Tag: crude oil
Iraq Signs Contracts to Develop 13 Exploration Blocks, Oil and Gas Fields
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Iraq has secured preliminary agreements for the development of 13 oil and gas exploration blocks and fields, as announced by the country's oil ministry...
Oil Prices Rise Amid Middle East Tensions and U.S. Crude Stockpile Decline
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Oil prices edged higher on Wednesday as market participants responded to a notable drop in U.S. crude and gasoline inventories, coupled with growing concerns...
What Happens If You Heat Up Crude Oil?
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Crude oil, a fundamental component of the global energy infrastructure, undergoes various processes to transform it into usable products such as gasoline, diesel, and...
How Do You Refine Oil to Gasoline?
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The transformation of crude oil into gasoline is a complex and multi-step process that involves various stages of refinement and chemical manipulation. This process...
Why is Crude Oil Not Used as a Fuel?
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Crude oil, a fossil fuel composed of hydrocarbons and other organic compounds, is a critical resource in the global energy landscape. While it serves...
How Long Does It Take to Produce Gasoline from Crude Oil?
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Gasoline is an essential fuel that powers millions of vehicles around the world. However, many people might not fully understand the intricate process involved...
Edo Refinery Cries Out Over Non-Supply of Crude Oil to Start Production
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The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised concerns over the lack of crude...
Saudi Crude Oil Exports to China Set to Slip in September, Sources Say
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SINGAPORE, Aug 12 - Saudi crude oil exports to China are expected to decline in September to approximately 43 million barrels, according to several...
Reliance Industries Plans Crude-for-Naphtha Swap Deal with Venezuela
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August, 2024 – Indian conglomerate Reliance Industries is set to initiate a crude-for-naphtha swap deal to resume crude oil transactions with Venezuela, following recent...
India’s Crude Oil Imports from Russia Surge 1000%
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India has significantly increased its crude oil imports from Russia, now sourcing 40% of its crude oil needs from the country, according to BIMCO....
Oil prices continued to surge on Wednesday amid heightened geopolitical tensions in the Middle East
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Here’s a breakdown of the situation: Oil Prices Surge Amid Geopolitical Tensions 1. Price Movements: WTI Crude: The U.S. benchmark crude oil price rose by 2.53% to...
What Are the Components of Reformulated Gasoline?
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Reformulated gasoline (RFG) represents a significant advancement in fuel technology, aimed at reducing harmful emissions and improving air quality. Unlike conventional gasoline, which can...