Crude oil producers can sell crude oil futures contracts to secure their profit at the current price and protect their businesses from severe price fluctuations in the future. For example, say crude oil is trading at $67.00 per barrel, and it costs Company X, an oil-producing company, $40.00 to produce one barrel of crude. Crude Oil Specifications Continental Refining Company will not accept crude oil containing halogenated, chlorinated or oxygenated organic compounds (such as but not limited to Carbon Tetrachloride, 1, 1 Dichloroethane, Trichloroethane or Tetrachloroethane, Isopropyl Alcohol, Ethyl Alcohol, Methanol, Glycol, Acetone). Iranian Crude Oil Specifications - NIOC International Affairs فارسی +982161651