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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

Wikipedia: petroleum

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(Not sure this is the right sub) Would pausing oil and gas drilling within a state for a few months cause gas prices to rise within the state? And would an oil company's profits increase because of the price increase?

Colorado lawmakers are proposing some ozone reduction measures, including requiring "oil and gas drilling operations to “pause” during the traditional summer high-ozone season, from about May to October, in order to limit leaks of ozone-causing chemicals." What effect would this have on gas prices in Colorado? Would it be immediate or delayed? Would Suncor, which operates a refinery in Denver, see higher profits? Thanks!

19:49 UTC


Recently found an opportunity to trade En950, A1 Jet Fuel and D6. My main issue is trying to find buyers, we can put the product in Rotterdam or Fujairah. Any ideas on how to get clients for it? Any advice is highly appreciated

21:55 UTC


Who want to buy some natural petroleum .

I can't show you location unless you legitimate pay me. I got different samples though.

12:35 UTC


How do you find buyers for certain fuels like jet fuel or EN950 diesel?

20:35 UTC


How does the trade work at the high level?

Just curious as an outsider. I'm talking about big companies buying petroleum. Do they have a trusted vendor they work with or do they send RFPs to a bunch of vendors to see who can give them the best price?

1 Comment
05:26 UTC


Oil and Gas-Refinery Externship

Hi everyone!

I'm gonna have a job shadowing/externship/coffee chat in a couple days with some Electrical, Instrumentation and Process control, and Reliability Engineers in an oil refinery.

This is pretty much my first experience in the field as a student (I only have some ELEC and a bit of control theory background).

Therefore I've been doing my research about the field and how those areas are applied in a refinery.

However, I wanted to ask you guys if you have any ideas of cool questions to ask to have a more interesting talk with the experts, be it either directly related to the topic or even if it takes a bit more of a tangent.

Have a great day and thanks in advance!

22:57 UTC


Why Romania is the Next Big Oil Country?

13:51 UTC


Tell me why, my effcient Yaris IA, 1.5 is killing you. Smallest, cheapest to buy & maintain, easy to fix. Clean, high MPG with 129k miles, going strong. Driving 120 miles day. Too busy, can't wait for daily charging, or price to become affordable without payments, lasting longer than the car will.

23:15 UTC


Need help finding sources and papers for a graduation project

hello there,

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

12:05 UTC


Does this look right?

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.

15:34 UTC


trying to save the world

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?

1 Comment
01:18 UTC


Dow stock dives after KeyBanc says ‘petrochemical recession is upon us’

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/

22:57 UTC

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