Web Results



Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations ... The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are...

Crude Oil - Wintershall Holding GmbH


Oil, gas and gas condensate are among the most important energy sources in the world. One thing we know for sure is that we need oil - currently around 90 ...

Crude Oil Is the King of Commodity Investments - For Dummies


Crude oil is undoubtedly the king of commodities, in both its production value and its importance to the global economy. Crude oil is the most-traded nonfinancial ...

The importance of oil in our world today - CSMonitor.com


Jan 31, 1983 ... Gasoline is made from crude oil. Lubricating oil is also used to keep our automobile engines from getting too hot and to ensure that all moving ...

Why It Is Important to Follow Crude Oil Inventories | Investopedia


Nov 30, 2015 ... Discover what oil inventories are, how they are communicated and what important insights they provide into the state of the oil market.

The Economic Importance of Crude Oil - The Market Oracle


Jul 24, 2007 ... Migrating to New Energy Paradigms Part 2 - The Economic Importance of Crude Oil :: The Market Oracle ::

Why Crude Oil Needs to be Refined | Planète Énergies


Jul 7, 2015 ... Crude oil is a highly variable mixture of heavy and light hydrocarbons that need to be separated in a refinery.

What economic indicators are especially important to oil traders ...


This measure includes all of the U.S. crude oil and lease condensate (mixture of ... were in a recession, as energy is an important input for economic growth.

Why is OPEC important to the price of crude oil? - Market Realist


Jan 15, 2015 ... High market share gives OPEC bargaining power to price oil above a competitive market. It can sway crude oil prices by increasing or ...

Why is oil so important? What are the benefits of oil in this ... - Quora


Of course, most oil and gas products are used for transportation (mostly oil though). ... Who charters the crude oil import: the refinery or the crude oil origin?

More Info

7 Important Uses For Crude Oil And Why It Matters


Apr 12, 2011 ... Oil fuels our cars, trucks, and planes. However, there are a myriad of uses for crude oil that affect our lives. Buying a hybrid may not solve our ...

Oil -The World's Most Important Source of Energy - History and ...


Deep in the ground pressure and heat transformed them into oil. Crude oil is oil in its natural state. Many other products are made out of petroleum. Every day ...

Why is crude oil important? - CIPS


on alcohol-based chemicals and a shortage in the supply of turpentine caused a rush in demand for crude oil – the new provider of energy. Oil prices rose by ...