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Crude Oil is a naturally occurring liquid hydrocarbon extracted from underground reservoirs and used as a primary feedstock for the production of refined petroleum products. Depending on its origin and specifications, crude oil may vary by API gravity, sulfur content, density, viscosity, and chemical composition.
Crude oil is refined into products such as gasoline, diesel fuel, Jet A1, fuel oil, LPG, lubricants, asphalt, and petrochemical feedstocks.
Product: Crude Oil
Common Grades: Light, Medium, and Heavy Crude
Key Specifications: API Gravity, Sulfur Content, Density, Viscosity, BS&W, and Sediment
Delivery: FOB / CIF
Inspection: SGS or equivalent independent quantity and quality inspection, where applicable
Payment: In accordance with the mutually accepted transaction procedure after required product verification
Applications: Refining, fuel production, petrochemical manufacturing, lubricants, asphalt, and other petroleum-derived products