Editor’s Note: While the API initially reflected a huge crude build, Reuters data released shortly after painted a starkly ...

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $65.64 per barrel, ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose sharply for the second week in a row, this time gaining an additional ...

According to the EIA’s Today in Energy, “light, sweet crude oil, defined as having an API gravity of 35 or higher and a sulfur content of 0.3% or less” accounted for “nearly 90% of the 3.1 ...

On this specific illustrative graph, the light oil produced in some areas of the Eagle Ford is labeled as "condensate" and is shown for illustration as having API gravity in the low-50s.

The American Petroleum Institute reportedly shows another surprise build of 19.1M barrels of oil in U.S. commercial stockpiles for the week ending July 11, the largest weekly build reported by the API ...

The crude oil price escalation and de-escalation formula for change in API gravity may result in payment of a higher price for a crude oil as a result of the increase in API gravity ...

Light oil is characterized by an API gravity of at least 22°, and extra-heavy oil has an API gravity of less than 10°.

The WTI crude has a gravity of between 38 and 44 degrees, and this API gravity is concentrated in the Midland and southern Delaware basins, according to RBN Energy.

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. Read more here.

Low gravity (heavy oil), involves crude with a 20 API and lower, and are rich in sulfur. Medium gravity involves crude falling in the 21 API to 34 API range. High gravity (light oil) involves ...