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BP, which employs about 1,800 people in oil trading and trades over 5 million barrels per day (790 × 10 ^ 3 m 3 /d) of oil and refined products, is the world's third-biggest oil trader after Royal Dutch Shell and Vitol. [270]
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 ...
The Whiting Refinery is an oil refinery located on the southwestern shore of Lake Michigan and the Indiana Harbor and Ship Canal [1] and operated by BP.The facility is primarily located in Whiting, Indiana, USA, though portions of the 1,400 acres (5.7 km 2) complex span into the neighboring cities of Hammond and East Chicago.
Long before BP became associated with oil-drenched pelicans and Twitter talk of an oilpocalypse, some critics winced at the company's sunburst logo and decade-old green marketing campaign that ...
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A BP gas station in Surrey, England, in October 2023. (Jason Alden/Bloomberg via Getty Images) The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year.
Petroleum products are materials derived from crude oil 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. [2]
When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of ...
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