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What does strategic oil reserve mean?

Strategic oil reserves refer to one of the effective ways to deal with short-term oil supply shocks (large-scale reductions or interruptions). It serves national...

Production method of asphalt

Production method of asphalt Distillation method: It is to distill crude oil at atmospheric pressure to separate light fractions such as gasoline , kerosene ,...

Is the oil market still tight? Saudi raises crude oil prices for Asia to record levels

Saudi Arabia raised oil prices for Asian buyers to record levels, as global oil markets remain tight despite signs of softening demand as the economy...

What are the types, uses and functions of crude oil

Crude oil is a liquid fuel source located underground. It is extracted by drilling. Crude oil is used for transportation, petroleum products and plastics. Element Economic...

How to trade crude oil for beginners

In oil trading, there must be certain trading strategies and skills. So, for newcomers to oil trading, how to trade crude oil ? Strengthen the...

Why is crude oil measured in barrels?

Why is crude oil measured in barrels? In oil exploration, the first tool used to hold oil was the barrel. But at the time,...

US crude oil trading strategy on August 4: Multiple bearish oil prices initially broke down, pointing to the 80 mark?

During the Asia-Europe session on Thursday (August 4), U.S. crude oil fluctuated in a narrow range near the low of more than five months,...

What does unconventional oil mean

Unconventional oil means that oil is produced or exploited by unconventional oil well technology, such as extra-heavy crude oil , oil sands oil, tight...

Which countries are the oil majors?

The major oil countries are Saudi Arabia, Canada, Brazil, Russia, China and so on. Among them, in 2005, Saudi Arabia produced 526 million tons...

What are the main components of liquefied petroleum gas?

The main components of liquefied petroleum gas are propane , propylene, butane , butene, etc., and are also doped with a small amount of...

What color is crude oil

The color of crude oil ranges from dark to light, mainly brown-black, brown-black, gray-black, black-brown, and black-brown; also gray-green, red-brown, light yellow, light yellow-green,...

How to deal with the oil spill

Here's what to do after a crude oil spill : Set up isolation belt to recover crude oil ;Burn, but weather conditions must be considered;Dig...

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