Oil Today

Natural Gas: Advantages and Disadvantages

It is well known fact that natural gas has plenty of advantages over petrol and diesel fuel. However there are some disadvantages to natural gas that may make Red Diesel Luton an option.
Natural gas like petroleum is a fossil fuel but it is in a gaseous state and is made up of methane. It is extracted and formed like petroleum. Since it is a fossil fuel it is made up of dead matter that is found underneath the surface More

Global oil supply set to peak in 2014

I had to take some things out of self storage recently when one of my friends who was with me mentioned that the world will hit peak oil in a couple of years. I was curious so I researched it and learnt the following.

When world oil production is at its maximum level and then starts to decline it is at that point just before the decline occurs than we say we have had peak oil. When this happens then More

The Moroccan Exploration

The controversial oil and gas exploration that had been undertaken in the Western Sahara region was due to the probability of viable hydrocarbon reserves available under the earth surface. Total and Kerr-McGee were awarded the contract by the Moroccan government in 2001. This had annoyed the Premier Oil and Sterling Energy as they had already obtained license from the Polisario government for this project.

The government in exile of the Western Sahara in 2005 had invited foreign companies to bid More

Crude Oil: The Good and the Bad

Crude oil is very important to global daily living and most especially to the running of cars. This is why a rise in price or scarcity of oil is always a big issue anywhere in the world. Premium Motor Spirit (PMS) is extracted from crude oil to produce fuel that keeps a car moving. Engine oil and other extracts are also produced from crude oil. Oil has become so significant that countries that have it in abundance make billions of More

Alternative oil & fuel avenues

Oil is something we all need to run cars for transport and lots of other things many people probably don’t even realize. The only thing is that the particualar regions most oil comes from seems to not be too stable politically to say the least right now. This in turn tends to make the price of petrol go aup a bit too much more than it probably should.

It would be nice if all those interesting oil producing countries could More

Oil price goes up…but for how long?

As predicted a month ago it looks like oil prices are increasing. Following a report by the US that unemployment is dropping, oil looks set to climb in value. For how long though is anyone’s guess, but if anyone has ever been interested in hybrid cars then now is the time to invest.

The instability in the Middle East and Libya in particular has mean that many giants like BP and Shell are watching their pipelines very closely. Whilst the Middle East is not the only source of crude oil on the planet, it does remain a high valued area for the west. More

Alternative sources of fuel

Scientists all around the world are putting a lot of effort for developing sources of energy that are from non fossil origin. Following are some of the alternative fuel:

Bio-Diesel

Bio-Diesel is like the diesel fuel but is extracted from animal fat and vegetable oil. I don;t think that nut butters can be used for this. It is basically an alkyl ester which is extracted from vegetable oil with the help of ethyl alcohol. It is commonly used in combination More

How Crude Oil Price Is Measured

It is the West Texas Intermediate or the Brent Blend barrel as the unit by which the crude oil price is measured. There is also the OPEC basket price of the NMEX futures price that at times are mentioned as the unit for crude oil price. The quality of West Texas Intermediate (WTI) crude oil is of high quality. This is specially so for its low sulphur content. This oil is also referred for this reason to be the light More

Oil and Gas Extraction Mining

Petroleum and natural gas that heat homes and fuel cars as also power the factories comes from the oil and gas extraction segment. Plastics, chemicals, medicines, fertilizers, and synthetic fibers are also byproducts of petroleum. Decay of plants and animals over millions of years subjected to extreme pressures and heat underground is what creates crude oil which is also the other name for petroleum. It is a similar process by which gas is also produced under the upper strata of More

Ways to find crude oil for sale

Crude Oil is undoubtedly the life blood of the world’s economy. It is evidently a rich and natural resource sought by many. Under such circumstances, finding the right seller from whom you can buy crude oil can get a bit challenging. You may also encounter lots of agents and companies willing to sell you this rich black substance, but make sure that you verify their authenticity before engaging in any trade with them as you would a cheap boob job More