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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
A sentence consisting of at least one dependent clause and at least two independent clauses may be called a complex-compound sentence or compound-complex sentence. Sentence 1 is an example of a simple sentence. Sentence 2 is compound because "so" is considered a coordinating conjunction in English, and sentence 3 is complex.
A sentence diagram is a pictorial representation of the grammatical structure of a sentence. The term "sentence diagram" is used more when teaching written language, where sentences are diagrammed. The model shows the relations between words and the nature of sentence structure and can be used as a tool to help recognize which potential ...
OPEC decisions have come to play a prominent role in the global oil-market and in international relations. Economists have characterized OPEC as a textbook example of a cartel [9] (a group whose members cooperate to reduce market competition) but one whose consultations may be protected by the doctrine of state immunity under international law ...
The Sentence in Written English: A Syntactic Study Based on an Analysis of Scientific Texts. Cambridge University Press. p. 352. ISBN 978-0-521-11395-3. Jespersen, Otto (1982). Growth and Structure of the English Language. Chicago and London: University of Chicago Press. p. 244. ISBN 0-226-39877-3. Jespersen, Otto (1992). Philosophy of Grammar.
A major sentence is a regular sentence; it has a subject and a predicate, e.g. "I have a ball." In this sentence, one can change the persons, e.g. "We have a ball." However, a minor sentence is an irregular type of sentence that does not contain a main clause, e.g. "Mary!", "Precisely so.", "Next Tuesday evening after it gets dark."
"Hubbert's peak" can refer to the peaking of production in a particular area, which has now been observed for many fields and regions. Hubbert's peak was thought to have been achieved in the United States contiguous 48 states (that is, excluding Alaska and Hawaii) in the early 1970s. Oil production peaked at 10.2 million barrels (1.62 × 10 ^ 6 m 3) per day in 1970 and then dec
According to the Algerian Energy and Mines Minister Chakib Khelil, this mean that in the long term the GECF will move toward becoming a gas OPEC. [12] On 11 December 2009, Russia's Energy Minister Sergey Shmatko stated: "Today we can speak about gas OPEC as a fully fledged international organization. By a unanimous decision a Russian national ...