2012年11月9日

原油

布伦特原油,WTI原油,墨西哥湾轻质低硫原油。

 

国际市场的原油主要是指,英国北海布伦特原油(BREN),美国的西德克萨斯轻质原油(WTI),以及墨西哥湾轻质低硫原油(LLS)。

相对而言,布伦特原油是一个有参考价值的综合性原油指数。一般来说,三者相对价格比较稳定,但是因为供需,地理等因素,有时会出现价格背离。比如说美国经济强劲是,布伦特可能会相对低一点儿。同时也就创造了套利的机会。

今后,由于美国国内的油气(尤其是页岩)产量逐步上升,对外依存度会下降,也就是价格下降的因素。当然,影响原油价格的因素很多,美元指数,经济景气度,量化宽松,战争,油田事故,等等。

 

 

West Texas Intermediate (WTI) crude oil is of very high quality and is at refining a larger portion of gasoline. Its API gravity is 39.6 degrees, which makes it a "light" crude oil, and it contains only about 0.24 percent of sulfur (making a "sweet" crude oil). 

 

Brent Blend is actually a combination of crude oil from fifteen different oil fields located in the North Sea. It is still a "light" crude oil, but not quite as "light" as WTI, and it contains about 0.37 percent of sulfur (making it a "sweet" crude oil, but again slightly less "sweet" than WTI). Brent blend is good for making gasoline and middle distillates. 

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