Crude oil
December 27th, 2010 at 06:39pm
Under Crude oil
Light Sweet Crude Oil
Article by Osita Modozie
Sweet crude oil is a form of petroleum. It is regarded as being a sweet crude oil due it has a sulfur content which is below 0.5 percent unlike sour crude oil which contains larger amount of sulfur. Any petroleum which is regarded as sweet crude oil usually has little quantities of carbonic acid gas and hydrogen sulfide. In advanced countries like USA, China etc, the form of crude oil which has little sulfur and high crude oil is normally utilized to produce gas.
In case you do not know, the most desired form of crude oil is the light sweet crude oil. This is so because it has big quantity of disproportionate portions which are utilized to refine it to kerosene, gasoline and superior diesel. The word “sweet” was initiated due to the fact that its low content of sulfur renders the oil with a mild sweet savor and loving odor. During the 19th century, miners usually ascertain the caliber of crude oil through degustation and smelling little amounts of it.
Manufacturers of sweet crude oil are:
North American – the states in North America which produces light sweet petroleum are referred to as Montana, North Dakota, Pennsylvania, Manitoba, Saskatchewan, Louisiana, Texas and Mexico.
The name given to the sweet petroleum which is produced by Louisiana is derived from the name of this state. It is called Louisiana sweet. As for the state of Texas, the name given to the sweet light crude oil produced in this state is referred to as Texas light sweet. It can also be referred to as West Texas Intermediate.
Northern Europe: UK and Norway are two countries located near the North Sea that produces sweet petroleum. The name of the sweet petroleum which they produce is collectively referred to as Brent crude.
Africa: in North Africa, both Algeria and Libya produces sweet petroleum. In Africa, Nigeria produces this form of mineral. When you come to central Africa, the countries which you can find that produce this form of mineral are referred to as the two republics of Congo and Angola.
In Asia, China, Malaysia, Brunei, Vietnam, Australia, India, Brunei, Indonesia and Australia produces this form of petroleum. Sweet petroleum is also produced by some notable countries in the Middle East.
Modo Oil Group is a crude oil company which offer facilitation service to both sellers and buyers of crude oil. We have on our database genuine sellers and buyers of crude oil. We make buying and selling of crude oil an easy process. Check it out at at http://crude-oil-sellers.com/buy-crude-oil/
About the Author
I am an independent researcher.
By Oilism.com
December 27th, 2010 at 06:39pm
Under Crude oil
How to Make Money Online Doing Crude Oil Marketing
Article by Osita Modozie
Crude oil business is one of the ways to become rich in a day working just on your pc. But the fact is that it is not an easy process. You can make thousands as a crude oil marketer by working as an agent or intermediary broker or even a facilitator. You do not need a large capital to start up. All you need is a good communication skill, good command of English and other languages for customers from non-English speaking countries, a computer and an internet connection etc. Once you have got these skills, it is to work you way towards becoming a millionaire through crude oil marketing.
The first step you should take is to find genuine buyers and sellers of crude oil. It is a way to make money online doing crude oil marketing. Your work as a crude oil marketer or agent will be to link crude oil sellers to crude oil buyers or vice versa. A good place to start is online, starting offline is also a good idea but you will need more than a professional skill to start off online. You will need to learn the crude oil terms like MOQ, TTT, TTO, ATL, CIF, SPA etc. You should know the full meaning of these abbreviations and what they stand for. You should also know the process of working with a crude oil client, be it a buyer or a seller. This is the first thing you should learn prior to finding a seller or buyer.
Most crude oil buyers do not go about searching for crude oil. They usually do so through experienced crude oil agents. Once you have found a genuine crude oil seller, the next step is to find crude oil sellers. Your fist stop should be at buying and selling sites like alibaba etc. There are many sellers and buyers of crude oil there, both genuine and fake traders. Sign up at this site and list the crude oil your seller has for sell. Once a client who wants to buy crude oil mails you, your first action should be to send the procedure for your seller’s delivery basis eg TTO, TTT, FOB, CIF etc. Once they agree to work with this procedure, the next step is signing of SPA. This is not an easy business but once it pays off, it could make you rich overnight.
