The Many Facets of Oil: From Crude to Refined Products

Crude oil

The raw material extracted from the earth, crude oil is a mixture of hydrocarbons. It serves as the base from which all other oil products are derived. Crudes differ in density (light to heavy) and sulphur content (sweet to sour).

Gasoline

Primarily used as fuel in internal combustion engines, gasoline is a light hydrocarbon mixture and remains one of the most traded oil derivatives.

Diesel

A mid-weight product, diesel fuels trucks, ships, and some cars, renowned for its energy efficiency.

Jet fuel

Tailored for aviation, jet fuel undergoes rigorous quality checks given the high stakes of aviation safety.

Lubricating oils

These minimise friction in engines and machinery, extending the life and efficiency of equipment.

Asphalt

The heavy residual from refining, used predominantly for road construction.

Petrochemical feedstocks

These form the base for a myriad of chemicals and plastics that shape our daily life.

Each of these products, derived from the refining process, serves specific needs, and has distinct characteristics and markets. The global oil trade isn’t just about trading a commodity; it’s about catering to a vast array of demands with precision.