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Brent Crude
Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself. The original Brent Crude referred to a trading classification of sweet light crude oil first extracted from the Brent oilfield in the North Sea in 1976. As production from the Brent oilfield declined to zero in 2021, crude oil blends from other oil fields have been added to the trade classification. The current Brent blend consists of crude oil produced from the Forties (added 2002), Oseberg (added 2002), Ekofisk (added 2007), Troll (added 2018) oil fields (also known as the BFOET Quotation) and oil drilled from Midland, Texas in the Permian Basin (added 2023). The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. This gra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Platform In Mist, Cromarty Firth Near Rosskeen - Geograph
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which it's appro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil Prices In Dollar And Euro team
{{Disambiguation ...
Crude can refer to: * Crude oil or simply crude, the unprocessed form of petroleum * ''Crude'' (2007 film), an Australian documentary about the geology and economics of crude oil * ''Crude'' (2009 film), an American documentary about oil companies and lawsuits in Ecuador * ''Crude'' (album), by Bongshang, 1993 * ''Crude'' (comic), a comic book series by Steve Orlando and Garry Brown * Oklahoma Crude, a former National Indoor Football League The National Indoor Football League (NIFL) was a professional indoor football league in the United States. For their first six years, the league had teams in markets not covered by either the Arena Football League or its developmental league, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tight Oil
Tight oil (also known as shale oil, shale-hosted oil or light tight oil, abbreviated LTO) is light crude oil contained in Unconventional (oil & gas) reservoir, unconventional petroleum-bearing formations of low Permeability (earth sciences), permeability, often shale or tight sandstone. Economic production from tight oil formations requires the same hydraulic fracturing and often uses the same Directional drilling, horizontal well technology used in the production of shale gas. While sometimes called "shale oil", tight oil should not be confused with oil shale (shale rich in kerogen) or shale oil (oil produced from oil shales). Therefore, the International Energy Agency recommends using the term "light tight oil" for oil produced from shales or other very low permeability formations, while the World Energy Resources 2013 report by the World Energy Council uses the terms "tight oil" and "shale-hosted oil". In May 2013 the International Energy Agency in its ''Medium-Term Oil M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Sands
Oil sands are a type of unconventional petroleum deposit. They are either loose sands, or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with bitumen (a dense and extremely viscous form of petroleum). Significant bitumen deposits are reported in Canada, Kazakhstan, Russia, and Venezuela. The estimated worldwide deposits of oil are more than . Proven reserves of bitumen contain approximately 100 billion barrels, and total natural bitumen reserves are estimated at worldwide, of which , or 70.8%, are in Alberta, Canada. Crude bitumen is a thick, sticky form of crude oil, and is so viscous that it will not flow unless heated or diluted with lighter hydrocarbons such as light crude oil or natural-gas condensate. At room temperature, it is much like cold molasses. The Orinoco Belt in Venezuela is sometimes described as oil sands, but these deposits are non-bituminous, falling instead into the category of heavy or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unconventional (oil & Gas) Reservoir
Unconventional (oil and gas) reservoirs, or unconventional resources (resource plays) are accumulations where oil and gas phases are tightly bound to the rock fabric by strong capillary forces, requiring specialized measures for evaluation and extraction. Conventional reservoir Oil and gas are generated naturally at depths of around 4 or 5 km below Earth’s surface. Being lighter than the water- saturated rocks below the water table, the oil and gas are driven by buoyancy up through aquifer pathways towards Earth's surface over time. Some of the oil and gas percolate all the way to the surface as natural seepages, either on land or on the sea floor. The rest remains trapped underground by geological barriers in a variety of trap geometries. In this way, underground pockets of oil and gas accumulate by displacing water in porous rock. If the pockets are permeable, they are referred to as ''conventional reservoirs''. Wells are drilled into these reservoirs to crea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cushing, Oklahoma
