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Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year ...
The Middleby Corporation Acquires Nieco Corporation ELGIN, Ill.--(BUSINESS WIRE)-- The Middleby Corporation (NAS: MIDD) today announced the acquisition of Nieco Corporation ("Nieco"), a leading ...
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]
The clear cut definition of light and heavy crude varies because the classification is based more on practical grounds than theoretical. The New York Mercantile Exchange (NYMEX) defines light crude oil for domestic U.S. oil as having an API gravity between 37° API (840 kg/m 3) and 42° API (816 kg/m 3), while it defines light crude oil for non-U.S. oil as being between 32° API (865 kg/m 3 ...
In 2016, largely in response to dramatically falling oil prices due to U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing countries to create OPEC+. Josh Boak contributed ...
Oil extended its rally to a third day, with Brent prices up 2.7% to $74.77 a barrel, on reports that Iran was preparing a retaliatory strike on Israel from Iraqi territory in the coming days. [O/R]
A formulated oil will often have KOH (potassium hydroxide), a strong base, in small amounts, as it is an effective neutralizer used in refining petroleum. [5] Additives that perform a similar function in a motor oil include magnesium and calcium sulphonates, salicylates, and phenates. [4] These are the detergent additives mentioned previously.