Oil Vs Gas, Gasoline Vs Diesel, WTI Vs Brent

Oil Gas
1.   Oil is fuel that used as motor oil, crude oil and olive oil etc.

 

1.     Gas is a mixture of other gases that used for heating, cooking, producing electricity and drying clothes.

 

 

Crude Oil Natural Gas
1.     Crude Oil is source for petroleum products (Petrol, Diesel, Kerosene)

2.     Used for heating and electricity

3.     Cheaper

4.     Used for cosmetics, plastics and rubber

5.     Polluting fuel

6.     LPG in it

1.     It consists of methane, hydrocarbons and ethane

2.     Fossil fuel for heating and electricity

3.     Costlier

4.     Used for fertilizers

5.     Cleanest fuel

6.     CNG in it

 

WTI Crude Oil BRENT Crude Oil
1.     West Texas Intermediate is crude oil benchmark for oil pricing in US

2.     It is a Texas sweetest, lightest, low density and low Sulphur content

3.     WTI is used to refine larger portions of Gasoline

4.     It trades at Higher Price

5.     Huge demand in US

1.     Brent is crude oil benchmark for oil pricing in world wide

2.     It is sweet, lighter , lower density  and low Sulphur content

3.     Brent is used for making both gasoline and middle distillates (Diesel)

4.     It trades at Lower Price

5.     Huge demand in European Market

CNG Gas LPG Gas
1.     Gas for heating

2.     Compressed natural gas

3.     Composes of methane

4.     CNG lighter than air

5.     CNG less prone to accidents

6.     CNG is less polluting

1.     Gas for heating

2.     Liquefied petroleum gas

3.     Composed of propane and butane

4.     LPG heavier than air

5.     Prone to accidents

6.     Polluting

GASOLINE (PETROL) DIESEL
1.     Refined from crude oil

2.     Refined from crude oil U.S. refineries produce about 19 gallons of motor gasoline from 42 gallon barrel of crude oil

1.     Refined from crude oil

2.     U.S refiners produce about 2 gallons of diesel fuel from 42 gallon barrel of crude oil

 

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