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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 ...
1.2 Livestock and meat. 2 Energy. 3 Forest products. 4 Metals. 4.1 Industrial. 4.2 Precious. 5 Other. 6 List of largest global commodities trading companies. 7 Commodity exchanges and regulators.
Naphthenic oil. Crude oil is extracted from the bedrock before being processed in several stages, removing natural contaminants and undesirable hydrocarbons. This separation process produces mineral oil, which can in turn be denoted as paraffinic, naphthenic or aromatic. The differences between these different types of oils are not clear-cut ...
Base oil is produced by means of refining crude oil. This means that crude oil is heated in order that various distillates can be separated from one another. During the heating process, light and heavy hydrocarbons are separated – the light ones can be refined to make petrol and other fuels, while the heavier ones are suitable for bitumen and ...
Oil is dyed blue to make it easier to recognize it in the gasoline. Because it's not diluted, it appears black in this bottle. Two-stroke oil (also referred to as two-cycle oil, 2-cycle oil, 2T oil, or 2-stroke oil) is a special type of motor oil intended for use in crankcase compression two-stroke engines (typical of small gasoline-powered ...
Big Oil is a name used to describe the world's six or seven largest publicly traded oil and gas companies, also known as supermajors. The term, particularly in the United States, emphasizes their economic power and influence on politics.
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