2007-03-22 23:40:03 · 4 answers · asked by confused 2 in Business & Finance ➔ Investing
Somewhat complicated to answer, but I will give it a try.
"light" crude contains little wax. "heavy" crude contains more wax. Light crudes are more efficient and easier to turn into gasoline. There is no specified cut off that I know of between the two it is somewhat subjective and refers more to where the oil came from. West Texas Intermediate is light and sweet.
"Sweet" refers to the amount of sulfur in the oil. Less than 0.5% is considered sweet.
Brent refers to the oil pumped from the Brent fomations in the North Sea, which you already knew. Broom, Rannoch, Etive, Ness and Tarbert.
Brent is also a light crude but not so light as WTI. It is also a sweet crude containing 0.37% sulfur. But not so sweet as WTI containing 0.24% sulfur.
2007-03-23 02:02:15 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Light sweet crude oil you are referring to is the difference in the sulfur content at < 1.0%
2016-03-29 00:47:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
usually around 40 cents
2007-03-23 01:47:11 · answer #3 · answered by Jo Blo 6 · 0⤊ 0⤋
It refers the where the oil is produced, generally.
see http://www.platts.com/Oil/Resources/News%20Features/crudeanalysis/index.xml
2007-03-23 01:56:50 · answer #4 · answered by ORQ 1 · 0⤊ 0⤋