Cushing (, , ''meaning: "Soft-seat town"'') is a city in Payne County, Oklahoma, United States. The population was 7,826 at the time of the 2010 census, a decline of 6.5% since 8,371 in 2000. Cushing was established after the Land Run of 1891 by William "Billy Rae" Little. It was named for Marshall Cushing, private secretary to U.S. Postmaster General John Wanamaker. A 1912 oil boom led to the city's development as a refining center,''Encyclopedia of Oklahoma History and Culture'"Cushing" By D. Earl Newsome, Accessed June 9, 2010. with over 50 refineries operating in Cushing over its history. Today, Cushing is a major trading hub for crude oil and a price settlement point for West Texas Intermediate on the New York Mercantile Exchange and is known as the "Pipeline Crossroads of the World." History The area that became Cushing was part of the Sac and Fox Nation. With the Land Run of 1891, a former government trader for the tribe, William Rea "Billy" Little, built a house, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Sea Oil
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea. Brent crude is still used today as a standard benchmark for pricing oil, although the contract now refers to a blend of oils from fields in the northern North Sea. From the 1960s to 2014 it was reported that 42 billion barrels of oil equivalent (BOE) had been extracted from the North Sea since when production began. As there is still an estimated 24 billion BOE potentially remaining in the reservoir (equivalent to about 35 years worth of production), the North Sea will remain as an important petroleum reservoir for years to come. However, this is the upper end of a range of estimates provided ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Price Benchmarks
An oil is any chemical polarity, nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) and lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brent Vs WTI Crude Oil
Brent may refer to: *Brent (name), an English given and surname Place name ;In the United States *Brent, Alabama *Brent, Florida *Brent, Georgia *Brent, Missouri, a ghost town *Brent, Oklahoma ;In the United Kingdom * Brent, Cornwall *Brent Knoll, a hill in Somerset, England *Brent Knoll (village), a village at the foot of the hill *East Brent, another village at the foot of the hill *London Borough of Brent, England **Brent (electoral division), Greater London Council *South Brent, Devon, England ;Elsewhere *Brent, Ontario, a village in Algonquin Provincial Park, Canada *Brent crater, a meteor crater named after the village of Brent, Ontario *Brent oilfield, North Sea In fiction * Brent (Planet of the Apes), Brent (''Planet of the Apes'') * Corey Brent, fictional character on the ITV soap opera ''Coronation Street'' * David Brent, fictional character on the BBC television comedy ''The Office'' * Stefan Brent, fictional character on the ITV soap opera ''Coronation Street'' * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil Spread team
{{Disambiguation ...
Crude can refer to: * Crude oil or simply crude, the unprocessed form of petroleum * ''Crude'' (2007 film), an Australian documentary about the geology and economics of crude oil * ''Crude'' (2009 film), an American documentary about oil companies and lawsuits in Ecuador * ''Crude'' (album), by Bongshang, 1993 * ''Crude'' (comic), a comic book series by Steve Orlando and Garry Brown * Oklahoma Crude, a former National Indoor Football League The National Indoor Football League (NIFL) was a professional indoor football league in the United States. For their first six years, the league had teams in markets not covered by either the Arena Football League or its developmental league, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is an American derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. For most of its history, the exchange was in the then common form of a non-profit organization, owned by members of the exchange. The Merc demutualized in November 2000, went public in December 2002, and merged with the Chicago Board of Trade in July 2007 to become a designated contract market of the CME Group Inc., which operates both markets. The chairman and chief executive officer of CME Group is Terrence A. Duffy, Bryan Durkin is president. On August 18, 2008, shareholders approved a merger with the New York Mercantile Exchange (NYMEX) and COMEX. CME, CBOT, NYMEX, and COMEX are now markets owned by CME Group. After the merger, the value of the CME quadrupled in a two-year span, with a ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NYMEX
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges. NYMEX traces its history to 1882 and for most of its history, as was common of exchanges, it was owned by the members who traded there. Later, NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, went public and became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX. On March 17, 2008, Chicago based CME Group signed a definitive agreement to acquire NYMEX Holdings, Inc. for $11.2 billion in cash and stock and the takeover was completed in August 2008. Both NYMEX and COMEX now operate as designated contract markets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
