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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 ...
Soybean Oil: CBOT: XCBT: 60,000 lb BO/ZL (Electronic) Soybean Oil: DCE XDCE: 10 metric tons y Wheat CBOT: XCBT: 5000 bu W/ZW (Electronic) Wheat EURONEXT 50 tons EBM UK Feed Wheat ICE: IEPA: 100 metric tons T Milk CME: XCME: 200,000 lbs DC Cocoa ICE: IEPA: 10 metric tons CC Cocoa (London) ICE: IEPA: 10 metric tons C Coffee C: ICE: IEPA: 37,500 ...
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]
If free of pipeline connection, field "A" illustrates the typical allocation case. A processing plant splits crude oil into three fractions. Metering stations on the export point satisfy requirements for custody transfer, measuring instrument for flare gas is a fiscal measurement if subject to taxation, it depends on regulatory requirements ...
Standardization in oil industry; ISO/TC 67; List of crude oil products; Financial and political. List of oil exploration and production companies; List of largest oil and gas companies by revenue; Chronology of world oil market events (1970–2005) Energy crisis: 1973 oil crisis, 1979 energy crisis; Energy development; Petroleum politics
Oil-in-water – prior to discharge of water into the environment; pH of reactants and products; Sulphur content – to check the efficiency of gas sweetening plant; Most instruments function continuously and provide a log of data and trends. Some analyser instruments are configured to alarm (AAH) if a measurement reaches a critical level.
After sharp gains earlier in the week, crude prices have leveled off. We could see some movement in the North American session, with the release of U.S. employment data at 15:30 GMT.
Other fungible commodities include other precious metals and grades of crude oil. The legal recognition of fungibility is limited, and even very similar items, such as new cars of the same model and specifications, are not considered fungible with each other in law. Many financial instruments, such as shares, bonds and currencies, are also ...