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As it is a Fossil fuel that is running out at quite a quick pace, and because it is harder to find the price goes up thus giving you why it is so expensive.
If you prefer something a little more elaborate than we're running out of oil, which is only a half truth. We are running out of easily accessible oil.
What else can I help you with?
Why is brent crude oil more expensive than WTI oil?
I think because brent is produced in the N. Sea. Shipping cost.
Why natural gas price are increasing?
Because its expensive to build power stations and transport but once people use crude oil less then it will go down because money would go into natural gas production instead of crude oil
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.
Why is Canadian oil more expensive to produce than Saudi Oil?
Now Canada is at second position for oil reservoir but most of them are in sand oil (IE. mixture of oil and sand), so that why cost of transportation and separation of oil from sand is increased. while in Saudi it contain pure crude oil (i.e. not mixed with sand) so that it's transportation and separation cost is less as comp air with Canada oil
What was the price of crude oil in the 1980s?
In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).
Is crude oil expensive or inexpensive?
expensive.
What does Iranian crude mean?
It refers to Iranian crude oil, so it is oil from Iran.
Are plastics from crude oil biodegradable?
No because crude oil does get to the surface so there are bugs that destroy it.
What is the difference between heavy crude oil and light crude oil?
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.
Does Kenya have crude oil?
Yes it has been proven that their is oil on the Northen side of the country but it is too expensive to mine.
How long does crude take to form compared to regular oil?
Crude oil is regular oil. It is the raw oil extracted from the earth. It is referred to as crude as it must be refined so its components can be used.
Why is heavy crude oil cheaper then light crude oil?
Heavy crude oil is typically cheaper than light crude oil because it requires more processing to remove impurities and make it usable. This additional processing increases the overall cost of production, which is then reflected in the price of heavy crude oil compared to light crude oil. Additionally, heavy crude oil tends to have higher sulphur content, which can further increase the cost of refining.
What are the crude oil components and the percentage of each item?
The term, "crude oil" is a non-scientific one that eludes folks to believe that one crude is like other crudes. Not so. Each crude is unique, and therefore it can't be stated that "crude contains" so and so a percentage of this or that compound.
What is the mixture called when crude oil and petroleum come straight from the ground?
"Petroleum" products are distilled from crude oil, so what comes out of the ground is crude oil.
What advantages does natural gas have over a oil?
Natural gas is less expensive to produce than distilling crude oil for heating. Though, many different products are produced by distilling and refining crude oil, especially in plastics, etc.
Why is brent crude oil more expensive than WTI oil?
I think because brent is produced in the N. Sea. Shipping cost.
What is Nigeria's position in the world in producing crude oil?
Crude oil is crude..
