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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The township is in western Midland County, bordered to the west by Isabella County.According to the U.S. Census Bureau, the township has a total area of 36.1 square miles (93 km 2), of which 35.4 square miles (92 km 2) are land and 0.7 square miles (1.8 km 2), or 1.94%, are water. [1]
Using benchmarks makes referencing types of oil easier for sellers and buyers. There is always a spread between WTI, Brent and other blends due to the relative volatility (high API gravity is more valuable), sweetness/sourness (low sulfur is more valuable) and transportation cost. This is the price that controls world oil market price.
Van Buren Township is a charter township in Wayne County in the U.S. state of Michigan.A western suburb of Detroit, Van Buren Township is located roughly 28 miles (45.1 km) southwest of downtown Detroit, and 17 miles (27.4 km) southeast of Ann Arbor.
An ore-bulk-oil carrier, also known as combination carrier or OBO, is a ship designed to be capable of carrying wet or dry cargoes. The idea is to reduce the number of empty ( ballast ) voyages, in which large ships only carry a cargo one way and return empty for another.
By the mid-1980s, recommended viscosities had moved down to 5W-30, primarily to improve fuel efficiency. A typical modern application would be Honda motor's use of 5W-20 (and in their newest vehicles, 0W-20) viscosity oil for 12,000 kilometres (7,500 mi).
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