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  • Saudis Venezuelans common ground
    Industry

    Saudis and Venezuelans Finding Common Ground

    Havoc in the oil world over the past two years has had a major impact on the finances of Saudi Arabia. However, those depleted revenues pale in comparison to what has happened in another oil-rich country, Venezuela, with the financial wreckage that’s resulted causing severe food shortages and rampant inflation. In this particular case, Venezuela…

  • crude-oil-price-drop
    Trivia

    The Price of Oil

    Oil pricing- how is it calculated? Crude oil comes in three grades- UAE Dubai Crude, North Sea Brent Crude and West Texas Intermediate. The entire oil industry uses these three grades as a benchmark. The oil from individual fields is compared with the three grades and priced accordingly. Oil production does not vary by season,…

  • 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…

  • 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…