Dubai_Crude

Dubai Crude

Dubai Crude

Medium sour crude oil

Dubai Crude is a medium sour crude oil extracted from Dubai. Dubai Crude is used as a price benchmark or oil marker because it is one of only a few Persian Gulf crude oils available immediately. There are two other main oil markers: Brent Crude and West Texas Intermediate.

Dubai crude oil in USD per barrel
  Dubai crude
  WTI Crude
  West Texas Intermediate
  Brent Crude
  Urals oil (Russian export mix)
  Dubai Crude
  OPEC Reference Basket

Dubai Crude is generally used for pricing Persian Gulf crude oil exports to Asia. The Dubai benchmark is also known as Fateh, used in the United Arab Emirates.[1] Forward trade of Dubai Crude is limited to one or two months.

Dubai Crude is a medium oil. It has a gravity of 31° API (specific gravity of 0.871) and a sulfur content of 2%/weight.[2]

See also

References

  1. [1]
    "Crude Benchmark Analysis". Archived from the original on March 22, 2006. Retrieved 2006-10-08.
  2. [2]
    Supplement 3 (1997), Oil Trading Manual, Long, D. (Ed.), Cambridge: Woodhead Publishing Limited.
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