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The three most quoted oil products are North America 's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
Petroleum products are materials derived from crude oil ( petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. [ 1] Most petroleum is converted into petroleum products, which include several classes of fuels.
Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve current OPEC members. Members of OPEC+, which includes current OPEC members produce about 60% of the world's petroleum. In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports ...
Petrochemicals (sometimes abbreviated as petchems [1]) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane . The two most common petrochemical classes are ...
AGA – American Gas Association. AGRU – acid gas removal unit. AGT – (1) agitator, used in drilling. AGT – (2) authorised gas tester (certified by OPITTO) AGT – (3) Azerbaijan – Georgia – Turkey (a region rich in oil related activity) [3] AHBDF – along hole (depth) below Derrick floor. AHD – along hole depth.
Petroleum jelly. Petroleum jelly, petrolatum, white petrolatum, soft paraffin, or multi-hydrocarbon, CAS number 8009-03-8, is a semi-solid mixture of hydrocarbons (with carbon numbers mainly higher than 25), [1] originally promoted as a topical ointment for its healing properties. [2] Vaseline has been an American brand of petroleum jelly since ...
The Oil-for-Food Programme ( OIP) was established by the United Nations in 1995 (under UN Security Council Resolution 986) [1] to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.
API well number. An API well number or API number is a "unique, permanent, numeric identifier" assigned to each well drilled for oil and gas in the United States. [1] The API number is one of many industry standards established by the American Petroleum Institute. Custody of the API Number standard was transferred in 2010 to the PPDM Association .
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