BENCHMARK WEST TEXAS INTERMEDIATE CRUDE ASSAYED

Aug. 15, 1994
Anne K. Rhodes Refining/Petrochemical Editor Here is an assay of West Texas Intermediate, one of the world's market crudes. The price of this crude, known as WTI, is followed by market analysts, investors, traders, and industry managers around the world. WTI price is used as a benchmark for pricing all other U.S. crude oils. The 410 API, 0.34 wt % sulfur crude is gathered in West Texas and moved to Cushing, Okla., for distribution.
Anne K. Rhodes
Refining/Petrochemical
Editor

Here is an assay of West Texas Intermediate, one of the world's market crudes. The price of this crude, known as WTI, is followed by market analysts, investors, traders, and industry managers around the world.

WTI price is used as a benchmark for pricing all other U.S. crude oils. The 410 API, 0.34 wt % sulfur crude is gathered in West Texas and moved to Cushing, Okla., for distribution.

The WTI posted price is the price paid for the crude at the wellhead in West Texas and is the true benchmark on which other U.S. crudes are priced. The spot price is the negotiated price for short-term trades of the crude. And the New York Mercantile Exchange, or Nymex price is a futures price for barrels delivered at Cushing.

WEST TEXAS LNTERMEDIATE

CUSHING, OKLA.

Whole crude

Gravity, 0API: 40.8

Specific gravity @ 60/60 F.: 0.8212

Sulfur, wt %: 0.34

Vis., cSt @ 600 F.: 5.24

Neut. no., mg/g: 0.10

Nitrogen, wt %: 0.08

Pour pt., 0F.: -20

Light ends

C1-C5, wt %: 4.35

Range, 0F.: 68-347

Yield, vol %: 32.39

RON, clear: 56.4*

Sulfur, wt %: 0.0314

Range, 0F.: 347-563

Yield, vol %.: 23.50

Specific gravity @ 60/60: 0.8201

Sulfur, wt %: 0.110

Aniline pt., 0F.: 150.5

Vis., cSt @ 1000 F.: 1.87

Freeze pt., 0F: -25

Pour pt., 0F.: -33

Smoke pt., mm: 22.1

Range, 0F.: 563-650

Yield, vol %: 8.10

Specific gravity @ 60/60: 0.8529

Sulfur, wt %: 0.289

Aniline pt., 0F.: 176.9

Vis., cSt @ 1000 F.: 6.21

Freeze pt., 0F.: 38*

Pour pt., 0F.: 30

Range, 0F.: 650-1,049

Yield, vol %: 24.30

Specific gravity @ 60/60: 0.8960

Sulfur, wt %: 0.445

Nitrogen, wt %: 0.105

V/Ni, ppm: 0.04*/O.09*

Range, 0F.: 650-1,500

Yield, vol %: 33.30

Specific gravity @ 60/60: 0.9153

Sulfur, wt %: 0.72

Vis., cSt @ 1400 F.: 56.8

Pour pt., 0F: 78

V/Ni, ppm: 4.3/4.3

Fe, ppm: 20.2

Range, 0F.: 761-1,500

Yield, vol %: 25.30

Specific gravity @ 60/60: 0.9268

Penetration @ 250 C., mm: 2,0001

Vis., cSt @ 2120 F.: 26.70

Range, 0F.: 878-1,500

Yield, vol %: 17.95

Specific gravity @ 60/60: 0.9403

Penetration @ 250 C., mm: 2,0001

Vis., cSt @ 2120 F.: 58.7

Range, 0F.: 1,049-1,500

Yield, vol %: 9,00

Specific gravity @ 60/60: 0.9672

Penetration @ 250 C., mm: 1,035.51

Vis., cSt @ 2120 F.: 360.3

* Extrapolated

1 Estimated

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