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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 drilling; Oil platform; Oil refinery; Oil shale; Oil well; Osmotic power – or salinity gradient power – is the energy available from the difference in the salt concentration between seawater and river water. OTEC – ocean thermal energy conversion; Oxidation; Peat; Penrose Mechanism; Petroleum; Photovoltaics; Piezoelectricity ...
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]
Some petroleum industry operations have been responsible for water pollution through by-products of refining and oil spills. Though hydraulic fracturing has significantly increased natural gas extraction, there is some belief and evidence to support that consumable water has seen increased in methane contamination due to this gas extraction. [39]
The product extracted at the wellhead, usually a mixture of oil/condensate, gas, and water, goes through equipment on the lease to separate the three components. The oil and produced water are in most cases stored in separate tanks at the site, and periodically removed by truck. Over the decade 2005–2014, the volume of oil carried to the ...
In oil fields, almost all produced water contains oil and suspended solids. [8] Some produced water contains heavy metals and traces of naturally occurring radioactive material (NORM), which over time deposits radioactive scale in the piping at the well. [9] [10] Metals found in produced water include zinc, lead, manganese, iron, and barium. [11]
The United Nations developed the International Standard Industrial Classification, which is a list of economic and social classifications. [5] There is no distinct classification for an energy industry, because the classification system is based on activities, products, and expenditures according to purpose. [6]
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.