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What is another name for petroleum?
Petrol. actually its oil.
How many gallons of crude are in 1 barrel of crude?
1 barrel of crude oil equals 42 US gallons of crude oil.
How are polymers made into crude oil?
Polymers are not made into crude oil. Crude oil is composed of a mixture of hydrocarbons that are naturally occurring in the earth's crust. However, polymers can be derived from crude oil through a process called polymerization, where small molecular units (monomers) derived from crude oil are chemically bonded together to form long chains known as polymers.
What is the best grade of crude oil in the world?
There isn't a single "best" grade of crude oil since it depends on factors like what it will be refined into and the market demand. Some commonly regarded high-quality grades include Brent, West Texas Intermediate (WTI), and Dubai Crude. These grades are known for their favorable characteristics such as low sulfur content and high API gravity.
Is polythene made from crude oil?
Yes, polythene, also known as polyethylene, is made from crude oil through a process called polymerization. Crude oil is refined to obtain ethylene monomers, which are then polymerized to form long chains of polyethylene molecules, creating the plastic material.
Why is it called brent crude oil?
Brent crude oil is named after the Brent oil field in the North Sea. The field was discovered in 1971 and became a significant source of crude oil. The term "Brent" is widely used to refer to the benchmark oil price for the North Sea crude oil.
What are the properties of Brent Crude oil?
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.
What is the meaning of Brent oil?
Brent crude oil is a "benchmark crude" oil agreed upon by various suppliers and traders of crude oil. Other crude oils are often priced based on the agreed upon benchmark crude which has a particular set of properties.
What are some of the properties of Brent Crude oil?
Brent Crude oil is a light, sweet crude oil extracted from the North Sea. It is known for its low sulfur content, which makes it easier to refine into gasoline and diesel fuel. Brent Crude is a benchmark for pricing other crude oils worldwide.
Brent index is associated?
Crude Oil prices
What does ICE stand for in ICE Brent Crude oil?
ICE stands for Intercontinental Exchange, which is a leading global network of exchanges and clearing houses for financial and commodity markets. ICE Brent Crude oil refers to the futures contract for Brent Crude oil that is traded on the Intercontinental Exchange.
What is today's oil prices?
The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
What is today's price on oil?
The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
What is the difference between crude and brent oil?
Crude oil is that oil that comes out of an oil well head (before it is refined). However, different oil wells produce different types of crude oil (some is thick and some is very runny)For commercial trading purposes, Brent Crude is a major classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide.
What exactly is brent crude oil futures?
Brent crude oil futures are stocks whose price flactuates every now and then. This is affected by various factors in the market but mostly that of demand and supply.
Why is brent crude oil more expensive than WTI oil?
I think because brent is produced in the N. Sea. Shipping cost.
Difference betwee nymex crude and brent crude?
Difference between nymex crude and brent crude
