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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 ...
UK Oil and Gas PLC (AIM: UKOG) is a UK-based oil and gas exploration and production company. The company is listed on the London Stock Exchange in the Alternative Investment Market (UKOG.L). Company history
Prior to September 2010, there existed a typical price difference per barrel of between ±3 USD/bbl compared to WTI and OPEC Basket; however, since the autumn of 2010 Brent has been priced much higher than WTI, reaching a difference of more than $11 a barrel by the end of February 2011 (WTI: US$104/bbl, LCO: US$116/bbl).
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Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
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The use of the term in the popular media often excludes the national producers and OPEC oil companies who have a much greater global role in setting prices than the supermajors. [ 17 ] [ 18 ] [ 19 ] China's two state-owned oil companies , Sinopec and the China National Petroleum Corporation , as well as Saudi Aramco , had greater revenues in ...
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