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Synthetic oils are also used in metal stamping to provide environmental and other benefits when compared to conventional petroleum and animal-fat based products. [4] These products are also referred to as "non-oil" or "oil free". A polyalcanoate synthetic oil is widely used to lubricate pendulum clocks.
By the mid-1980s, recommended viscosities had moved down to 5W-30, primarily to improve fuel efficiency. A typical modern application would be Honda motor's use of 5W-20 (and in their newest vehicles, 0W-20) viscosity oil for 12,000 kilometres (7,500 mi).
Multigrade synthetic oil—in SAE 5W-40 and 15w-40 viscosity ranges [3] Single grade conventional oil—in SAE 20, 30, 40 and 50; Synthetic blend oil; Shell is marketing their new CJ-4/SM oil as "Triple Protection," meaning it provides enhanced qualities for engine wear, soot control and engine cleanliness.
The chemical profiles, or crude oil assays, specify important properties such as the oil's API gravity. The delivery locations are usually sea ports close to the oil fields from which the crude was obtained (and new fields are constantly being explored), and the pricing is usually quoted based on FOB ( free on board , without consideration of ...
Using benchmarks makes referencing types of oil easier for sellers and buyers. There is always a spread between WTI, Brent and other blends due to the relative volatility (high API gravity is more valuable), sweetness/sourness (low sulfur is more valuable) and transportation cost. This is the price that controls world oil market price.
The U.S. Department of Energy also formed its Synthetic Fuels Program, which promoted large-scale oil shale development and was involved in the prototype lease tracks in the Piceance Basin of Rio Blanco Country, Colorado. [6] In 1980, it was allotted a $2.616 billion budget for three synthetic fuel projects. [6]
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