Refining crude oil - U.S. Energy Information Administration (EIA)
On average, U.S. refineries produce, from a 42-gallon barrel of crude oil, about 19 to 20 gallons of motor gasoline, 11 to 12 gallons of distillate fuel, most of which is sold as diesel fuel, and 4 gallons of jet fuel. More than a dozen other petroleum products are also produced in refineries.
Refining crude oil - inputs and outputs - U.S. Energy
The physical characteristics of crude oil determine how the refineries turn it into the highest value products. Not all crude oil is the same. The physical characteristics of crude oil determine how refineries process it. In simple terms, crude oils are classified by density and sulfur content.
February 2015 Tim Fitzgibbon Alan Martin
Effect on refining margins is consistent with historical observations . Developments in the downstream market in response to lower crude prices are generally following historical patterns of behavior. This typically progresses through three stages. In the first stage, market volatility is the dominant force. Product prices often fall less
US Firm Carlyle Intends to File Suit Against Morocco Over USD
Explore Morocco's Postal History at Bank Al-Maghrib Museum in Rabat the 2014-2015 oil price crash, SAMIR, which operated the refinery in Mohammedia, was forced to cease production and was
PDF Refining Crude Oil: History, Process and Products
Refining Crude Oil: History, Process and Products Nearly every aspect of our modern lifestyle is impacted by oil. Oil is used to power our vehicles, to create medicines that keep us healthy, and to make the plastics, cosmetics, and other personal products that enhance our daily lives. However, none of these products would exist without the
PDF Petroleum Refining Overview - Inside Mines
Petroleum Refining Overview Low crude oil prices? It depends! Difference between the sale price of the products & purchase price of the crude oil Early History Commercial oil well of "Colonel" Edwin L. Drake
Petroleum refining processes
Petroleum refining processes are the chemical engineering processes and other facilities used in petroleum refineries (also referred to as oil refineries) to transform crude oil into useful products such as liquefied petroleum gas (LPG), gasoline or petrol, kerosene, jet fuel, diesel oil and fuel oils.
Energy policy of Morocco
The two major weaknesses of the energy policy of Morocco are the lack of coordination between these two agencies and the lack of development of domestic energy sources. Oil exploration has been disappointing, although the country possesses some natural gas reserves that have been exploited.
An Overview of the Refining Process
Ever wondered how an oil refinery works? Now you can learn more about the technology involved in refining crude oil into the thousands of petroleum-based products you use everyday. Learn more at
How is Crude Oil Converted to Gasoline? (with pictures)
Crude oil is converted to gasoline through a relatively simple refining process. The transformation begins with the extraction of oil from the ground, after which it is usually loaded into large container ships that deliver it to refineries all over the world.
History of Crude Oil
The history of crude oil is marked by political and economic events, changes within the petroleum industry, and technological advancements, which continue to influence the oil price today. Follow
PDF Small Refineries and Oil Field Processors: Opportunities
Small Refineries and Oil Field Processors: Opportunities and Challenges Congressional Research Service 2 Background By CRS's recent count, some 115 refineries/refinery complexes process roughly 18 million barrels per day (Mb/d) of crude oil in the United States.1 All have atmospheric distillation in
PDF Petroleum Production, Transportation, Refining
Petroleum Production, Transportation, & Refining. o Until Marketlink pipeline (southern leg of Keystone XL) operational expect prices for Mid Continent crude oils to be below market Crude Oil as Refinery Feedstock o Crude Oil
Oil product margins | Neste
Calculating Neste total refining margin; Oil product margins; Crude oil prices; Urals-Brent price difference; Biodiesel prices (SME & FAME) Palm and rapeseed oil prices; LCFS credit price; Financials. Financial data monitor; Sensitivities; Interim reports; Financial targets; Accounting principles; Calculating key figures; Share. Analysts; Share
$70 Oil Cripples European Refiners | OilPrice.com
The surge in oil prices has made it difficult for European Refineries to pay their crude bills as margins decline and demand softens for some of their products $70 Oil Cripples European
Exclusive: Glencore, Carlyle team up to rescue bankrupt
Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to buy Morocco's only oil refinery, hoping to recoup about $600 million in loans they
Biggest Ever Change'' In Oil Markets Could Send Prices Higher
A fundamental change in regulation that analysts have called the biggest change in oil market history could shift demand patterns and send oil prices higher
An oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, liquefied petroleum gas, jet fuel and fuel oils.
What Determines Retail Prices for Gasoline and Diesel
Refining is the process that turns crude oil into gasoline and diesel. Refining cost varies depending upon the final product's specifications and the additives that are used to enhance it. In the case of gasoline, summer gasoline has low vaporization rates, which are required to eliminate excessive air pollution.
CRUDE OIL DESALTING - petroleumrefining.com
TECHNICAL SEMINARS. Refining Process Services, Inc. provides technical training seminars in the field of petroleum refining, also called oil refining. The modern petroleum refinery has a series of core process units that create clean gasoline and low sulfur diesel fuel. The first oil refinery unit is crude oil desalting.
PDF Extractive Industry Basics The Petroleum Value Chain
Extractive Industry Basics. The Petroleum Value Chain. By . Historical Crude Oil Prices 1970 to present 7. Trends in Gas Prices 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 - Crude for refinery feedstock - Gas to LNG Plants
What's In Your Crude Oil Barrel? Breakdown of Refined Products
Price dynamics of petroleum products can change based on geography, market fundamentals, industry tendencies, and behind-the-scenes refining complexities. Interested in more crude oil fundamentals? Read about what shifts the output balance of refined products here .
Refining Process | Hindustan Petroleum Corporation Limited, India
The first step in the refining process is the separation of crude oil into various fractions or straight run cuts by distillation in atmospheric and vacuum towers. The main fractions or cuts obtained have specific boiling-point ranges and can be classified in order of decreasing volatility into gases, light distillates, middle distillates, gas
History of the petroleum industry
The modern history of petroleum began in the 19th century with the refining of paraffin from crude oil. The Scottish chemist James Young in 1847 noticed a natural petroleum seepage in the Riddings colliery at Alfreton, Derbyshire from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for lubricating machinery.
Crude oil | 2019 | Data | Chart | Calendar | Forecast | News
Crude Oil increased 11.50 USD/BBL or 24.72% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is the world's most actively traded commodity.
Oil Prices, Reports, Data & Analytics | S&P Global Platts
Overview Crude Oil Refined Products Bunker Fuel Analytics Making sense of what is moving the oil markets and why is vital for successful trading decisions Wherever your focus is in the value chain our news, benchmark prices, insights and analysis on crude oil, heavy fuels, refined products, NGLs and shipping helps you understand market
Crude Oil Refining Process to Gasoline - Cost
Simply stated, because crude oil is made up of a mixture of hydrocarbons, the first step in the refining process is to separate the different types of hydrocarbons from the mix. This is accomplished by heating the crude oil in a process similar to that used in a "moonshine-still".
Home - Asphalt Oil Market
Asphalt binder sees significant price and volume stock swings due to the seasonable nature of roadway work. It is subject to refinery and terminal economics. Asphalt is considered a secondary commodity as it is produced through refining crude oil (primary commodity). Refiners don't always create asphalt in the refining process.
PDF Copyright by Hyunsoo Do 2014
related to refineries are as follows: crude oil price, crack spread, marketing margin, sales volume, exchange rate, costs, credit and counterparty risk, and hazard risk. In this thesis, among these risk factors, major market price variables, such as crude oil price and crack
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