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $62 | 456 | 464 | 1.48 |
| 2023-02-15 | $62 | 457 | 464 | 1.48 |
| 2023-02-14 | $63 | 460 | 468 | 1.49 |
| 2023-02-13 | $64 | 468 | 476 | 1.52 |
| 2023-02-10 | $63 | 465 | 473 | 1.51 |
| 2023-02-09 | $62 | 453 | 460 | 1.47 |
| 2023-02-08 | $62 | 456 | 463 | 1.48 |
| 2023-02-07 | $61 | 446 | 453 | 1.45 |
| 2023-02-06 | $58 | 424 | 431 | 1.38 |
| 2023-02-03 | $60 | 441 | 448 | 1.43 |
| 2023-02-02 | $60 | 437 | 444 | 1.42 |
| 2023-02-01 | $60 | 441 | 448 | 1.43 |
| 2023-01-31 | $63 | 459 | 466 | 1.49 |
| 2023-01-30 | $62 | 452 | 459 | 1.47 |
| 2023-01-27 | $63 | 465 | 472 | 1.51 |
| 2023-01-19 | $64 | 470 | 477 | 1.53 |
| 2023-01-18 | $63 | 463 | 471 | 1.5 |
| 2023-01-17 | $64 | 468 | 476 | 1.52 |
| 2023-01-13 | $64 | 466 | 474 | 1.51 |
| 2023-01-12 | $62 | 455 | 463 | 1.48 |
| 2023-01-11 | $61 | 448 | 455 | 1.46 |
| 2023-01-10 | $59 | 431 | 438 | 1.4 |
| 2023-01-09 | $58 | 428 | 435 | 1.39 |
| 2023-01-06 | $58 | 421 | 428 | 1.37 |
| 2023-01-05 | $57 | 421 | 428 | 1.37 |
| 2023-01-04 | $57 | 415 | 421 | 1.35 |
| 2023-01-03 | $61 | 445 | 452 | 1.44 |
| 2022-12-30 | $64 | 469 | 477 | 1.52 |
| 2022-12-27 | $63 | 464 | 471 | 1.51 |
| 2022-12-22 | $61 | 449 | 456 | 1.46 |
South Texas Sour Historical price
- In 2017 maximum price $50 per bbl (2017-12-28)
- In 2018 maximum price $36 per bbl (2018-12-31)
- In 2019 maximum price $51 per bbl (2019-12-31)
- In 2020 maximum price $39 per bbl (2020-12-31)
- In 2021 maximum price $66 per bbl (2021-12-30)
- In 2022 maximum price $64 per bbl (2022-12-30)
- In 2023 maximum price $62 per bbl (2023-02-16)
Title: South Texas Sour Crude Oil - Characteristics, Production and Uses
South Texas Sour Crude Oil is a heavy, sour crude oil produced in the South Texas region of the United States. It is a crucial commodity in the global oil market, and its unique characteristics make it a valuable resource for a variety of industrial applications.
In this article, we will explore the characteristics of South Texas Sour Crude Oil, its production methods, and its uses in the global market.
Characteristics of South Texas Sour Crude Oil
South Texas Sour Crude Oil is characterized by its high sulfur content, which gives it a distinctive sour smell. The high sulfur content also makes it more challenging to refine than other types of crude oil. It has an API gravity of around 26 degrees, which makes it a heavy crude oil. This makes it a popular feedstock for refineries that specialize in producing heavy products like diesel and fuel oil.
Production of South Texas Sour Crude Oil
South Texas Sour Crude Oil is primarily produced in the Eagle Ford Shale formation, which covers an area of about 20,000 square miles in South Texas. The Eagle Ford Shale is a tight oil formation, which means that the oil is trapped in shale rock and requires hydraulic fracturing or "fracking" to extract.
The process of fracking involves drilling a well into the shale rock and injecting a mixture of water, sand, and chemicals under high pressure. This creates fractures in the rock, allowing the oil to flow to the surface.
Once the oil has been extracted, it is transported by pipeline to refineries across the United States.
Uses of South Texas Sour Crude Oil
South Texas Sour Crude Oil is a valuable feedstock for refineries that specialize in producing heavy products like diesel and fuel oil. Its high sulfur content makes it ideal for refining into low-sulfur diesel fuel, which is in high demand due to environmental regulations.
In addition to its use in the production of fuel, South Texas Sour Crude Oil is also used in the manufacturing of a variety of industrial products. These include asphalt, lubricants, and other petroleum-based products.
Conclusion
South Texas Sour Crude Oil is a valuable commodity in the global oil market. Its unique characteristics make it a valuable feedstock for refineries, and its production is a critical part of the United States' energy industry. As demand for heavy products like diesel and fuel oil continues to rise, South Texas Sour Crude Oil will remain an essential resource for a variety of industrial applications.
FAQs about South Texas Sour Crude Oil
- What is the difference between sour crude oil and sweet crude oil?
The terms "sweet" and "sour" are used to describe crude oil based on its sulfur content. Sweet crude oil contains less than 0.5% sulfur, while sour crude oil contains more than 0.5% sulfur. Sour crude oil is more challenging to refine than sweet crude oil because of its high sulfur content.
- How is South Texas Sour Crude Oil transported?
South Texas Sour Crude Oil is primarily transported by pipeline. Pipelines are the safest and most efficient method of transporting crude oil over long distances. Once the oil has been extracted, it is transported by pipeline to refineries across the United States.
- How is South Texas Sour Crude Oil used in the manufacturing of industrial products?
South Texas Sour Crude Oil is used as a feedstock for the production of a variety of industrial products, including asphalt, lubricants, and other petroleum-based products. These products are essential for a range of industries, including construction, transportation, and manufacturing.
- What are the environmental risks associated with the production of South Texas Sour Crude Oil?
The production of South Texas Sour Crude Oil involves hydraulic fracturing, which has been linked to environmental risks such as groundwater contamination and air pollution. The industry is heavily regulated to minimize these risks and ensure that production is conducted safely and responsibly.
- What is the economic impact of South Texas Sour Crude Oil on the United States?
The production of South Texas Sour Crude Oil has had a significant economic impact on the United States, creating jobs and contributing to economic growth. The industry has also increased the country's energy independence, reducing dependence on foreign oil and enhancing national security.
