Petroleum Industry News
The Petroleum Reddit
Petroleum is a naturally occurring flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. The name Petroleum covers both naturally occurring unprocessed crude oils and petroleum products that are made up of refined crude oil. A fossil fuel, it is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and undergo intense heat and pressure.
Petroleum is recovered mostly through oil drilling. This comes after the studies of structural geology (at the reservoir scale), sedimentary basin analysis, reservoir characterization (mainly in terms of porosity and permeable structures). It is refined and separated, most easily by boiling point, into a large number of consumer products, from petrol (or gasoline) and kerosene to asphalt and chemical reagents used to make plastics and pharmaceuticals. Petroleum is used in manufacturing a wide variety of materials, and it is estimated that the world consumes about 88 million barrels each day
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i'm a graduation student and currently doing a project about the price of petroleum, what affect it (2018-2022) and geopolitics.
my project is going to analise the price of petroleum from 2018 to 2022. it look like a good 4 years to understand how the price is affected during turbulent times, from a market standpoint and a geopolitical standpoint. 2018 the price was kind of "normal", then the pandemic comes and with it recession, the price goes below zero, that is some interesting fact to analise, and then the russia ukrain war which is also interesting to understand and to talk about.
the project will be mostly bibliographic, so i need as much as good material as i can get, papers, data, etc... (i understand that this is a place that many know about the subject so fell free to talk about, if you want to)
any help will be much appreciated. thanks in advance
Help me understand this folks. If I’m wrong, please correct me. I spent 8 years working at an oil refinery in the blending department so I’d like to think I have a good idea on California fuel specs. If it’s labeled diesel #2, than it’s at least 95% petroleum based diesel with maybe up to 5% biodiesel blended in. If it’s labeled B20, that’s a 20% biodiesel blend. If it’s R95 (common at the 76 stations here), that’s a renewable based/biomass fuel. That is NOT “biodiesel”. Biodiesel gels up in cold temp much sooner than petrol based diesel, R95 does not. R95 is chemically the same as petrol based diesel, biodiesel is not.
So how do these labels make sense? Am I buying D2? R95? Or B20+? I’ve recently seen them at all the Chevron stations around, but no where else. My refinery made pure diesel #2, so this is throwing me off. My truck can take B20 but I’d rather not run it. The stickers seem to be a gas stations “we’ll buy whatever and mix it all up” sign.
Hello Everyone. I just recently partnered up with sellers agents of refineries and oil/gas fields. We supply crude oil, jet fuel, D2, D6 virgin, etc at very competitive and almost wholesale like prices. I got in so I could help many countries and companies around the world fill in the gaps that Russia has created in the oil/gas market. I have had trouble finding buyers tho. I’ve been utilizing linkedin but finding that it’s not the most reliable source. Do any of you have recommendations of the best ways to find buyers?
Dow stock dives after KeyBanc says ‘petrochemical recession is upon us’
Shares of Dow Inc. dropped Monday, after KeyBanc Capital analyst Aleksey Yefremov turned bearish on the chemicals and specialty materials company, citing concerns that the “meaningful” exposure to commodities and Europe skews the risk-versus-reward profile to the downside.
Dow’s stock fell as much as 3.5% intraday, before paring losses to close down 1.3% at $52.87.
For more economy news: https://candorium.com/
Why do we always install mech jars below hydraulic jars? Cant we directly use hydraulic jars and pulling tools to retrieve?