Benchmark West Texas Intermediate crude assayed
The paper gives an assay of West Texas Intermediate, one of the world's market crudes. The price of this crude, known as WTI, is followed by market analysts, investors, traders, and industry managers around the world. WTI price is used as a benchmark for pricing all other US crude oils. The 41[degree] API < 0.34 wt % sulfur crude is gathered in West Texas and moved to Cushing, Okla., for distribution. The WTI posted prices is the price paid for the crude at the wellhead in West Texas and is the true benchmark on which other US crudes are priced. The spot price is the negotiated price for short-term trades of the crude. And the New York Mercantile Exchange, or Nymex, price is a futures price for barrels delivered at Cushing.
- OSTI ID:
- 6947736
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 92:33; ISSN OIGJAV; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
023000 -- Petroleum-- Properties & Composition
API GRAVITY
CHEMICAL PROPERTIES
CORRELATIONS
DENSITY
ELEMENTS
ENERGY SOURCES
FOSSIL FUELS
FUELS
IRON
MELTING POINTS
METALS
NICKEL
NITROGEN
NONMETALS
PETROLEUM
PETROLEUM FRACTIONS
PHYSICAL PROPERTIES
POUR POINT
PRICES
SULFUR CONTENT
THERMODYNAMIC PROPERTIES
TRANSITION ELEMENTS
TRANSITION TEMPERATURE
VANADIUM
VISCOSITY
WELLHEAD PRICES