Search results
Results from the WOW.Com Content Network
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.
Five facts on how Israel, Ukraine, and Iran tensions affect global energy markets and American fuel prices.
A gas station in Estcourt Station, Maine, caters to border shoppers from across the border with Canada, where gasoline is significantly more expensive.. Border trade, in general, refers to the flow of goods and services across the border between different jurisdictions.
In most of the production sharing agreements, changes in international oil prices or production rate affect the company's share of production. Production sharing agreements can be beneficial to governments of countries that lack the expertise and/or capital to develop their resources and wish to attract foreign companies to do so.
For premium support please call: 800-290-4726 more ways to reach us
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 ...
A national oil company (NOC) is a petroleum company that is fully or partly owned by the government of a sovereign nation. [ 1 ] : 3 NOCs produce about half the world’s oil and gas. [ 2 ] [ 3 ]
WTI is West Texas Intermediate oil. It describes a light oil with relatively low sulfur. While it might be produced in West Texas, the WTI designation can be designated to any crude that can meet ...