Syncrude Sweet Premium
Syncrude Sweet Premium Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $83 | 610 | 620 | 1.98 |
| 2023-02-15 | $83 | 609 | 619 | 1.98 |
| 2023-02-14 | $84 | 612 | 623 | 1.99 |
| 2023-02-13 | $85 | 620 | 631 | 2.02 |
| 2023-02-10 | $84 | 617 | 627 | 2.01 |
| 2023-02-09 | $83 | 605 | 615 | 1.97 |
| 2023-02-08 | $83 | 608 | 618 | 1.98 |
| 2023-02-07 | $82 | 598 | 608 | 1.94 |
| 2023-02-06 | $79 | 576 | 586 | 1.87 |
| 2023-02-03 | $78 | 571 | 580 | 1.85 |
| 2023-02-02 | $80 | 589 | 599 | 1.91 |
| 2023-02-01 | $81 | 593 | 603 | 1.93 |
| 2023-01-31 | $83 | 611 | 621 | 1.98 |
| 2023-01-30 | $82 | 604 | 614 | 1.96 |
| 2023-01-27 | $84 | 617 | 627 | 2 |
| 2023-01-26 | $86 | 627 | 637 | 2.04 |
| 2023-01-25 | $85 | 620 | 631 | 2.02 |
| 2023-01-24 | $85 | 620 | 630 | 2.01 |
| 2023-01-23 | $86 | 631 | 642 | 2.05 |
| 2023-01-20 | $86 | 631 | 642 | 2.05 |
| 2023-01-19 | $85 | 624 | 634 | 2.03 |
| 2023-01-18 | $84 | 618 | 628 | 2.01 |
| 2023-01-17 | $85 | 623 | 633 | 2.02 |
| 2023-01-16 | $84 | 618 | 628 | 2.01 |
| 2023-01-12 | $83 | 608 | 618 | 1.97 |
| 2023-01-11 | $82 | 600 | 610 | 1.95 |
| 2023-01-10 | $80 | 584 | 593 | 1.9 |
| 2023-01-09 | $79 | 580 | 590 | 1.88 |
| 2023-01-06 | $78 | 574 | 583 | 1.86 |
| 2023-01-05 | $78 | 573 | 582 | 1.86 |
Syncrude Sweet Premium Historical price
- In 2017 maximum price $56 per bbl (2017-12-28)
- In 2018 maximum price $42 per bbl (2018-12-28)
- In 2019 maximum price $59 per bbl (2019-12-30)
- In 2020 maximum price $45 per bbl (2020-12-30)
- In 2021 maximum price $74 per bbl (2021-12-31)
- In 2022 maximum price $83 per bbl (2022-12-29)
- In 2023 maximum price $83 per bbl (2023-02-16)
Syncrude Sweet Premium Crude Oil: A Comprehensive Overview
Crude oil is one of the most valuable resources in the world, and its quality plays a crucial role in determining its price. Among the various grades of crude oil, Syncrude Sweet Premium Crude Oil is considered one of the most desirable due to its high quality and low sulfur content. In this article, we will delve into what makes Syncrude Sweet Premium Crude Oil special and why it is sought after by oil refineries around the world.
Characteristics of Syncrude Sweet Premium Crude Oil
Syncrude Sweet Premium Crude Oil is a type of crude oil that is extracted from the oil sands in Alberta, Canada. This crude oil is characterized by its low sulfur content and high API gravity, which make it a highly desirable grade for oil refineries. The API gravity of Syncrude Sweet Premium Crude Oil ranges between 35 and 40, which is considered light and easy to refine. In contrast, heavy crude oils have an API gravity of less than 20.
The low sulfur content of Syncrude Sweet Premium Crude Oil is another important factor that sets it apart from other grades of crude oil. Sulfur is a corrosive element that can cause damage to refining equipment, and it also contributes to air pollution when the oil is burned. By having a low sulfur content, Syncrude Sweet Premium Crude Oil is considered a more environmentally friendly option compared to other grades of crude oil.
