HOTTEST DAY NEWS

  • the fight for china
    Industry

    The Fight for China Between Saudi Arabia and Russia

    The insatiable desire that China has when it comes to finding countries that will sell the country oil appears to have reached a point whereby Russia has replaced Saudi Arabia as its largest foreign supplier. The information comes from the International Energy Agency, which indicated that the shift came at the end of last year….

  • Saudi Aramco IPO Steam 2018
    Industry

    Saudi Aramco IPO Building Up Steam for 2018

    What’s been a lengthy process continues to unwind for Saudi Aramco, which is still seeking to offer an IPO in 2018 for just five percent of the massive oil company. That means when the expected share sale begins, the Kingdom will be able to garner $100 billion from its state-run company. The investment is ironically…

  • Saudis Russians Oil Production Cut Extension
    Industry

    Saudis and Russians Come Together on Oil Production Cut Extension

    The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…

  • distillation-fractionning
    Science

    The Fractional Distillation of Crude Oil

    A fraction refers to a portion of a thing and distillation means separation. Through the process of fractional distillation, crude oil is separated into its fractions. In its raw form, crude oil is a viscous, sticky and dark liquid, which is not of much use. To extract real value from crude oil, we have to…

  • carbon
    Science

    Petroleum: Composition and Properties

    Petroleum is a mixture of several hydrocarbons and chemicals. The composition will vary depending on where the petroleum was found. In fact, you can find out where a certain sample of petroleum came from through chemical analysis. However, there are some characteristic properties that are common to all varieties of petroleum. Common hydrocarbons Four kinds…

  • shale-oil
    Science

    Shale Oil and the Process of Extraction

    The extraction of shale oil (also known as tight oil) is an unconventional process of obtaining synthetic oil and gas. Oil shale is a type of sedimentary rock which is rich in organic content (bituminous stuff called kerogen). The organic content has to be treated to extract shale oil. The oil shale (rock containing the…

  • Saudis Russians Oil Production Cut Extension

    Saudis and Russians Come Together on Oil Production Cut Extension

    The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…

  • saudi arabia equtorial guinea economic forum

    Saudi Arabia and Equatorial Guinea Come Together

    During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….

  • saudi arabia owns largest american oil refinery

    Saudi Arabia Now Fully Owns Largest American Oil Refinery

    Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…