West Texas Sour
West Texas Sour Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $71 | 521 | 529 | 1.69 |
| 2023-02-15 | $71 | 521 | 530 | 1.69 |
| 2023-02-14 | $72 | 525 | 533 | 1.7 |
| 2023-02-13 | $73 | 533 | 541 | 1.73 |
| 2023-02-10 | $72 | 530 | 538 | 1.72 |
| 2023-02-09 | $71 | 517 | 526 | 1.68 |
| 2023-02-08 | $71 | 520 | 529 | 1.69 |
| 2023-02-07 | $70 | 511 | 519 | 1.66 |
| 2023-02-06 | $67 | 488 | 496 | 1.59 |
| 2023-02-03 | $69 | 505 | 514 | 1.64 |
| 2023-02-02 | $68 | 501 | 510 | 1.63 |
| 2023-02-01 | $69 | 505 | 514 | 1.64 |
| 2023-01-31 | $72 | 526 | 534 | 1.71 |
| 2023-01-30 | $71 | 518 | 527 | 1.68 |
| 2023-01-27 | $73 | 531 | 540 | 1.73 |
| 2023-01-19 | $73 | 536 | 545 | 1.74 |
| 2023-01-18 | $72 | 530 | 539 | 1.72 |
| 2023-01-17 | $73 | 535 | 544 | 1.74 |
| 2023-01-13 | $73 | 533 | 542 | 1.73 |
| 2023-01-12 | $71 | 522 | 531 | 1.7 |
| 2023-01-11 | $70 | 515 | 523 | 1.67 |
| 2023-01-10 | $68 | 498 | 506 | 1.62 |
| 2023-01-09 | $67 | 494 | 503 | 1.61 |
| 2023-01-06 | $67 | 488 | 496 | 1.59 |
| 2023-01-05 | $67 | 487 | 495 | 1.58 |
| 2023-01-04 | $66 | 481 | 489 | 1.56 |
| 2023-01-03 | $67 | 493 | 501 | 1.6 |
| 2022-12-30 | $74 | 545 | 554 | 1.77 |
| 2022-12-27 | $74 | 540 | 548 | 1.75 |
| 2022-12-22 | $72 | 525 | 533 | 1.7 |
West Texas Sour Historical price
- In 2017 maximum price $54 per bbl (2017-12-28)
- In 2018 maximum price $39 per bbl (2018-12-31)
- In 2019 maximum price $55 per bbl (2019-12-31)
- In 2020 maximum price $42 per bbl (2020-12-31)
- In 2021 maximum price $69 per bbl (2021-12-30)
- In 2022 maximum price $74 per bbl (2022-12-30)
- In 2023 maximum price $71 per bbl (2023-02-16)
Understanding West Texas Sour Crude Oil: A Comprehensive Guide
West Texas Sour crude oil, also known as WTS, is a type of crude oil that is widely produced in the United States. This type of crude oil is known for its high sulfur content, which gives it a sour taste and strong odor. In this article, we will dive deep into the characteristics, production, and significance of West Texas Sour crude oil.
Characteristics of West Texas Sour Crude Oil
West Texas Sour crude oil is a heavy and sour grade of crude oil, with a high sulfur content ranging from 1.5% to over 4%. Due to its high sulfur content, this type of crude oil is often referred to as "sour" crude oil. In addition to its high sulfur content, West Texas Sour crude oil also has a high viscosity and a low API gravity, making it a heavy crude oil.
Another key characteristic of West Texas Sour crude oil is its low hydrogen content. This means that the oil requires more processing to remove the sulfur and upgrade the oil to a lighter and sweeter crude oil. However, the low hydrogen content also makes West Texas Sour crude oil an ideal feedstock for the production of diesel and other high-sulfur fuel products.
Production of West Texas Sour Crude Oil
West Texas Sour crude oil is primarily produced in the Permian Basin, located in West Texas and southeastern New Mexico. The Permian Basin is one of the largest oil-producing regions in the world, and it is estimated that over 30% of all crude oil production in the United States comes from this region.
The production of West Texas Sour crude oil involves the extraction of oil from underground reservoirs using various drilling methods, such as hydraulic fracturing and horizontal drilling. The crude oil is then transported to processing facilities, where it is further processed to remove impurities and upgrade the oil to a lighter and sweeter crude oil.
Significance of West Texas Sour Crude Oil
West Texas Sour crude oil is an important source of energy for the United States and the world. In addition to its high sulfur content, this type of crude oil is also rich in other minerals, such as vanadium and nickel, which are used in the production of steel and other metals.
Another important factor that makes West Texas Sour crude oil significant is its low cost of production. Due to its high sulfur content and heavy viscosity, West Texas Sour crude oil is often sold at a lower price compared to other types of crude oil. This makes it an attractive option for refineries, particularly those in the United States, which are well-equipped to process this type of crude oil.
