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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 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 ...
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha.
The most common type of nuclear fuel used by humans is heavy fissile elements that can be made to undergo nuclear fission chain reactions in a nuclear fission reactor; nuclear fuel can refer to the material or to physical objects (for example fuel bundles composed of fuel rods) composed of the fuel material, perhaps mixed with structural ...
25% of worldwide primary production is used for conversion and transport, and 6% for non-energy products like lubricants, asphalt and petrochemicals. [21] In 2019 TES was 606 EJ and final consumption was 418 EJ, 69% of TES. [22] Most of the energy lost by conversion occurs in thermal electricity plants and the energy industry own use.
The beginning of the contemporaneous age of oil is commonly thought of originating in 1901 with the strike at Spindletop by Croatian oil explorer Antun Lučić and Texan Patillo Higgins, near Beaumont, Texas in the United States which launched large-scale oil production and soon made the petroleum products widely available. [7]
The plastic kits and covers are mostly made of synthetic polymers like polythene, and tires are manufactured from polybutadienes. [1] However, due to the environmental issues created by these synthetic polymers which are mostly non-biodegradable and often synthesized from petroleum, alternatives like bioplastics are also being considered.
In 2014, agriculture, forestry and fishing [25] represented the largest category of goods in the list and 126 goods were reported to be globally produced by child labor in comparison with 55 goods produced by forced labor. Instances of such working conditions were observed in relatively the same sectors.