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Unit Of Measure: Barrels
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Crude Oil API 16 is a specific grade of crude oil characterized by its American Petroleum Institute (API) gravity of 16. This gravity measurement indicates the oil’s density compared to water. API 16 crude oil is known for its moderate density and is often considered a valuable feedstock for refining processes. Refineries can process this crude oil to yield a range of valuable products, including gasoline, diesel, and other essential fuels. Its composition makes it a key player in the global energy market, contributing to the production of diverse petroleum-based products.

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