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In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms.
The East Midlands Oil Province, also known as the East Midlands Petroleum Province, covers the petroliferous geological area across the north-eastern part of the East Midlands of England that has a few small oil fields. The largest field in the province is the Welton oil field, the second largest onshore oil field in the UK .
The Heather oil field is a significant crude oil producing field in the UK sector of the northern North Sea, 458 km north-north-east of Aberdeen. Production of oil started in 1978 and ceased in 2019.
The Oil-for-Food Programme ( OIP) was established by the United Nations in 1995 (under UN Security Council Resolution 986) [1] to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.
Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.
Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. [2] Until 2011 it was owned by Shell UK. The refinery is situated on the south bank of the Manchester Ship Canal, which is used to transport seaborne oil for refining and chemicals for Essar and Shell. [3]
List of countries by oil consumption. A map of world oil consumption in barrels a day per capita, 2007. Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year ...
Oil additives are chemical compounds that improve the lubricant performance of base oil (or oil "base stock"). The manufacturer of many oils can use the same base stock for each formulation and can choose different additives for each use.