Light Crude Oil
Definition - What does Light Crude Oil mean?
Light Crude Oil is liquid petroleum which contains a low density and can flow freely at room temperature. It has a low specific gravity, high API gravity and low viscosity because of the presence of high percentage of fractions of light hydrocarbons. It is composed of a high number of paraffins, which are branched and straight chain hydrocarbons that have high hydrogen to carbon ratio. It contains two hydrogen atoms each for a single carbon atom. It is considered that the best Light Crude Oil contains approximately 60 percent of paraffin.
Petropedia explains Light Crude Oil
Light Crude Oil is liquid petroleum which generally has a low wax content. The oil has a higher price than heavy crude oil on the commodity market as it produces a high proportion of diesel fuel and gasoline when transformed into products by oil refineries. Light Crude Oil has a low sulfur content and it is easy to refine and produce greater volumes of diesel and various other end products. There are various types of Light Crude Oil that can be purchased, they include:
- Saudi Light Crude Oil which is extracted in Saudi Arabia.
- Brent crude oil which is extracted in the North Sea.
- Bonny light and Forcados crude oil, both extracted in Africa.
The standard and prices of these crude oils vary from each other.