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In 2024, the crude oil and natural gas market navigated a complex landscape of controlled OPEC+ supply and variable demand, heightened geopolitical tensions, macroeconomic weakness, and a continued focus on energy transition. This resilience is reflected in the stability of oil prices: Brent crude ...
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When compared to natural gas,oil heat has been a better value for 10 of the past 11 years. Oil heat equipment offers you the best in fuel economy, safety, cleanliness, and performance. Heating oil can also be reasonably efficient when compared to older gas units. Low-sulfur heating oil bu...
In a black oil reservoir, the oil and gas formation volume factors, gas densities, the solution gas-oil ratio, and the viscosities of oil and gas are measured at reservoir temperature as a function of pressure. Once these measurements are, they can be applied in empirical correlations to obt...
Its importance in crude oil production and refining has allowed it to play a central role in the nation’s crude oil supply-and-demand balance. This is especially true regarding crude oil exports, as it’s responsible for virtually all of the U.S. total that can top 4 MMb/d. Because ...
Feb 20, 2025 4:37 PM EST Goldman Sachs issues surprising gold price target for 2025 The investment firm's analysts share their views about the precious metal. TSLA Investing News, Analysis, and Tips Feb 21, 2025 10:13 AM EST UnitedHealth stock plunges on report of DoJ Medicare Advantage ...
Granted, if supply and demand are relatively insensitive to price over the short run (so that both curves above are very steep), the price could be off for some time before there is much evidence of inventories piling up or being drawn down. In this respect, it is conceivable to me that...
Gas oil is a distillate fraction that is intermediate in boiling range and viscosity between kerosene and lubricating oil which is used as a fuel oil. More specifically, light gas oil (low-boiling gas oil) is typically the last fraction distilled from crude oil at atmospheric pressure (without...
The Texas Railroad Comission has released their oil and gas production data for November. As most of you know, the Texas RRC data is always incomplete. Some data is updated immediately but the rest trickles in slowly, sometimes taking many months to years to complete. Nevertheless we can ...