Balder
--
--
- Class
- Medium Heavy/Sour
- API
- 22°
- Sulfur
- 0.5%
Crude grade comparison
Balder vs Marlim
VS
Balder – Marlim spread
-- · Balder premium
Marlim
--
--
- Class
- Medium Heavy/Sour
- API
- 19.6°
- Sulfur
- 0.75%
Balder is medium heavy/sour crude (22° API, 0.5% sulfur); Marlim is medium heavy/sour crude (19.6° API, 0.75% sulfur).
Crude quality
Quality & refinery yields
How the two crudes differ in the barrel. Each property uses its own scale.
- Balder Crude
- Marlim Crude
Physical & chemical properties
API gravityhigher = lighter
B22°
M19.6°
Sulfur contenthigher = sourer
B0.5%
M0.75%
Densityhigher = heavier
B g/cm³
M g/cm³
Viscosityhigher = thicker
B cSt
M cSt
Pour pointhigher = waxier
B °C
M °C
Typical refinery yields
Gasoline% of barrel
Diesel% of barrel
Jet fuel% of barrel
Residual fuel% of barrel
Bars show each yield range; the faint part runs from 0 to the low end. Scale 0–50%.
Full specification comparison
| Property | Balder Crude | Marlim Crude | Balder − Marlim |
|---|---|---|---|
| Classification | |||
| Classification | Medium Heavy/Sour | Medium Heavy/Sour | |
| Origin | Balder field, North Sea | Marlim field, Campos Basin | |
| Chemical properties | |||
| API gravity | 22° API | 19.6° API | +2.4 °API |
| Sulfur content | 0.5% | 0.75% | -0.25% |
| Density | g/cm³ | g/cm³ | 0 g/cm³ |
| Pour point | °C | °C | 0 °C |
| Viscosity | cSt | cSt | 0 cSt |
| Typical refinery yields | |||
| Gasoline | % | % | 0 pts |
| Diesel | % | % | 0 pts |
| Jet fuel | % | % | 0 pts |
| Residual fuel | % | % | 0 pts |
| Trading & logistics | |||
| Delivery basis | FOB | ||
| Major exchanges | |||
| Export hub | North Sea offshore loading | ||
| Main destinations | Northwest Europe | US Gulf Coast, Asia, Europe | |
| Benchmark type | Major Brazilian export benchmark | ||
| Market profile | |||
| Key characteristics | Heavier North Sea crude compared to Brent-quality streams | Medium-heavy Brazilian deepwater crude, key Campos Basin grade | |
| Refining notes | Fuel oil/heavier distillate feedstock | Fuel oil/heavier feedstock | |
FAQ
Balder vs Marlim questions
The spread, the quality gap and why each grade is a benchmark.
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Balder Crude was $ and Marlim Crude $ per barrel, so Marlim traded at a premium of $0 over Balder. Over the previous 30 shared price days the spread averaged -- $/bbl, with Marlim priced above Balder on 0 day(s).
Balder Crude is a medium heavy/sour Balder field, North Sea crude (22° API, 0.5% sulfur) and benchmark. Marlim Crude is a medium heavy/sour Marlim field, Campos Basin crude (19.6° API, 0.75% sulfur) and Major Brazilian export benchmark benchmark.