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8 OPEC+ Members Extend Voluntary Oil Output Cuts by One Month
VIENNA: Eight member countries of the OPEC+ oil-producing group announced on Sunday that they will extend their voluntary output cuts by one month, continuing...
Why Is Canadian Oil So Cheap?
Understanding the dynamics of oil pricing is essential for grasping the complexities of the global energy market. Canadian oil, particularly from Alberta’s oil sands,...
How Do You Add Crude Oil to MT4?
MetaTrader 4 (MT4) is one of the most popular trading platforms used by retail traders globally. While it is known primarily for Forex trading,...
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What Does Brent Stand For?
Brent crude oil is one of the most significant benchmarks in the global oil market, widely recognized...
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Which Crude Oil is the Best in the World?
Crude oil is a vital commodity in the global economy, powering industries, fueling transportation, and serving as...
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Does OPEC Use Brent or WTI?
The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market,...
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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...
What is the base oil
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e oil, also known as carrier oil or carrier oil. Essential oils are non-volatile oils derived from plant seeds, flowers, rhizomes or fruits that...
What is high-calorie coal
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High-calorie coal means that burning coal produces more energy, which reflects the heat released when coal is burned, that is, the calorific value index...
Characteristics of Crude Oil Spills
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Tanker accident. Oil spills at sea are caused by various oil tanker accidents every year , most of which are oil tanker collisions caused...
Does oil have an expiration date?
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Oil has no shelf life. The composition of petroleum is very complex, composed of a large number of alkenes, alkynes, hydrocarbons, and alkanes. Its...
What are the types of refined oil
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The types of refined oil include fuel oil , kerosene , petroleum asphalt , petroleum coke , gasoline , diesel oil , lubricating oil...
Which countries are the oil majors?
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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?
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The main components of liquefied petroleum gas are propane , propylene, butane , butene, etc., and are also doped with a small amount of...
What is oil
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Petroleum is a chemical energy , and belongs to one-time energy and non- renewable energy . Petroleum is a viscous dark brown liquid known...
What can be extracted from oil
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Petroleum can be extracted into solvent oil, aviation kerosene, aviation gasoline, ordinary gasoline, diesel oil, lubricating oil, gear oil, heavy oil, paraffin and so...
How is oil formed
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Petroleum is one of the most widely used natural resources. As the most important resource on earth, there are two theories about the formation...
How to distinguish the quality of gasoline
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The quality of gasoline can be distinguished as follows: to smell The smell of gasoline is heavier and choking the nose, indicating that the oil is...