Notes: Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and may be delayed. 

West Texas Intermediate (WTI), also known as Texas light sweet, represents local fundamentals for crude oil in the U.S. and sent via pipeline to Cushing, Oklahoma. It is described as light and sweet crude oil because of its relatively low density and low sulfur content. It is a grade of crude oil used as a benchmark in oil pricing and a underlying commodity of New York Mercantile Exchange's oil futures contracts. WTI is a light crude oil with an API gravity of around 39.6 and specific gravity of about 0.827. It also is a sweet crude oil which contains approximately 0.24% of sulphur. WTI crude oil is lighter and sweeter than Brent blend.

Brent Crude (also known as Brent Blend, or London Brent) is described as light and sweet crude oil because of its relatively low density and low sulfur content. It serves as a benchmark price for two-thirds of all crude oil trading around the world. Brent crude is extracted from the North Sea including Brent Blend, Forties Blend, Oseberg and Ekofisk crudes. Brent blend is a light crude oil (LCO) which contains approximately 0.37% of sulphur, however, not sweet as West Texas Intermediate (WTI).

Natural gas is a hydrocarbon gas mixture consisting primarily of methane, and also contains varying amounts of other higher alkanes. Sometimes it usually includes lesser percentage of carbon dioxide, nitrogen, and/or hydrogen sulfide. It is also used as fuel for vehicles and as a chemical feedstock in the manufacture of plastics and other commercially important organic chemicals. Natural gas prices are mainly driven by supply and demand fundamentals, and it may be also affected by the price of crude oil or petroleum products, especially in continental Europe. It is noted that the prices of natural gas delivered to consumers are $ per 1 Mcf of pipeline-quality gas which is equal to $ per MMBtu multiplied by 1.025.

The commonly units conversion for natural gas:

1 MMBtu (1 million BTU) = 1.054615 GJ
1000 ft3 of natural gas yields ≈ 1 MMBTU ≈ 1 GJ
1 ft3 of natural gas yields ≈ 1000 BTU
1000 m3 ≈ 36.906 MMBTU
1 MMBTU ≈ 27.096 m3

For Gasoline and Heating Oil U.S. gal to liters Conversion Table:

1 g. = 3.785 L
2 = 7.571
3 = 11.356
4 = 15.142
5 = 18.927 10 g. = 37.854 L
20 = 75.708
50 = 189.271
100 = 378.541
1000 = 3785.412

 

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