Crude grade comparison

Captain vs Peng Lai

Captain field, North Sea

Captain

--
--
Class
Heavy/Sour
API
19°
Sulfur
0.5%
VS
Captain – Peng Lai spread -- · Captain premium
Penglai field, Bohai Bay

Peng Lai

--
--
Class
Heavy/Sour
API
20°
Sulfur
0.3%

Captain is heavy/sour crude (19° API, 0.5% sulfur); Peng Lai is heavy/sour crude (20° API, 0.3% sulfur).

Crude quality

Quality & refinery yields

How the two crudes differ in the barrel. Each property uses its own scale.

  • Captain Crude
  • Peng Lai Crude

Physical & chemical properties

API gravityhigher = lighter
C19°
PL20°
Sulfur contenthigher = sourer
C0.5%
PL0.3%
Densityhigher = heavier
C g/cm³
PL g/cm³
Viscosityhigher = thicker
C cSt
PL cSt
Pour pointhigher = waxier
C °C
PL °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

Full specification comparison of Captain Crude and Peng Lai Crude
PropertyCaptain CrudePeng Lai CrudeCaptain − Peng Lai
Classification
ClassificationHeavy/SourHeavy/Sour
OriginCaptain field, North SeaPenglai field, Bohai Bay
Chemical properties
API gravity19° API20° API-1 °API
Sulfur content0.5%0.3%+0.2%
Density g/cm³ g/cm³0 g/cm³
Pour point °C °C0 °C
Viscosity cSt cSt0 cSt
Typical refinery yields
Gasoline%%0 pts
Diesel%%0 pts
Jet fuel%%0 pts
Residual fuel%%0 pts
Trading & logistics
Delivery basisFOB
Major exchanges
Export hubNorth Sea offshore loading
Main destinationsNorthwest EuropeChina
Benchmark type
Market profile
Key characteristicsHeavy, viscous North Sea crudeHeavy Chinese offshore crude
Refining notesFuel oil feedstockFuel oil feedstock
FAQ

Captain vs Peng Lai questions

The spread, the quality gap and why each grade is a benchmark.

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Captain Crude was $ and Peng Lai Crude $ per barrel, so Peng Lai traded at a premium of $0 over Captain. Over the previous 30 shared price days the spread averaged -- $/bbl, with Peng Lai priced above Captain on 0 day(s).

Captain Crude is a heavy/sour Captain field, North Sea crude (19° API, 0.5% sulfur) and benchmark. Peng Lai Crude is a heavy/sour Penglai field, Bohai Bay crude (20° API, 0.3% sulfur) and benchmark.