Oil Today

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

Seven sisters and the oil and gas produce

In the annals of Oil and Gas one would note the major strifes that have occurred all with the aim to gain control over this priceless or rather ever increasing priced product. It was the Western oil companies who had gained complete control over the Persian Gulf, North African region and Venezuela. That was 70 years ago. They lost out that dominating position after 40 years of uninterrupted wield of oil power. The Seven Sisters, as this company is also More

Investing in Oil and Gas drilling projects in the US

If one were to consider one single factor that has been responsible for modern civilization to come to be it would surely be Oil and Gas. Dependency on this one mineral has been existent from ages and would continue to be for ages that are yet to be. Numerous study and efforts to establish a substitute to this liquid and gas has proved futile. Of the two, that is oil and gas the more major item in demand is oil, More

Alternative to Oil: Shale Gas?

What the world economics has witnessed in the last decade is phenomenal and some say that the worst is not yet over, definitely incomplete infact. Oil and crude prices have had their share of contribution to the burning fire of poor economic show of most countries in the world today. Infact no energy source has been as big a contributor to the state of world geo politics, as oil has.

With the impact of oil and it’s pricing on the More

Oil Prices Likely to Increase

What has been happening recently with the oil prices? Are we witnessing the strength of great political players over the fuel prices and are we to go through that period peacefully and with ease? Probably these questions are to be answered in another calm matter by people responsible for the increased oil prices, they will again say that there is nothing to worry about and there are no grounds for worries since it is a slight increase. However, over the More

Closure Sees Problems for North American Oil Companies

Oil prices in the US are at risk at rising to over $100 per barrel from the current price that falls below $90 a barrel after the Trans Alaska Pipeline was closed following a leak.

Apparently the leak, in a conservation region has not had a negative impact on the environment or on wildlife that live in the area; however US and Canadian citizens could feel the pain of rising oil prices.

The plant in question has fallen victim to More

Terminal decline of oil

Since the last couple of decades there have always been some news or information passed regarding the end of oil as a resource. Today when we are in the year 2011, it seems like the governments and oil companies might not be willing to admit the fact of how close it could be. It seems like the world is quickly approaching the time of peak oil, after which we are going to see a serious decline in the extraction of More

Calculating Oil Consumption

The Organization of Petroleum Exporting Countries till recent was under an apparent sense of comfort that there was enough or rather plentiful spare production capacity available with them. But with the steady rise in demand quantity and erosion of space capacity there is cause to think being experienced by the OPEC body also. They have now taken on the issue seriously and have gone into it headlong to find long term solutions.

The crux of the problem has been narrowed More