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When oil is produced to surface temperature and pressure it is usual for some natural gas to come out of solution. The gas/oil ratio (GOR) is the ratio of the volume of gas ("scf") that comes out of solution to the volume of oil — at standard conditions. In reservoir simulation gas/oil ratio is usually abbreviated .
The feedstock to the FCC conversion process usually is heavy gas oil (HGO), which is that portion of the petroleum (crude oil) that has an initial boiling-point temperature of 340 °C (644 °F) or higher, at atmospheric pressure, and that has an average molecular weight that ranges from about 200 to 600 or higher; heavy gas oil also is known as ...
One type of crack spread contract bundles the purchase of three crude oil futures (30,000 barrels) with the sale a month later of two unleaded gasoline futures (20,000 barrels) and one heating oil future (10,000 barrels). The 3-2-1 ratio approximates the real-world ratio of refinery output—2 barrels of unleaded gasoline and 1 barrel of ...
Read CNN’s Fast Facts about oil and gas and learn more about crude oil reserves and production around the world.
TGOR – total gas oil ratio (GOR uncorrected for gas lift gas present in the production fluid [citation needed]) TH – tubing hanger; THCP – tubing hanger crown plug; Thr/Th# – thruster ('#'- means identification letter/number of the equipment, e.g. thr3 or thr#3 means "thruster no. 3" [citation needed]) THD – tubing head; THERM ...
In 1998, gas in my hometown was a whopping $0.98 per gallon. For a kid in high school, that was huge—I was able to afford to go places. Gas had hovered around $1.00 for years, and many of us ...
Air–fuel ratio (AFR) is the mass ratio of air to a solid, liquid, or gaseous fuel present in a combustion process. The combustion may take place in a controlled manner such as in an internal combustion engine or industrial furnace, or may result in an explosion (e.g., a dust explosion). The air–fuel ratio determines whether a mixture is ...
Despite the slowdown in growth, the IEA notes, global oil demand is still forecast to be 3.2 million barrels per day higher in 2030 than in 2023 unless stronger policy measures are implemented or ...