Benefits of Refining Syncrude Sweet Premium Crude Oil
Oil refineries around the world are eager to process Syncrude Sweet Premium Crude Oil due to its high quality and low sulfur content. The low sulfur content of this crude oil allows refineries to produce a higher volume of cleaner burning fuels, such as gasoline and diesel. These fuels emit fewer pollutants compared to fuels produced from other grades of crude oil, making them more environmentally friendly.
The high API gravity of Syncrude Sweet Premium Crude Oil also makes it easier to refine compared to other grades of crude oil. This means that refineries can process a larger volume of this crude oil in a shorter period of time, increasing their overall efficiency and productivity. Additionally, the high API gravity of Syncrude Sweet Premium Crude Oil results in a higher yield of valuable products, such as gasoline and diesel, compared to other grades of crude oil.
Conclusion
In conclusion, Syncrude Sweet Premium Crude Oil is a highly desirable grade of crude oil due to its low sulfur content and high API gravity. The benefits of refining this crude oil include the production of cleaner burning fuels and increased efficiency and productivity for oil refineries. As demand for cleaner and more efficient energy sources continues to grow, Syncrude Sweet Premium Crude Oil will likely continue to play a key role in meeting this demand.
Frequently Asked Questions
Here are some of the most commonly asked questions about Syncrude Sweet Premium Crude Oil:
1. How is Syncrude Sweet Premium Crude Oil produced?
Syncrude Sweet Premium Crude Oil is produced from the oil sands in Alberta, Canada. The process involves mining the oil sands, extracting the bitumen, and then upgrading it to produce Syncrude Sweet Premium Crude Oil.
2. What is the API gravity range of Syncrude Sweet Premium Crude Oil?
The API gravity range of Syncrude Sweet Premium Crude Oil is between 35 and 40. This makes it a light crude oil that is easy to refine.
3. How does the low sulfur content of Syncrude Sweet Premium Crude Oil benefit the environment?
The low sulfur content of Syncrude Sweet Premium Crude Oil is beneficial for the environment in two ways. First, it reduces the amount of pollutants emitted by the oil when it is burned. Second, it is less corrosive to refining equipment, which reduces the risk of leaks and spills that can harm the environment.
4. How does Syncrude Sweet Premium Crude Oil compare to other grades of crude oil?
Syncrude Sweet Premium Crude Oil is considered a higher quality grade of crude oil due to its low sulfur content and high API gravity. It is often preferred over heavier crude oils because it is easier to refine and produces a higher yield of valuable products.
5. What are some of the challenges associated with producing Syncrude Sweet Premium Crude Oil?
One of the biggest challenges associated with producing Syncrude Sweet Premium Crude Oil is the cost. The process of extracting and upgrading the bitumen is expensive, which makes Syncrude Sweet Premium Crude Oil one of the more expensive grades of crude oil on the market. Additionally, the production process is energy-intensive and can result in higher greenhouse gas emissions compared to other types of oil production. However, efforts are being made to mitigate these challenges and make the production of Syncrude Sweet Premium Crude Oil more sustainable.
Sources of Information
The information presented in this article is based on a variety of sources, including:
- The Syncrude website: https://www.syncrude.ca/
- The Canadian Association of Petroleum Producers: https://www.capp.ca/
- The Government of Canada's Natural Resources website: https://www.nrcan.gc.ca/
- The Alberta Energy Regulator: https://www.aer.ca/
- The Oil Sands Magazine: https://www.oilsandsmagazine.com/
We have made every effort to ensure that the information provided in this article is accurate and up-to-date. However, we cannot guarantee the accuracy or completeness of the information, and we are not responsible for any errors or omissions.
If you have any questions or concerns about the information presented in this article, we encourage you to consult the sources listed above or to seek advice from a qualified professional in the oil and gas industry.
