The crude oil price escalation and de-escalation formula for change in API gravity may result in payment of a higher price for a crude oil as a result of the increase in API gravity, when the ...

Crude oil which US refineries process has generally grown lighter since 2011 because both imports and domestic production have changed, the US Energy Information Administration reported on Oct. 11.

As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large molecules ...

What is the current oil price today? WTI futures traded at $78.23 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 6.52%. Brent futures traded at $80.22/bbl, an increase of 1.44% in the ...

HOUSTON, Oct 22 (Reuters) - Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which ...

Nigerian crude headed for its largest weekly gain since June after US sanctions on major Russian producers rocked the market, ...