The Top 10 Crude Oil Importers and Exporters in 2020

The Top 10 Crude Oil importing and exporting countries in 2020 are shown in the table below. As expected, China is the world’s largest importer and Saudi Arabia is the top exporter. Russia is the second largest exporter followed by Iraq and the US. Of all the countries in this list, the US is the …

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National Oil Companies List by Country

In the oil and natural gas industry, there is a group of companies called the National Oil Companies (NOCs). Unlike the private oil companies like Exxon(XOM), BP(BP), etc. the NOCs are majority or fully owned by the government of the country where they are located. For example, Pemex, the largest oil company of Mexico is …

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How Are Different Types of Crude Oil Classified?

Have you ever wondered why crude oil is called as sweet crude, light crude, sour crude, light sweet crude, etc. ? Crude oil is classified based on two factors: API Gravity and Sweetness. 1.API Gravity: 1.API Gravity is oil’s density to water and ranges from “light” to “heavy”. The market’s preferred type is the “light” …

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