Oil Futures Market in India There are primarily 3 major exchanges present in India * Multi Commodity Exchange of India Ltd (MCX) * India’s No. 1 commodity exchange (85% Market share)‚ 3rd largest in world in crude oil trades * Turnover of over Rs 90 Lakh Crore‚ daily turnover of Rs 10‚000 crore in crude alone * National Commodity and Derivative Exchange (NCDEX) * Ranked number 32nd in 2010 in the Futures Industry Association’s global list of top 53 derivatives exchanges
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OPEC Oil Embargo The Organization of Petroleum Exporting Countries (OPEC) was created in 1960 with the idea of unifying and protecting the interests of petroleum-producing countries. The members of this organization include: Iran‚ Iraq‚ Kuwait‚ Saudi Arabia‚ Venezuela‚ Qatar‚ Indonesia‚ Libya‚ The United Arab Emirates‚ Algeria‚ and Nigeria. Their goal was to slowly take over the function of the companies‚ at least in production‚ and then increase the amount of revenues they could retain. Despite
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steam distillation we can isolate eugenol at lower temperature than its usual boiling point of 248 degree Celsius. Eugenol belongs to a category called essential oil. Many of these compounds are used as flavoring and perfumes and in the past were considered the essence of plant from which they were derived. Structure of eugenol (clove oil) and eugenol acetate: Reagents: Eugenol‚ CH2Cl2‚ Br2‚ FeCl3‚ Methanol Procedure: Co-distillation We first combine 15 mL of water with 1 g of crushed
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Isolation of Essential Oils by Steam Distillation Procedure Part A Apparatus 1.) Using a 20- or 25-mL round-bottom flask (for distillation) and a 10-mL round-bottom flask (for collection) assemble a distillation apparatus 2.) Use an aluminum block to heat and insert a water condenser 3.) The collection flask may be immersed in ice to ensure condensation of the distillate Preparing the Spice 1.) Weigh approximately 1.0 g of your spice or herb onto a piece of weighing paper and record the exact
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Purpose of this experiment is to synthesis Banana oil by mixture of the isopentyl alcohol and acetic acid . Banana oil smells like fruit mostly it smells like banana. This reasons that this compound uses in different perfume products as well as the gums for the flavor. The reaction that takes place in this experiment is a esterification. In this experiment‚ the carboxyl group of the acetic acid joins with the hydroxyl group of the isopently alcohol‚ catalyzed by the presence of sulfuric acid
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Organization of Arab Petroleum Exporting Countries (OAPEC) which in turn placed an embargo on oil exports upon the United States because of the aid and arms that the United States was supplying Israel. This embargo caused fuel shortages such as gasoline which in turn caused fuel prices to soar throughout much of the 1970s. This was further amplified due to the decline of domestic oil production and the reliance on imported oil from abroad. It only took three months for the embargo to cause massive change in
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BP was the ªrst of these companies to change from a reactive to a proactive climate strategy formulation. In 1996‚ it withdrew from the oppositional Global Climate Coalition (GCC)‚ which was characterized as the most powerful lobby organization in climate policy.28 BP then accepted the climate change problem as diagnosed by the Intergovernmental Panel on Climate Change (IPCC) and gave its support to the Kyoto Protocol. In 1998 BP’s strategy formu- lation developed further in a proactive direction
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different products that may be derived from its various parts. All typical farms have fruit bearing coconut trees. A fully integrated mobile processing unit (diesel engine powered)‚ that can be hooked like a trailer‚ able to extract virgin coconut oil from coconut meat‚ coconut coir and coir dust from the husks‚ and charcoal from the shell‚ will benefit all small and medium sized coconut farmers. These 3 products are heavily traded in the global market. At present‚ farmers are limited to copra production
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Essential oils have numerous health benefits and they are used for many purposes. These oils are beneficial for your overall health and well being as well as for household purposes. Bone Repair – To aid in faster bone recovery due to injury‚ apply cypress‚ fir and helichrysum essential oils. Improved Digestion – To support proper digestion and treat leaky gut‚ take peppermint‚ fennel and ginger essential oils. Anxiety Relief – Diffuse lavender essential oil all over your room or around your house
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occurs today is oil spills. The first major oil spill happened during World War II on the East Coast of the United States and spilled about 590‚000 tons of oil. The most recent oil spill happened last year in 2010 in the Gulf of Mexico and about 190‚120‚055 gallons of oil leaked into the Gulf. Oil spills have affected our marine life‚ seafood industry‚ houses‚ health‚ and fossil fuels. Our world will never be the same after these horrifying spills that are destroying our environment. Oil is a source
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