원유 Crude Oil

3 Benchmarks of Crude Oil (https://www.investopedia.com/articles/investing/102314/understanding-benchmark-oils-brent-blend-wti-and-dubai.asp)

https://www.youtube.com/watch?v=bNQKJAXBYeQ

https://www.youtube.com/watch?v=veTbuLu7znc

1. WTI (Cushing, Oklahoma)

   • WTI continues to be the main benchmark for oil consumed in the United States

   • The product itself is very light and very sweet, making it ideal for gasoline refining

   • Transport: drawbacks to West Texas crude as it’s relatively expensive to ship to certain parts of the globe.

2. Brent Oil (North Sea Sullom Voe): ~80%

   • Brent” actually refers to oil from five different fields in the North Sea: Brent, Forties, Oseberg, Ekofisk, and Troll.

   • Transport: the supply is waterborne, it’s easy to transport to distant locations

   • Crude from this region is light and sweet, making it ideal for the refining of diesel fuel, gasoline, and other high-demand products

3. Dubai Oil

   • Middle Eastern crude is a useful reference for oil of a slightly lower grade than WTI or Brent

   • Dubai benchmark is the main reference for Persian Gulf oil delivered to the Asian market (A “basket” product consisting of crude from Dubai, Oman, and Upper Zakum)

   • it’s somewhat heavier and has higher sulfur content, putting it in the ...