Modo Oil Group is a crude oil company which offer facilitation service to both sellers and buyers of crude oil. We have on our database genuine sellers and buyers of crude oil.
Place your requests at http://crude-oil-sellers.com/buy-crude-oil/
About the Author
I am a crude oil consultant.
By Oilism.com
December 27th, 2010 at 06:38pm
Under Crude oil
List out The Fundamentals for Crude Oil Prices
Article by Gary Jordan
Since petroleum products can affect nearly every facet of our lives and crude oil futures are among the most popular and widely watched futures trading floor, this market gets much concern from not only futures traders but also all of people all over the world. Changes in oil prices can cause changes in both normal and trading life. For its importance, we have reasons to learn fundamentals affecting on crude oil prices.
There are more than a few things that can affect crude oil prices that we are going to have a look at. You know there isn’t a day without the mention of crude oil prices on the television, in newspapers or magazines. If you have decided that speculating in crude oil is something suitable for your risk capital, you will be advised to bear in mind such the fundamentals. Let’s me shortly list out them for you.
Supply and Demand
It will be easy for you to understand why supply and demand affects on the oil prices. But let’s me one more time explain you about this. In trading, we have domestic demand and global demand, but both have the same function on affecting on crude oil price. Over the last decade, emerging markets like China and India have increased demand for crude oil and so this led many speculators to suggest that demand would outpace supply. On the domestic side, the regular reports from the EIA on refining activity and crude oil supply have direct impact on crude oil price and also crude oil futures price volatility. Released weekly, EIA reports and API reports are often key fundamental influences on crude oil futures markets.
OPEC Output
Leave the supply and demand, we come to the second factor that its activities can make changes in prices – OPEC. As we all know that OPEC stands for The Organization of the Petroleum Exporting Countries. Its name already tells all. OPEC production levels and promises for production can add volatility to crude oil prices. Even a scheduled OPEC meeting and speculation about increases or cuts to oil production can impact crude oil futures markets.
Weather
Weather – it may make you confuse this time. That may sound strange to you that weather can affect oil price, but it will. Looking back to the past, you could see storms in the Gulf region of the United States as well as the North Sea can halt production of crude oil both on drilling platforms as well as refineries which may be shut down anticipating the arrival of a bad storm. Events like Hurricane Katrina – do you remember? – stand as strong examples of how weather may have a direct impact on crude oil price.
Geo-Political Issues
And another reason for changes in oil prices is Geo-Political Issue. Tensions in oil producing regions or near pipelines or refineries can also cause changes in crude oil prices as investors weigh the possibility of supply interruptions. Pipeline attacks or oil tanker hijackings are some past examples. Political tensions and war in the Middle East also influenced crude oil price in the past.
Refinery Repairs or Issues
Last but not least, we will stop at Refinery Repairs or Issues factor. You might already predict this fundamental actually. Yes, when pipelines or refineries are shutdown for any reason, this can disrupt supply and indirectly cause crude oil prices to fluctuate.
I have just listed some situations that you should be aware of when trading crude oil futures as they can impact crude oil price and increase volatility. It can be worth watching for such the fundamentals since crude oil futures trading can be incredibly risky even without events such as wars or hurricanes to increase volatility. In anything you do, just make sure that you already understand the markets you trade, especially crude oil in particular and futures in general. Trading in futures involves a substantial degree of a risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Keep up with the daily futures prices changes to plan your business!
About the Author
I’m a trader in futures trading floor. I’m always eager to learn and share. Reading and searching are my hobbies. Run on business for living, but do not live for business only!
By Oilism.com
December 27th, 2010 at 06:37pm
Under Crude oil
Need for Crude Oil Desander
Article by Desander,Decanter Centrifuge,Crude Oil Desander
Crude oil desander is that equipment which separates sand and silt from water, condensate and gas stream. Crude oil desander is used in a drilling rig. There is a huge demand for crude oil desander by oil and gas production facilities because of various reasons. If you are looking for their need and importance, this article comes handy.
