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  2. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    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 ...

  3. Fuel oil - Wikipedia

    en.wikipedia.org/wiki/Fuel_oil

    IFO (Intermediate fuel oil) - Roughly equivalent no. 4 fuel oil, a blend of gasoil and heavy fuel oil, with less gasoil than marine diesel oil; HFO (Heavy fuel oil) - Pure or nearly pure residual oil, roughly equivalent to no. 5 and no. 6 fuel oil; NSFO (Navy special fuel oil) - Another name for no. 5 HFO; MFO (Marine fuel oil) - Another name ...

  4. Heavy fuel oil - Wikipedia

    en.wikipedia.org/wiki/Heavy_fuel_oil

    Heavy fuel oil (HFO) is a category of fuel oils of a tar-like consistency. Also known as bunker fuel , or residual fuel oil , HFO is the result or remnant from the distillation and cracking process of petroleum .

  5. List of crude oil products - Wikipedia

    en.wikipedia.org/wiki/List_of_crude_oil_products

    U.S. Energy Information Administration: World Crude Oil Prices Archived 2008-11-10 at the Wayback Machine; BP Crude Grades; Intertek: Crude Oil Grades and Types; MeGlobalOil: Carriage of Heavy Grade Oil; Statoil.com: Crude oil assays; EnergyIntel.com: The Crude Oils and their Key Characteristics; Capline system crude oil properties and quality ...

  6. Petroleum refining processes - Wikipedia

    en.wikipedia.org/wiki/Petroleum_refining_processes

    Petroleum refinery in Anacortes, Washington, United States. 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.

  7. Benchmark (crude oil) - Wikipedia

    en.wikipedia.org/wiki/Benchmark_(crude_oil)

    In contrast, WCS is a heavy crude oil with an API gravity level of 20.5°." [6] The Canadian Crude Index (CCI) serves as a benchmark for oil produced in Canada. [7] It allows investors to track the price, risk and volatility of the Canadian commodity. [7]

  8. Crack spread - Wikipedia

    en.wikipedia.org/wiki/Crack_spread

    Energy portal; Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. . The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum produc

  9. Petroleum - Wikipedia

    en.wikipedia.org/wiki/Petroleum

    [102] [103] Oil prices are determined by global supply and demand, rather than any country's domestic production level. The global price of crude oil was relatively consistent in the nineteenth century and early twentieth century. [104] This changed in the 1970s, with a significant increase in the price of oil globally. [104]