Venezuelan crude oil grades

13 Feb 2019 Venezuela's heavy crudes, such as Merey, have few close substitutes, with the nearest being grades such as Brazil's Marlim, Mexico's Maya, Canada's Bow River and Cold Lake, or Iraq's Basra Heavy. Most of those crudes have  30 Jan 2019 Venezuela's heavy grades of crude are not easily replaced by lighter WTI. As a result, prices for competing streams of heavy oil have rallied as refiners scramble to replace barrels they will lose from Venezuela. Mars, a medium-  30 Jan 2019 Sanctions on Venezuela's crude have pushed up the price of US sour-grade Mars crude oil by 2% as refineries attempt to secure stock to replace Venezuela's heavy oil production, international media reported on Tuesday.

7 Jan 2019 Venezuela's conventional crude oil is heavy and sour by international standards. As a result, much of Venezuela's oil production must go to specialized domestic and international refineries. The country's most prolific  9 Jun 1997 Two important Venezuelan crude oils from Venezuela's Anzo tegui state have been assayed. Heavy Merey has an API gravity of 15° and contains 2.7 wt % sulfur, and Leona has an API gravity of 24° and a sulfur content of 1.5  20 Feb 2019 Venezuelan oil output. Production has declined very sharply since 2015, falling to about 1.2 million barrels per day by early 2019. The output of crude is about one-third as high as in 1998, when the late president Hugo  21 Jun 2018 Despite its production declines, Venezuela was still the. 12th largest producer of petroleum in the world in 2017. Venezuela's conventional crude oil is heavy and sour by international standards. As a result, much of. Venezuela's 

The energy and oil ministry said it had certified an additional 12.4 billion barrels (2.0 × 10 ^ 9 m 3) of proven reserves in the country's Faja del Orinoco region. In February 2008, Venezuelan proven oil reserves were 172 billion barrels (27 × 10 ^ 9 m 3).

20 Feb 2019 Venezuelan oil output. Production has declined very sharply since 2015, falling to about 1.2 million barrels per day by early 2019. The output of crude is about one-third as high as in 1998, when the late president Hugo  21 Jun 2018 Despite its production declines, Venezuela was still the. 12th largest producer of petroleum in the world in 2017. Venezuela's conventional crude oil is heavy and sour by international standards. As a result, much of. Venezuela's  12 Feb 2019 In an oil market already tighter on heavy crude grades due to OPEC's production cuts and U.S. sanctions on Iran's oil, refiners now face an even tighter supply of heavy crude with the sweeping U.S. sanctions on Venezuela's  in Venezuela. Not only will this be of value in specific projects and areas, it will also benefit and stabilize world oil supplies in the long the liquid oil of all types delineated worldwide to date, synthetic crude oil from a feedstock that probably . 5 Nov 2019 CARACAS (Reuters) – Venezuelan state oil company PDVSA and Chevron Corp plan to turn their joint The companies plan to begin producing Hamaca-grade synthetic crude for export at the plant early next year, said the  13 Feb 2019 Venezuela's heavy crudes, such as Merey, have few close substitutes, with the nearest being grades such as Brazil's Marlim, Mexico's Maya, Canada's Bow River and Cold Lake, or Iraq's Basra Heavy. Most of those crudes have 

Marathon, which gets most of its sour crude from Canada, said the grade would make up about 54 percent of its throughput this quarter, down from 59 percent a year ago. The company also cited a narrowing of price differentials between heavy and light crudes. It bought about 36,500 bpd of Venezuelan crude in April.

PDVSA processes crude oil at 20 refineries: five in Venezuela and 15 in the rest of the world. Many products are obtained from oil, from extremely volatile gases and liquids like gasoline, to very thick fluids such as asphalt and even solids such   The energy and oil ministry said it had certified an additional 12.4 billion barrels (2.0 × 10 ^ 9 m 3) of proven reserves in the country's Faja del Orinoco region. In February 2008, Venezuelan proven oil reserves were 172 billion barrels (27 × 10 ^ 9 m 3). Venezuela’s output has fallen significantly since global crude oil prices fell from their peak in mid–2014. The production declines have been especially acute since mid–2016, with Venezuela’s crude oil output falling by 755,000 barrels per day (b/d) between June 2016 and May 2018.

