Crude Oil
Ideas to find buyers for your crude oil and ways in which you can sell it are available right here. We will tell you everything about the crude oil price in the past and at present. Apart from this we also have some technical knowledge about crude oil in the articles below. From crude oil density to crude oil futures, you will find everything you need right here, on this page.
Types of Crude Oil
Crude oil is a form of hydrocarbon, but did you know that there are different types of crude oil. Although classifications are present, these vary in many aspects. Let us take a look at the various classifications for crude oil in the following.
Uses of Crude Oil
Crude oil has been ruling in trade since ages and it sure has some of the most precious uses, that make it valuable. Know some of the uses of crude oil, that have dignified the importance of this natural resource.
Oil Prices Drop Heavily After Release of Oil Reserves
With oil being in short supply after an OPEC disagreement left production stagnant, the International Energy Agency will release reserves into the market for just the third time in history.
OPEC Puts Hold on Oil Output, Prices Increase
In an extreme oddity, OPEC could not reach a consensus of how much oil to produce, and so ended in a deadlock that left output unchanged and prices increasing.
Oil Prices Drop at Historic Rate, Some Summer Relief at the Pump Possible
After oil prices fell by over 15% in just a few days, some analysts are predicting that gas prices could drop by as much as 40 cents per gallon in the coming weeks.
President Obama Unveils Plan to Reduce Oil Imports
President Obama has put forth a bold new plan to reduce dependence on fossil fuels, including oil from the unstable Middle East.
U.S. Considers Tapping Strategic Oil Reserves
As oil prices and gas prices continue to rise, there is some discussion about the possibility of the U.S. government tapping its strategic oil reserves.
OPEC Ministers Determine That Output Will Remain Unchanged
OPEC ministers are set to leave output of crude oil at the same levels on predictions of slightly increased demand.
Hugo Chavez Resumes Heating Oil Supply to Poor Americans
In an apparent move to strengthen his image in the face of dire economic conditions, Hugo Chavez personally reversed a decision by Citgo Petroleum Corp. to stop heating oil shipments to poor Americans.
Amid Further Falling Prices, OPEC to Cut Oil Production Again
OPEC, reacting to quickly decline oil prices amidst reduced demand, is acting to prop up prices by cutting production by 2 million barrels per day.
Oil Prices Drop 5% on Demand Outlook
Oil dropped to under $57 per barrel on Wednesday afternoon, and there are reports that OPEC will cut supply to prop up falling prices.
Oil Prices Drop Below 75 Dollars per Barrel on OPEC Forecast
Oil prices continued their retreat below $75 a barrel as OPEC reduced its forecast for global oil demand, with demand falling most sharply in developing nations.
North Dakota Residents Strike Oil in Their Back Yards
New reports show North Dakota residents are striking it rich in their own back yards.
CA Company LS9 Turns Bug Dung into Crude Oil
A former California software exec is heading a campaign to turn bug dung into crude oil.
Huge Pool of Oil Found That May Boost U.S. Reserves
Chevron Corp. issued a statement Tuesday that a test well in the Gulf of Mexico has found a deep-water pool of oil and gas that could boost U.S. oil reserves by as much as 50%.
Crude oil is a form of hydrocarbon, but did you know that there are different types of crude oil. Although classifications are present, these vary in many aspects. Let us take a look at the various classifications for crude oil in the following.
Uses of Crude Oil
Crude oil has been ruling in trade since ages and it sure has some of the most precious uses, that make it valuable. Know some of the uses of crude oil, that have dignified the importance of this natural resource.
Oil Prices Drop Heavily After Release of Oil Reserves
With oil being in short supply after an OPEC disagreement left production stagnant, the International Energy Agency will release reserves into the market for just the third time in history.
OPEC Puts Hold on Oil Output, Prices Increase
In an extreme oddity, OPEC could not reach a consensus of how much oil to produce, and so ended in a deadlock that left output unchanged and prices increasing.
Oil Prices Drop at Historic Rate, Some Summer Relief at the Pump Possible
After oil prices fell by over 15% in just a few days, some analysts are predicting that gas prices could drop by as much as 40 cents per gallon in the coming weeks.
President Obama Unveils Plan to Reduce Oil Imports
President Obama has put forth a bold new plan to reduce dependence on fossil fuels, including oil from the unstable Middle East.
U.S. Considers Tapping Strategic Oil Reserves
As oil prices and gas prices continue to rise, there is some discussion about the possibility of the U.S. government tapping its strategic oil reserves.
OPEC Ministers Determine That Output Will Remain Unchanged
OPEC ministers are set to leave output of crude oil at the same levels on predictions of slightly increased demand.
Hugo Chavez Resumes Heating Oil Supply to Poor Americans
In an apparent move to strengthen his image in the face of dire economic conditions, Hugo Chavez personally reversed a decision by Citgo Petroleum Corp. to stop heating oil shipments to poor Americans.
Amid Further Falling Prices, OPEC to Cut Oil Production Again
OPEC, reacting to quickly decline oil prices amidst reduced demand, is acting to prop up prices by cutting production by 2 million barrels per day.
Oil Prices Drop 5% on Demand Outlook
Oil dropped to under $57 per barrel on Wednesday afternoon, and there are reports that OPEC will cut supply to prop up falling prices.
Oil Prices Drop Below 75 Dollars per Barrel on OPEC Forecast
Oil prices continued their retreat below $75 a barrel as OPEC reduced its forecast for global oil demand, with demand falling most sharply in developing nations.
North Dakota Residents Strike Oil in Their Back Yards
New reports show North Dakota residents are striking it rich in their own back yards.
CA Company LS9 Turns Bug Dung into Crude Oil
A former California software exec is heading a campaign to turn bug dung into crude oil.
Huge Pool of Oil Found That May Boost U.S. Reserves
Chevron Corp. issued a statement Tuesday that a test well in the Gulf of Mexico has found a deep-water pool of oil and gas that could boost U.S. oil reserves by as much as 50%.