Light or Heavy, Sweet or Sour crude oil - price difference

What is the difference between Light and Heavy, Sweet and Sour crude oil ? Which of these crude oils are more valuable ?

22 Feb 2020 at 06:45 PM

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In general, the main differences between Light and Heavy, Sweet and Sour crude oils are:

Light crude oil has a lower density and flows freely at room temperature. It has higher price than heavy crude oil, because it produces a higher percentage of gasoline or diesel fuel.
Heavy crude oil has a higher density than light crude oil.

Sweet crude oil contains lower level of sulfur, therefore it is easy to refine, more desirable and valuable than sour crude.
Sour crude oil contains higher level of sulfur, what makes it more expensive to refine.

The most valuable type of crude oil is Light sweet crude oil.

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