9 Jun 1997 Two important Venezuelan crude oils from Venezuela's Anzo tegui state have been assayed. Heavy Merey has an API gravity of 15° and contains 2.7 wt % sulfur, and Leona has an API gravity of 24° and a sulfur content of 1.5 

Venezuela. 22. BACHAQUERO HEAVY. Venezuela. 23. BADAK. Indonesia. 24. BAHREGANSAR/NOWRUZ. Iran. 25. LIST OF CRUDE OILS. (State/Country Alphabets Order). CRUDE NAME. STATE /COUNTRY. PAGE. ABU AL BUKHOOSH. varieties or "grades." These grades are valued differently by refiners based on their crude qualities. Some of the more common crude oil grades that have regular price assessments are: MEH, 42.0, 0.45, US. Merey, 16.0, 2.45, Venezuela. Venezuela Crude Oil. Venezuela Crude Specifications. Anaco Wax | Mesa | Mesa 28 | Leona | Merey | Tia Juana Light. Furrial | BCF-24 | BCF-17 | Pilon | Morichal | Lagomedio | Lagotreco. Menemota | Bachaquero-13 | Tia Juana Heavy  17 Oct 2019 Venezuela sanctions alter crude oil flows from Latin America to US Gulf openings for other Latin American producers in the US, driving demand for grades similar to the heavy sour crudes Venezuela produces, in particular.

Brent Blend is actually a combination of different oils from 15 fields throughout the Scottish Brent and Ninian systems located in the North Sea. Its “API Gravity” is 38.3 degrees, which makes it a “light” crude oil, but clearly not quite as “light” as WTI.

Shell imported 538,000 barrels of Venezuelan crude in its refinery in Martinez, California, and Motiva Enterprises, a 50–50 joint venture between Shell Oil Company and Saudi Refining, imported LIST OF CRUDE OILS (C rude Name Alphabets Order) CRUDE NAME STATE /COUNTRY PAGE ABOUZAR (ARDESHIR) Iran 1. ABU AL BUKHOOSH Abu Dhabi (U.A.E.) 2. AGBARA Nigeria 3. AL AMAL Egypt 4. ALAMEIN Egypt 5. ALASKA NORTH SLOPE USA (Alaska) 6. ALBA (NORTH SEA) United Kingdom 7. ALIF (MARIB) Yemen 8. AMNA Libya 9. ARABIAN HEAVY (SAFANIYAH) Saudi Arabia 10.

Crude grades. Crude oil comes in hundreds of different varieties or "grades." These grades are valued differently by refiners based on their crude qualities.. Some of the more common crude oil grades that have regular price assessments are: Brent Blend is actually a combination of different oils from 15 fields throughout the Scottish Brent and Ninian systems located in the North Sea. Its “API Gravity” is 38.3 degrees, which makes it a “light” crude oil, but clearly not quite as “light” as WTI. Crude Oil Production in Venezuela averaged 2364.33 BBL/D/1K from 1973 until 2020, reaching an all time high of 3453 BBL/D/1K in December of 1997 and a record low of 594 BBL/D/1K in January of 2003. This page provides the latest reported value for - Venezuela Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. In the document, Venezuela's oil ministry said its pricing office must calculate exporting formulas for its five most popular crude grades: Merey, Santa Barbara, Mesa 30, Boscan and extra heavy. Decade Year-0 Year-1 Year-2 Year-3 Year-4 Year-5 Year-6 Year-7 Year-8 Year-9; 1970's: 5.39: 10.71: 11.04: 11.39: 12.63: 12.38: 16.90: 1980's: 24.81: 28.95: 23.74: 21 For the week ending on October 13, U.S. purchases of Venezuelan oil dropped to just 255,000 bpd, the lowest weekly total in EIA data stretching back to 2010. (Click to enlarge) Crude grades. Crude oil comes in hundreds of different varieties or "grades." These grades are valued differently by refiners based on their crude qualities.. Some of the more common crude oil grades that have regular price assessments are: