Brent Crude
Origin: North Sea (between the UK and Norway).
Type: Light & sweet crude (low sulfur content).
Benchmark Use: Sets the price for over 60% of internationally traded crude.
Regions Priced: Europe, Africa, and the Middle East.
Specification:
API Gravity: ~38.06°
Sulfur content: ~0.37%
WTI (West Texas Intermediate)
Origin: United States (mainly Texas).
Type: Very light & sweet crude.
Benchmark Use: Major reference for U.S. crude oil pricing.
Markets: Traded on the NYMEX (New York Mercantile Exchange).
Specification:
API Gravity: ~39.6°
Sulfur content: ~0.24%
Dubai/Oman Crude
Origin: Persian Gulf (Dubai and Oman).
Type: Medium to heavy & sour crude (higher sulfur).
Benchmark Use: Pricing reference for Middle Eastern oil exports to Asia.
Markets: Used by buyers in China, India, Japan, and Southeast Asia.
Specification:
API Gravity: ~31°
Sulfur content: ~2.0%
Tapis Crude
Origin: Malaysia (offshore Terengganu).
Type: Ultra light & sweet crude (very low sulfur).
Benchmark Use: Used as a pricing benchmark for high-quality crude in the Asia-Pacific region.
Markets: Valued by refiners in Singapore, Australia, and Southeast Asia.
Specification:
API Gravity: ~45.5°
Sulfur content: ~0.04%
Urals Crude
Origin: Russia (blend of crude from Western Siberia, Ural Mountains, and Volga region).
Type: Medium & sour crude.
Benchmark Use: Main export blend of Russia, used to price Russian oil in Europe and globally.
Markets: Sold mostly in Europe, with increasing redirection to Asia.
Specification:
API Gravity: ~31.5°
Sulfur content: ~1.3%
Bonny Light
Origin: Nigeria (Niger Delta)
Type: Light & sweet crude
Relevance: Muy demandado por su bajo contenido de azufre; se usa como referencia para el crudo africano.
Markets: Exportado principalmente a Europa y EE. UU.
API Gravity: ~35.3°
Sulfur Content: ~0.14%