West Texas Sour crude oil is also a critical component of the global oil market. As one of the largest producers of crude oil in the world, the United States is a significant player in the global oil market, and West Texas Sour crude oil plays a key role in shaping the market dynamics.
Conclusion
In conclusion, West Texas Sour crude oil is a heavy and sour grade of crude oil that is widely produced in the United States. With its high sulfur content, low hydrogen content, and low cost of production, this type of crude oil is an important source of energy for the United States and the world. Whether it is as a feedstock for the production of diesel and other high-sulfur fuel products, or as a critical component of the global oil market, West Texas Sour crude oil plays a crucial role in shaping the energy landscape.
Understanding West Texas Sour Crude Oil: A Comprehensive Guide
West Texas Sour crude oil, also known as WTS, is a type of crude oil that is widely produced in the United States. This type of crude oil is known for its high sulfur content, which gives it a sour taste and strong odor. In this article, we will dive deep into the characteristics, production, and significance of West Texas Sour crude oil.
Characteristics of West Texas Sour Crude Oil
West Texas Sour crude oil is a heavy and sour grade of crude oil, with a high sulfur content ranging from 1.5% to over 4%. Due to its high sulfur content, this type of crude oil is often referred to as "sour" crude oil. In addition to its high sulfur content, West Texas Sour crude oil also has a high viscosity and a low API gravity, making it a heavy crude oil.
Another key characteristic of West Texas Sour crude oil is its low hydrogen content. This means that the oil requires more processing to remove the sulfur and upgrade the oil to a lighter and sweeter crude oil. However, the low hydrogen content also makes West Texas Sour crude oil an ideal feedstock for the production of diesel and other high-sulfur fuel products.
Production of West Texas Sour Crude Oil
West Texas Sour crude oil is primarily produced in the Permian Basin, located in West Texas and southeastern New Mexico. The Permian Basin is one of the largest oil-producing regions in the world, and it is estimated that over 30% of all crude oil production in the United States comes from this region.
The production of West Texas Sour crude oil involves the extraction of oil from underground reservoirs using various drilling methods, such as hydraulic fracturing and horizontal drilling. The crude oil is then transported to processing facilities, where it is further processed to remove impurities and upgrade the oil to a lighter and sweeter crude oil.
Significance of West Texas Sour Crude Oil
West Texas Sour crude oil is an important source of energy for the United States and the world. In addition to its high sulfur content, this type of crude oil is also rich in other minerals, such as vanadium and nickel, which are used in the production of steel and other metals.
Another important factor that makes West Texas Sour crude oil significant is its low cost of production. Due to its high sulfur content and heavy viscosity, West Texas Sour crude oil is often sold at a lower price compared to other types of crude oil. This makes it an attractive option for refineries, particularly those in the United States, which are well-equipped to process this type of crude oil.
West Texas Sour crude oil is also a critical component of the global oil market. As one of the largest producers of crude oil in the world, the United States is a significant player in the global oil market, and West Texas Sour crude oil plays a key role in shaping the market dynamics.
FAQs
-
What is West Texas Sour crude oil? West Texas Sour crude oil is a type of crude oil that is widely produced in the United States. It is known for its high sulfur content, which gives it a sour taste and strong odor.
-
How is West Texas Sour crude oil produced? West Texas Sour crude oil is primarily produced in the Permian Basin, located in West Texas and southeastern New Mexico. The production process involves the extraction of oil from underground reservoirs using various drilling methods, such as hydraulic fracturing and horizontal drilling.
-
Why is West Texas Sour crude oil significant? West Texas Sour crude oil is significant because it is an important source of energy for the
United States and the world. It is also an attractive option for refineries due to its low cost of production and its role as a critical component of the global oil market.
-
Is West Texas Sour crude oil expensive? West Texas Sour crude oil is often sold at a lower price compared to other types of crude oil due to its high sulfur content and heavy viscosity. This makes it a more affordable option for refineries.
-
What are the key characteristics of West Texas Sour crude oil? West Texas Sour crude oil is known for its high sulfur content, heavy viscosity, low API gravity, and low hydrogen content. These characteristics make it a heavy and sour grade of crude oil that requires more processing to remove impurities and upgrade the oil to a lighter and sweeter crude oil.
In conclusion, West Texas Sour crude oil is a unique and important type of crude oil that plays a critical role in the global energy market. To learn more about West Texas Sour crude oil and the oil industry, we recommend visiting the Energy Information Administration (EIA) website ( https://www.eia.gov/). The EIA is a reliable source of information and data on the energy industry, including crude oil production and market trends.
