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related
oil topics
Sweet
Crude Oil
Barrels of crude
oil vary by a number of factors. The main defining characteristics
of sweet
crude are its low amounts of sulfur (occurring at less than.5%),
hydrogen sulfide and carbon dioxide.
Specifically for trading purposes, the NYMEX spells out content
requirements.
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Sweet
crude has a higher viscosity than light
sweet crude yet is more pure and has less sulfur content
than what is considered sour crude (where sulfur levels exceed
.5%).
Among some of the major barrel producing countries are Saudia
Arabia, Kuwait, the United Kingdom, the United States (Texas
Sweet Light) and Norway. |
As the name implies, sweet crude does carry a touch of sweetness.
In fact, many drillers of old were rather accustomed to putting up
the tongue-test on the oil to assess their find (but is definitely not
recommended).
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