Although variously defined, the upper limit for heavy oil is 22° API gravity with a viscosity of 100 cp (centipoise). The American Petroleum Institute's "API gravity" is a standard to express the ...

By Newsbase MENA syndicate Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels altogether, the head of the exploration department of the National Iranian Oil Co.

Nigeria is set to introduce a new medium sweet crude, Obodo, in April, produced by Continental Oil and marketed by NNPC.

The federal government is set to introduce a new crude grade, medium sweet Obodo, which is projected to hit the market in ...

A new Nigerian crude grade, medium sweet Obodo, is set to enter the market in April, The PUNCH has learned.According to Argus Media on Thursday, an independent energy and commodity price benchmarks ...

Oil futures dips after API reports jump in domestic crude stockpiles By Investing.com - Mar 18, 2025 3 Investing.com -- U.S. crude oil futures fell below post-settlement levels Tuesday despite the ...

Nigeria's newest crude oil grade, the sweet Obodo blend, is reportedly ready for export to European markets alongside other ...

WTI is also referred to as “light” and “sweet” because of its relatively low gravity ... WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API ...

HOUSTON, March 4 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 1.455 million barrels of crude oil in U.S. inventories for the week ending Feb. 28. Analysts ...

WTI price declines as the US reaches a truce with Ukraine and Russia, potentially enabling Russian Oil to re-enter global ...