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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.
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 ...
BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. [ 3]
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [ 4] in 2014, of which 59% [ 4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [ 5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
BG Group. Birmingham Gas Light and Coke Company. BP. Breeze Energy. British Gas Corporation. British Pipeline Agency. Britoil. Burren Energy.
Oil shipped from Pennsylvania to London, the first recorded transnational shipment 1862 Petroleum Act 1862 (25 & 26 Vict. c. 66) to ensure the safe-keeping of petroleum and its products 1864 Sale of Gas (Scotland) Act 1864 (27 & 28 Vict. c. 96) 1868