Crude grade comparison

Marlim vs Shengli

Marlim field, Campos Basin

Marlim

--
--
Class
Medium Heavy/Sour
API
19.6°
Sulfur
0.75%
VS
Marlim – Shengli spread -- · Marlim premium
Shengli field, Shandong

Shengli

--
--
Class
Medium Heavy/Sour
API
24°
Sulfur
1%

Marlim is medium heavy/sour crude (19.6° API, 0.75% sulfur); Shengli is medium heavy/sour crude (24° API, 1% sulfur).

Crude quality

Quality & refinery yields

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

  • Marlim Crude
  • Shengli Crude

Physical & chemical properties

API gravityhigher = lighter
M19.6°
S24°
Sulfur contenthigher = sourer
M0.75%
S1%
Densityhigher = heavier
M g/cm³
S g/cm³
Viscosityhigher = thicker
M cSt
S cSt
Pour pointhigher = waxier
M °C
S °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 Marlim Crude and Shengli Crude
PropertyMarlim CrudeShengli CrudeMarlim − Shengli
Classification
ClassificationMedium Heavy/SourMedium Heavy/Sour
OriginMarlim field, Campos BasinShengli field, Shandong
Chemical properties
API gravity19.6° API24° API-4.4 °API
Sulfur content0.75%1%-0.25%
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 basis
Major exchanges
Export hub
Main destinationsUS Gulf Coast, Asia, EuropeChina
Benchmark typeMajor Brazilian export benchmark
Market profile
Key characteristicsMedium-heavy Brazilian deepwater crude, key Campos Basin gradeMedium-heavy Chinese onshore/offshore crude
Refining notesFuel oil/heavier feedstockFuel oil feedstock
FAQ

Marlim vs Shengli questions

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

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

Marlim Crude is a medium heavy/sour Marlim field, Campos Basin crude (19.6° API, 0.75% sulfur) and Major Brazilian export benchmark benchmark. Shengli Crude is a medium heavy/sour Shengli field, Shandong crude (24° API, 1% sulfur) and benchmark.