Due to the non-renewability of crude oil, the firms that process it make the best use of it as they can, with their scientific knowledge and technical ability at any time. However, it is quite possible that there are uses of crude oil that have not yet been discovered, and there may be products that are not currently being extracted (but which could be useful).
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Crude oil can be refined in to a multitude of chemicals: a short list would be petrol, diesel, paraffin, plastics, solvents, and so on.
The world uses around about 85 million barrels of crude oil each day, or 14,000,000,000,000 milliliters.
Heavy crude oil has a higher density and viscosity compared to light crude oil. Heavy crude oil also contains more impurities like sulfur and metals, which makes it more difficult and expensive to refine. Light crude oil is easier to extract, transport, and refine, making it more valuable in the market.
Reforming is the process used to increase the total volume of gasoline that can be produced from a barrel of crude oil. Refining is the process of turning the crude oil into components for other uses.
Brent Crude oil is a light, sweet crude oil with low sulfur content, making it ideal for refining into diesel fuel and gasoline. It is a benchmark for oil prices in Europe, Africa, and the Middle East, with delivery points in the North Sea. Brent Crude oil is known for its high quality and stable production.
Most of the crude oil is used to obtain motor gasoline, diesel, heating oil, jet fuel, and liquefied petroleum gases. Thus the crude oil is mostly used to produce energy. Small portion of crude oil is converted into petrochemical feedstock used in production of plastics, rubber, fertilizers, cosmetics and the like.
Crude oil and coal are two examples of fossil fuels.
No, Brent crude oil and Bonny Light oil are not the same. Brent crude is a benchmark for oil pricing and is sourced from the North Sea, while Bonny Light is a high-quality crude oil produced in Nigeria. Both are considered light, sweet crudes, but they come from different regions and have distinct characteristics that influence their market prices and uses.
Sweet crude oil can become sour due to the presence of sulfur compounds which can develop over time or be introduced during production. These sulfur compounds can react with the oil to create hydrogen sulfide, giving the crude oil a sour smell and making it more corrosive. Sour crude oil typically has higher sulfur content than sweet crude oil.
Typically, methane is the hydrocarbon that burns first when crude oil is ignited. This is because methane has the lowest molecular weight and is the most volatile component in crude oil, making it the easiest to ignite and burn.
West Texas Intermediate (WTI) crude oil is of very high quality and is at refining a larger portion of gasoline. Its API gravity is 39.6 degrees, which makes it a "light" crude oil, and it contains only about 0.24 percent of sulfur (making a "sweet" crude oil). Brent Blend is actually a combination of crude oil from fifteen different oil fields located in the North Sea. It is still a "light" crude oil, but not quite as "light" as WTI, and it contains about 0.37 percent of sulfur (making it a "sweet" crude oil, but again slightly less "sweet" than WTI). Brent blend is good for making gasoline and middle distillates. WTI is more expensive than Brent.