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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 ...
Oil in this list refers to base crude oil only, and not refined petroleum products such as gasoline, diesel and airplane fuel. In 2022, Saudi Arabia was the largest exporter of petroleum, followed by Russia and Iraq. Other major exporters of petroleum in that year included the United States, Canada and United Arab Emirates. In 2022, Saudi ...
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 oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
UK oil refineries 1938 Company Plant Year completed Capacity in 1937/8, tonnes per year Esso Petroleum Co Ltd Fawley, Hampshire 1921 700,000 Shell Stanlow, Cheshire 1924 750,000 Anglo-Saxon Petroleum Co/ Shell UK Ltd Shell Haven, Essex 1916 800,000 London and Thames Haven Oil Wharves Ltd Shell Haven, Essex 1921 400,000 Cory Brothers Ltd
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
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Oil storage tanks at Fawley. Fawley refinery processes around 270,000 barrels (43,000 m 3) of crude oil a day and provides 20 per cent of the UK's refinery capacity. [1] Crude oil is transported by sea in tankers to the refinery's one-mile-long (1,600 m) marine terminal, which handles around 2,000 ship movements and 22 million tonnes of crude oil and other products every year. [8]