Merey
$90.47USD/BBL
■ 0.00(0.00%)
- Class
- Extra Heavy/Sour
- API
- 13°
- Sulfur
- 3.5%
Crude grade comparison
Merey vs Cerro Negro
Price, Merey spread, quality and refinery yields side by side. Updated .
VS
Merey – Cerro Negro spread
-- USD/BBL · Merey premium
Cerro Negro
--
--
- Class
- Extra Heavy/Sour
- API
- 16 (upgraded blend)°
- Sulfur
- 3.6%
Merey Crude vs Cerro Negro Crude: on July 06, 2026 Merey settled at $90.47/bbl (0.00%) and Cerro Negro price information is not available. Merey is extra heavy/sour crude (13° API, 3.5% sulfur); Cerro Negro is extra heavy/sour crude (16 (upgraded blend)° API, 3.6% sulfur).
Crude quality
Quality & refinery yields
How the two crudes differ in the barrel. Each property uses its own scale.
- Merey Crude
- Cerro Negro Crude
Physical & chemical properties
API gravityhigher = lighter
M13°
CN16 (upgraded blend)°
Sulfur contenthigher = sourer
M3.5%
CN3.6%
Densityhigher = heavier
M1.01 g/cm³
CN g/cm³
Viscosityhigher = thicker
M350 cSt
CN cSt
Pour pointhigher = waxier
M15 °C
CN °C
Typical refinery yields
Gasoline% of barrel
MOct-15%
Diesel% of barrel
M20-25%
Jet fuel% of barrel
M03-05'%
Residual fuel% of barrel
M45-50%
Bars show each yield range; the faint part runs from 0 to the low end. Scale 0–50%.
Full specification comparison
| Property | Merey Crude | Cerro Negro Crude | Merey − Cerro Negro |
|---|---|---|---|
| Classification | |||
| Classification | Extra Heavy/Sour | Extra Heavy/Sour | |
| Origin | Venezuela (Maracaibo Lake) | Cerro Negro, Orinoco Belt | |
| Chemical properties | |||
| API gravity | 13° API | 16 (upgraded blend)° API | -3 °API |
| Sulfur content | 3.5% | 3.6% | -0.1% |
| Density | 1.01 g/cm³ | g/cm³ | +1.01 g/cm³ |
| Pour point | 15 °C | °C | +15 °C |
| Viscosity | 350 cSt | cSt | +350 cSt |
| Typical refinery yields | |||
| Gasoline | Oct-15% | % | +15 pts |
| Diesel | 20-25% | % | +25 pts |
| Jet fuel | 03-05'% | % | +5 pts |
| Residual fuel | 45-50% | % | +50 pts |
| Trading & logistics | |||
| Delivery basis | Lake Maracaibo terminals | ||
| Major exchanges | Spot differential, limited pricing | ||
| Export hub | Jose Terminal, Lake Maracaibo | ||
| Main destinations | US Gulf cokers, Asia upgraders | US Gulf Coast, Asia | |
| Benchmark type | Regional/Specialty | ||
| Market profile | |||
| Key characteristics | Venezuelan extra-heavy, requires upgrading | Upgraded/blended extra-heavy Orinoco crude | |
| Refining notes | Requires significant processing; blending/upgrading | Coker/heavy refinery feedstock | |
FAQ
Merey vs Cerro Negro questions
The spread, the quality gap and why each grade is a benchmark.
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July 06, 2026 Merey Crude was $90.47 and Cerro Negro Crude $ per barrel, so Cerro Negro traded at a premium of $0 over Merey. Over the previous 30 shared price days the spread averaged -- $/bbl, with Cerro Negro priced above Merey on 0 day(s).
Merey Crude is a extra heavy/sour Venezuela (Maracaibo Lake) crude (13° API, 3.5% sulfur) and Regional/Specialty benchmark. Cerro Negro Crude is a extra heavy/sour Cerro Negro, Orinoco Belt crude (16 (upgraded blend)° API, 3.6% sulfur) and benchmark.