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Fossil Fuels: Crude Oil – Wintershall - Wintershall Holding GmbH

www.wintershall.com/crude-oil-natural-gas/crude-oil.html

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

www.cips.org/Documents/Knowledge/Procurement-Topics-and-Skills/7-Understand-Need-Market-and-Options-Assessment/Commodity-Specific-Knowledge/Crude_oil_Jan_16_Final.pdf

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 ...

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

www.csmonitor.com/1983/0131/013137.html

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 is petroleum important? | Reference.com

www.reference.com/science/petroleum-important-c0cb2d1556acd28a

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  ...

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

marketrealist.com/2015/01/opec-important-price-crude-oil/

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 ...

The Uses And Benefits Of Crude Oil - Kendrick Oil

www.kendrickoil.com/the-uses-and-benefits-of-crude-oil/

Feb 1, 2016 ... Crude oil has been used in many of the advancements that have ... It important to understand the uses and the benefits of crude oil and its ...

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

www.investopedia.com/ask/answers/06/oilpriceseconomicindicators.asp

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 Crude Oil Needs to be Refined | Planète Énergies

www.planete-energies.com/en/medias/close/why-crude-oil-needs-be-refined

Jul 7, 2015 ... Crude oil needs to be refined in order to transform it into a range of useful ... Refining converts crude oil into products that can be used by ...

Oil and the Global Economy - Resilience.org

www.resilience.org/stories/2015-10-08/oil-and-the-global-economy

Oct 9, 2015 ... How important is oil to the future of the global economy? ... Meanwhile, the global supply of crude oil increased only 11 percent over that ...

The Economic Importance of Crude Palm Oil in Nigeria by Behrooz ...

ssrn.com/abstract=2705741

Dec 20, 2015 ... Before the advent of crude oil production in Nigeria, Nigeria's main stay was agriculture and was dominated by palm crude oil production.

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7 Important Uses For Crude Oil And Why It Matters

www.biblemoneymatters.com

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 ...

www.english-online.at

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 ...

Crude Oil Is the King of Commodity Investments - dummies

www.dummies.com

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 ...