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The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
Longhorn Pipeline started as a 450-mile pipeline, from Houston, Texas, to Crane, Texas, in the Permian Basin, that was built in the 1950s to carry West Texas crude oil to Gulf Coast refineries. In 1995, Longhorn Partners acquired that pipeline, with the aim of reversing its flow, to carry gasoline and other refined products from Houston-area ...
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.
Petroleum products are materials derived from crude oil as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. [1] Most petroleum is converted into petroleum products, which include several classes of fuels. [2]
Schematic map of crude oil shipments by rail in the US in 2014 (US EIA) Before the common availability of long-distance pipelines, most crude oil was shipped by rail. It is for this historical reason that in Texas, oil and gas production came to be regulated by the Texas Railroad Commission. Rail transport of crude oil has made a resurgence ...
Saturate, Aromatic, Resin and Asphaltene (SARA) is an analysis method that divides crude oil components according to their polarizability and polarity. The saturate fraction consists of nonpolar material including linear, branched, and cyclic saturated hydrocarbons ( paraffins ).
Due to the great surge in American production of oil, natural gas, and natural gas liquids since 2008, those products have been cheaper in the North American market than worldwide, giving American refiners a major cost advantage. [17] The discount on US crude is partially attributed to the long-standing federal ban on exports of American crude oil.
Kelly hose (#9) is a flexible, high pressure hose that connects the standpipe to the kelly (or more specifically to the gooseneck on the swivel above the kelly) and allows free vertical movement of the kelly, while facilitating the flow of the drilling fluid through the system and down the drill string.