tapis crude oil
Tapis crude is a Malaysian crude oil used as a pricing benchmark in Singapore. For example during the 2020 recession the price of West Texas Intermediate WTI tumbled. Diagram Showing Fractional Distillation Crude Oil Illustration Download A Free Preview Or High Quality Adobe Il Fractional Distillation Crude Oil Distillation ExxonMobil and Malaysias state-owned Petronas in June 2009 signed a production sharing contract for further development of seven ageing fields -- Tapis Seligi Guntong Semangkok Irong Barat Tabu and Palas -- located. . Tapis is very light with an API gravity of 43-45 and very sweet with only about 004 sulphur. Tapis crude oil is used as a pricing benchmark in Singapore. As a general rule a crude oil grade with high sulfur content will have a lower value. Production is currently approximately 300kbd. Tapis has an API gravity of 452 degrees and a sulfur content of 00343. These market prices include the Sin