Deliverable Crude Streams, Grades and Price Differentials

Updated on 2026-03-27
Nation Deliverable Crudes API Gravity Sulfur(%) Price Differential (Yuan / Barrel) Origins
United Arab Emirates Dubai 30 2.8 0 Fateh Terminal
United Arab Emirates Upper Zakum 33 2.0 0 Zirku Island
United Arab Emirates Murban 35 1.5 5 Fujairah Terminal or Jebel Dhanna Terminal
Sultanate of Oman Oman 30 1.6 0 Mina Al Fahal
State of Qatar Qatar Marine 31 2.2 0 Halul Island
Republic of Iraq Basrah Light 28 3.5 -5 Basrah Oil Terminal or SPM
Republic of Iraq Basrah Medium 26 ≤4.0 -10 Basrah Oil Terminal or SPM
Brazil Tupi 28 0.8 10 Angra dos Reis, Port Acu, STS Santos, STS Sao Paolo, Sao Sebastiao, and FPSO of Brazil, La Paloma of Uruguay, and other loading ports recognized by INE
Brazil Buzios ≥28 ≤0.4 10 Sao Sebastiao, Angra dos Reis, Porto do Acu, and STS Santos of Brazil, La Paloma of Uruguay, and other loading ports recognized by INE
The Republic of the Congo Djeno ≥28 ≤0.5 0 Djeno Terminal
People's Republic of China Shengli 24 1.0 -5 Dongming Oil Terminal ofSinopec Shengli Oilfield Company
1. API gravity = (141.5 / S.G.60/ 60 °F)  131.5; S.G.: as per ASTM D1298
2. Sulfur content: as per ASTM D4294.
3. Basra Light crude oil warrant with quality of 28API29 can continue to be used for futures delivery.
4. From November 1, 2022, the Basrah Medium crude oil and Tupi crude oil can be applied for standard warrants issuance and futures delivery.

Deliverable Crude Streams, Grades and Price Differentials

Updated on 2026-03-27
Nation Deliverable Crudes API Gravity Sulfur(%) Price Differential (Yuan / Barrel) Origins
United Arab Emirates Dubai 30 2.8 0 Fateh Terminal
United Arab Emirates Upper Zakum 33 2.0 0 Zirku Island
United Arab Emirates Murban 35 1.5 5 Fujairah Terminal or Jebel Dhanna Terminal
Sultanate of Oman Oman 30 1.6 0 Mina Al Fahal
State of Qatar Qatar Marine 31 2.2 0 Halul Island
Republic of Iraq Basrah Light 28 3.5 -5 Basrah Oil Terminal or SPM
Republic of Iraq Basrah Medium 26 ≤4.0 -10 Basrah Oil Terminal or SPM
Brazil Tupi 28 0.8 10 Angra dos Reis, Port Acu, STS Santos, STS Sao Paolo, Sao Sebastiao, and FPSO of Brazil, La Paloma of Uruguay, and other loading ports recognized by INE
Brazil Buzios ≥28 ≤0.4 10 Sao Sebastiao, Angra dos Reis, Porto do Acu, and STS Santos of Brazil, La Paloma of Uruguay, and other loading ports recognized by INE
The Republic of the Congo Djeno ≥28 ≤0.5 0 Djeno Terminal
People's Republic of China Shengli 24 1.0 -5 Dongming Oil Terminal ofSinopec Shengli Oilfield Company
1. API gravity = (141.5 / S.G.60/ 60 °F)  131.5; S.G.: as per ASTM D1298
2. Sulfur content: as per ASTM D4294.
3. Basra Light crude oil warrant with quality of 28API29 can continue to be used for futures delivery.
4. From November 1, 2022, the Basrah Medium crude oil and Tupi crude oil can be applied for standard warrants issuance and futures delivery.
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