Oil prices are quoted per barrel, or ‘bbl’. The abbreviation indicates one barrel of crude oil, but you may see Gbbl (one billion barrels), as well as Mbbl (one million barrels) or Kbbl for one ...
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The Fed keeps rates steady at 4.25%-4.5%, downgrades growth outlook, and raises inflation projections amid tariffs, deficits, ...
The price of oil is the most important value on the international commodity markets. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin ...
Palm oil can be produced in a responsible manner that respects the environment and the communities where it is commonly grown. Palm oil is used in lipstick as it holds color well, doesn’t melt at high ...
Akakus Oil Operations Company reported today that it has successfully recovered production of the H-46 well at a rate of 650 barrels of oil per day, as part of its ongoing efforts to boost production.
Mexican state-owned oil company Pemex plans to start this month a two-well programme in search of hydrocarbons at distinct shallow-water plays in the Gulf of Mexico. The country’s hydrocarbons ...
ChatGPT is so useful, we could easily spend months listing the best things to ask it. You can get it to explain complex ...
Many downstream companies also have operations in the midstream sector as well, allowing them to hold the inventory they ship. In some cases, crude oil production can lead to a transportation ...