Environmental Science How Long Will the US Oil Reserves Last? Under the Hood Compression Ratio and Octane Ratings: What You Need to Know Keep Reading Why Is 9/10 Added to Gas Prices? Explore More Advertisement How the Crude Oil Market Works By: Patrick E. George | Updated: Apr 16, 20...
"This isn't going to work out in the long run."The problem isn't readily apparent from a supply viewpoint. When the world's first oil well was sunk in Pennsylvania in 1859, the Earth contained at least 6 trillion barrels of crude oil, geologists estimate. So far, we have used only...
[11] It is possible that the world economy will eventually get itself out of its apparent trend toward recession, but I am afraid this will happen long after 2025. We know that the world economy tends to operate in cycles. We would like to believe that the apparent current down-cycle is...
Speculative investors, who were long on oil, but had no intention of taking delivery, fueled a massive sell-off of expiring contracts. Oil prices subsequently moved into positive territory, but the price of regular gas remained below $2/gallon until June when oil prices rebounded to $40/b....
How Long Can the SPR Last? In the Oct. 18 announcement, Biden said the administration will replenish the SPR and intends to repurchase crude oil when prices drop to or below $67 to $72 per barrel. To put that in perspective, crude oil was trading at around $85 per barrel on Oct. 19...
As of Wednesday, West Texas Intermediate (WTI) crude oil has been seeing gains for eight consecutive days, and at the time of writing is trading near 58.60
The Philippines: electronics, petroleum, semiconductors, coconut oil, transport equipment Vietnam: clothing, rice, crude oil, coffee The Tiger Cub cross-border e-commerce opportunity With the total Asian e-commerce market projected to be worth US$1.81 trillion in 20235, it’s no surprise that...
The solubilization power of micelles has been known and used for a long time especially as detergent. Their mechanism of action was discovered in early 1900s. Micelles can be used as drug carriers and as solubilizing agents. However, they cannot be used to tackle other problems accompanying ...
In Angola, where China is the main customer, the premium has increased by about US $1 in the past week, traders said. North Sea crude oil also rose sharply. This strength highlights how fast the oil market is tightening. While demand is picking up, OPEC and its allies are cutting global...
But, again, acknowledging the fact that, over the course of the last five, seven years, the last time you got paid to trade potential supply disruptions was the fall of Muammar Gaddafi in Libya, a very long time ago. OK. So, important to keep an eye on there too. Of course, what'...