Tag: oil
Shale Revolution Pioneer Ditches Crude Oil Assets to Focus on Natural Gas
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For now, the market appears to have emerged from a heated debate over what is the correct Chesapeake Energy, a pioneer in the U.S....
What does strategic oil reserve mean?
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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
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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
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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
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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
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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?
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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?
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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,...
Sterling slumps to record low as UK may suffer from energy shortages
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On August 4, today Thursday, the GBPUSD opened at 1.1243, and temporarily reported 1.2165. UBS strategists believe that both the euro zone and the...
What does unconventional oil mean
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Unconventional oil means that oil is produced or exploited by unconventional oil well technology, such as extra-heavy crude oil , oil sands oil, tight...
What are the colors of oil
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Colors of oil , including deep red, golden yellow, dark green, black, maroon and clear. In short, oil is very rich in color, depending...
What conditions should the coal storage yard have?
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The conditions that the coal storage yard should have are: Except for the open-air coal storage plant, rainproof, snowproof and windproof facilities should be set...