The need for and importance of crude oil desanderIn the process of extracting crude oil from the ground, some sand also enters the processing system. Sand sedimentation can harm various parts of the processing equipment. Thus, it is necessary to use desander in this process. There is an increasing demand for crude oil desander by oil and gas facilities because of its functionality of providing cost effective protection against erosion.Below mentioned points throw light on the need for crude oil desander:* The sedimentation and stoppage of sand in the separator and crude oil storage tank can reduce their volume and hence affect the efficiency negatively.
Thus the usage of crude oil desander is of high importance.* The sand and silt accumulation can also disable the control valve. It will help in minimizing high expenditures in the form of increased maintenance costs if crude oil desander is used.
* Negative effect on the health of workers is another reason which makes the use of crude oil desander a must.
* Heating system is also negatively affected if sand is not separated using a crude oil desander. Thus it is imperative to use the same.
* It will be very difficult to separate oil products without the use of crude oil desander.
Thus, it is clear from the above points that crude oil desander are a must use equipment for all oil and gas facilities as sand and silt can create a lot of issues. The following points highlight the importance of crude oil desander:
* A crude oil desander is compact and hence easy to use.
* It works with high efficiency in separating sand and silt from water, oil and gas streams.
* A crude oil desander is a cost effective way to avoid damage because of erosion.
* The maintenance cost of crude oil desander is also not on a higher side, hence it is convenient to use.
* The results achieved by a crude oil desander are much more than the expenditure incurred on it. Hence it is imperative to use a crude oil desander because of its consistent and useful output. * There are various problems that can occur because of the sedimentation or accumulation of sand in the processing equipment. Hence, using a crude oil desander is a must for a drilling rig.
Desander is normally the second last equipment in the arrangement of sand control equipments. The last equipment is the decanter centrifuge. There is no doubt that crude oil desander is a must use equipment for a drilling rig. However, the crude oil desander can be developed a little by adding the cleaning and discharging unit along with the sand separator unit.
About the Author
Read about Desander and Decander At Separatech
By Oilism.com
December 27th, 2010 at 06:36pm
Under Crude oil
Why We Can Learn from Crude Oil Prices History
Article by Mayoor Patel
Just as it is a good idea to learn from the past, we can glean some lessons from looking at crude oil prices history. Here one key example of how understanding the trends involved with this history can help us to be prepared for future situations as oil prices rise and fall periodically.
Many of us lived through the oil crisis of the early 1970s. Few of us were prepared for the sudden leap in oil prices that prompted some major changes in the way we looked at oil consumption and how dependent our society was on that consumption. Because there had never been a crisis to match what was happening, more people were driving larger and heavier vehicles. Some people who were just barely getting by had to choose between paying their utilities or getting gas for travel back and forth to work. Others had to deal with gas rationing, and would have periods when they had to find alternate forms of transportation.
By being aware of the circumstances that led up to that oil crisis and using crude oil prices history as an indicator, we are in a better position today to prepare. We can make plans that will allow us to weather a situation where access to petroleum and other oil products are in short supply to the consumer. Even if the reason is not an embargo, noticing the rising cost and dwindling availability will help us to plan to stock up on non-perishables, use public transportation and maybe even shop closer to home so we can use a bike to get around. We may even find that resorting the using our own two legs to make some short trips not only helps keep our consumption of crude oil projects in check, it also helps us to regain some of the physical fitness that we seem to be losing. That in and of itself would mean less consumption of fossil fuels used to keep medical facilities ready to receive stroke and heart attack victims quite as often.
While we are probably doing a better job with recycling oil products than we have ever done, reality is that most of us still depend heavily on the production of fresh petroleum and other oils. Crude oil prices history has taught us that having a backup plan in case there is a temporary increase in price, which certainly comes hand in hand with less available product, is absolutely necessary if we are to continue to function effectively in our daily lives.
About the Author
Mayoor Patel is the writer for the website http://crude-oil-prices.oil-universe.com. Please visit for information on all things concerned with Crude Oil Prices History
By Oilism.com
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