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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 Argus Sour Crude Index (ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts.. The ASCI methodology [1] creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil.
Coconut oil (or coconut fat) is an edible oil derived from the kernels, meat, and milk of the coconut palm fruit. [1] Coconut oil is a white solid fat below around 25 ...
Cooking oil is typically a liquid at room temperature, although some oils that contain saturated fat, such as coconut oil, palm oil and palm kernel oil are solid. [1] There are a wide variety of cooking oils from plant sources such as olive oil, palm oil, soybean oil, canola oil (rapeseed oil), corn oil, peanut oil, sesame oil, sunflower oil ...
Some Pacific island nations are using coconut oil as fuel to reduce their expenses and their dependence on imported fuels while helping stabilize the coconut oil market. Coconut oil is only usable where temperatures do not drop below 17 degrees Celsius (63 degrees Fahrenheit), unless two-tank SVO/PPO kits or other tank-heating accessories, etc ...
A 42-US-gallon (35 imp gal; 160 L) barrel of crude oil produces approximately 10 US gallons (8.3 imp gal; 38 L) of diesel, 4 US gallons (3.3 imp gal; 15 L) of jet fuel, 19 US gallons (16 imp gal; 72 L) of gasoline, 7 US gallons (5.8 imp gal; 26 L) of other products, 3 US gallons (2.5 imp gal; 11 L) split between heavy fuel oil and liquified ...