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Petroleum industry


The petroleum industry includes the global processes of exploration, extraction, refining, ... Its importance to the world economy evolved slowly, with whale oil used for lighting in the 19th centur...

Fossil Fuels: Crude Oil – Wintershall - 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 ...

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 ...

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 ...

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.

Why is crude oil so important for world economy? Previously I just ...


Dec 30, 2015 ... Just add to your list; Trains Buses Aeroplanes Trucks Ships And you will realize how important it is to keep us rolling!

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.

Crude Oil Definition | Investopedia


Crude oil is a naturally occurring, unrefined petroleum product composed of ... has created a second U.S. energy boom, largely decreasing the importance and  ...

Why it's important to know the crude oil extraction process - Market ...


Jan 15, 2015 ... Before learning the costs components of crude oil extraction, let's take a look at how producers extract crude oil from the ground.

Why is petroleum important? | Reference.com


Petroleum, also called crude oil, is an important source of energy, according to Natural Resources Canada. Oil provided approximately 34 percent of the world's  ...

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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 ...

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 ...

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 ...