Slowing demand for gasoline particularly in the US‚ combined with an easing in the distillate markets and costly crude have exerted pressure on refining economics across the world. The continuation of these trends may encourage refiners to cut throughputs or begin seasonal maintenance earlier than usual‚ which would trim crude demand. This could lead to further crude stock-builds in the coming months‚ putting
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She’s finally able to see what it’s like to be so free from the rebukes of society. There were days where she was able to celebrate the blissful feeling‚ and when she wasn’t as trapped as she once was. This newfound freedom that her awakening gifted her enable her to go beyond the expectations‚ and it opened up her eyes to a wide rage of possibilities. She did new things that she’s never done before‚ and it provided her with a joyful feeling. Despite the freedom that she was given‚ it
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govt. decides the oil prices. If you have any thoughts‚ please post it in the comments section. Subscribe to our future articles here. What is Crude Oil? Crude oil is a naturally occurring liquid composed mostly of hydrogen and carbon. We don’t need any scientific explanation of the term. As we know‚ in day-to-day life everything revolves around the crude oil and its availability. It is the most valuable commodity in the planet then diamond or gold. If a country has the oil reservoir (the place where
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processing facilities” is a unit which its main function is to process the crude. The main processing criteria are: • Minimum water cut for the oil ”less than 0.5%” • Zero percent of sand • No gas associated with oil leaving CPF • Others such as acid number‚ viscosity‚ density‚ pour point‚ etc. CPF contain many equipments and facilities to process the crude. These facilities can be summarize in: 1. crude processing facilities 2. Heating facilities 3. Chemical injection
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It was announced that the raise of price were planned to bring fuel prices in line with the global market cost. Government can no longer provide more subsidies needed to maintain fuel prices at current levels following the spike in global crude oil prices. Crude oil prices have risen dramatically over the last few years‚ driven by the strong global demand‚ limited spare oil production capacity and continuing political instability in certain oil producing regions. It is also announced that with the
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sensitive on the price. What causes fuel prices to rise and fall? For instance‚ let us have a look at oil. There are two main reasons - the cost of crude oil and the cost of refined petrol and diesel on the world market. The market is influenced by a number of factors including global demand‚ supply‚ and political events and manufacturing capability. Crude oil makes up a significant portion of the cost of fuel. In the early years‚ it is easy to drill oil‚ so there was plenty of cheap oil. But today
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between changes in crude oil prices and Malaysia and the UK macro-economy. A multivariate VAR analysis is carried out among five key macroeconomic variables: real gross domestic product‚ short term interest rate‚ real effective exchange rates‚ long term interest rate and money supply. From the VAR model‚ the impulse response functions reveal that oil price movements cause significant reduction in aggregate output and increase real exchange rate. The variance decomposition shows that crude oil prices significantly
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FACTS ABOUT PETROL PRICES & THE AUSTRALIAN FUEL MARKET INTERNATIONAL PRICES Crude oil‚ petrol and diesel are different products and are bought and sold in their own markets. Each market is typically regionally-based and there are linkages and transactions between regional markets. Prices in regional markets reflect the supply and demand balance in each market and the physical characteristics and quality of each commodity. Prices in regional markets can be volatile and can move in different directions
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wreaking havoc on what little land indigenous people have left. A 1‚172- mile‚ sweet crude oil pipeline‚ reaching from North Dakota to Patoka‚ Illinois‚ is set to be built through Indian reservations‚ accelerating the pulverizing destruction of our earth (Mckibben). For centuries‚ Native Americans have witnessed people slowly destroy the planet
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increasing costs of transportation will directly be added in the prices of consumer products. Moreover‚ the high gas prices generally are led by the high crude oil prices‚ and the crude oil is the raw material of most important chemical products such as nylon and synthetic polymers‚ which are inputs of most industry products. Consequently‚ the hike of the crude oil price also leads the rises of the industry product prices. The pervasive inflation is inevitable. Influenced by the inflation caused by the high
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