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Archive for the 'crude oil' Category

November 2, 2011

Understanding Oil Exploration Leases

The oil industry is fast becoming a most in-demand international business today. Sustenance and maintenance of the power supply are a general concern of all nation leaders across the globe. This constant dilemma and fear of diminishing oil reserves is thus firing up many ambitious businessmen to start up their own oil companies. Now before [...]

February 26, 2011

The Basics To Understanding Futures Crude Oil Prices

To talk about oil trading, I bet that this topic will get much concern from you guys since crude oil futures are among the most popular and widely watched futures markets. You know, there isn’t a day without the mention of crude oil prices on the television, in newspapers or magazines. This shows the importance [...]

February 25, 2011

The Different Classifications and Types Of Crude Oil

Formed by the fossil fuels of plants and animals, millions and millions of years ago, is a flammable substance. It is a mixture of hydrocarbons and other chemical compounds such as nitrogen, oxygen and sulfur. gets trapped in the pores of the underground rock and it is extracted to make it refined. Cosmetics, detergents, gasoline, [...]