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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.
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 ...
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 ...
Petroleum or crude oil, also referred to as simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, [ 1] and is found in geological formations. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. Petroleum is primarily recovered by ...
Pages in category "Petroleum products" The following 60 pages are in this category, out of 60 total. ... Fuel oil; Fuel polishing; Fuel tax; G. Gasoline; List of ...
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.
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. [1] [2] [3] Petrochemical feedstock like ethylene and propylene can also ...
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 ...