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The Inland Freight Equalization Margin (IFEM) is a regulatory measure implemented in Pakistan to equalize the price of petroleum products across different regions of the country. [ 1 ] [ 2 ] It includes the costs for refineries to transport crude oil from its source to their facilities, as well as the expenses for Oil Marketing Companies (OMCs ...
A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotations that the U.S. Bureau of Labor Statistics (BLS) compiles each month to represent thousands ...
Figure 2: Periodic well tests on the production plant is the conventional way to get an estimated or theoretical production contribution per phase fraction per well per month. This plant is receiving a multi phased flow of oil and gas from many wells via a manifold. Flow from one well at a time is taken to the test separator (shaded).
At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are paying $0.07 more this year than last ...
More good news is coming to inflation-weary drivers: Gas prices are expected to drop in 2025 for the third straight year, according to GasBuddy projections shared exclusively with CNN.
Petroleum products are transported via rail cars, trucks, tanker vessels, and pipeline networks. The method used to move the petroleum products depends on the volume that is being moved and its destination. Even the modes of transportation on land such as pipeline or rail have their own strengths and weaknesses.
The average fuel price in the Midwest region has risen about 16 cents since last month. According to the EIA, gas prices across the region in the last year have been as low as $2.77 on Jan. 8 ...
The midstream operations are often taken to include some elements of the upstream and downstream sectors. For example, the midstream sector may include natural gas processing plants that purify the raw natural gas as well as removing and producing elemental sulfur and natural gas liquids (NGL) as finished end-products.