Within the oil industry, crude petroleum falls under different categories. Classification of the oil depends on the physical properties like color and viscosity. In addition, molecular structures of hydrocarbon components influence categorization of this black gold commodity.
Based on density, crude oil could either be light or heavy. Scientific knowledge indicates geographical factors plays a significant role in determining the physical and molecular properties of oils. Consequently, crude oil from Qatar and that from Texas may not possess similar qualities. Presence of opportunistic chemical elements like sulfur can lead to slight modifications in molecular framework of the active hydrocarbons. In this context, it is inherent to acknowledge the fact that difference in properties translates into a corresponding effects on oil product functionality. As a result, it is common to encounter situations which prefer utilization of crude oil from a certain part of the world, as opposed to those from other geographical locations.
At this juncture, we will acknowledge existence of a specific crude petroleum dubbed Bonny Light crude oil. Bonny oil derives its name from the actual location named Bonny County in Nigeria where it was first discovered and mined for commercial application. This type of oil remains one of the most desirable and sought for oils in the whole world. United States and other Western countries import approximately 70% of the total Bonny oil produced in Nigeria into their energy systems. Currently, oil consumers in other crude petroleum producing countries like United Arab Emirates are really interested in sourcing this precious commodity from the West African nation.
Bonny oil remains popular because of its sulfur content properties. Since the history of oil discovery, Bonny oil features as the crude product with the lowest sulfur content in the oil industry. In this regard, low sulfur content makes refinery procedures easy and economical. In technical application of finished petroleum, sulfur tends to poison anti-knock additives in engine fuels. This means that low sulfur results in ineffective poisoning of the anti-knock agents; hence efficient burning of fuels in combustion engines. In addition, easy processing reduces emission of poisonous affluent to the earth's environment. With respect to environmental concerns, reduced emissions of pollutants contribute towards mitigation of global warming effects. All these positive qualities are the reasons for popularity of this light oil in subject. Presently, Bonny oil remains the most environmentally suitable type of crude oil for obtaining gasoline and heating gas. Based on increasing demand of Bonny oil, Nigerian companies are stepping up efforts to achieve an appropriate supply level. In March 2013, Nigerian Bonny oil inventory reflected that production had increased by approximately 5% compared to the previous month of February. Upon refinery and blending processes, Niger Delta Company, which is the chief producer of Bonny Light crude oil had gasoline inventory of 1.2 million barrels at the end of February. However, increased in production resulted in a increase of inventory to 1.26 million barrels at the end of March. Therefore, future increase in demand of the light oil may saw a subsequent increase in inventories as per the demand forces.