API Gravity
Production
Density scale for crude oil. WTI runs around 40°; heavy Gulf crude can fall below 20°. The higher the API, the lighter the oil — and generally the easier it is to refine and the more it fetches at market.
Production
Density scale for crude oil. WTI runs around 40°; heavy Gulf crude can fall below 20°. The higher the API, the lighter the oil — and generally the easier it is to refine and the more it fetches at market.