Oman Crude Oil Futures Contract 1. Exchange: Dubai Mercantile Exchange 2. Trading Unit: 1‚000 U.S. barrels (42‚000 gallons) 3. Contract Value: The contract value shall be the Final Settlement Price multiplied by one thousand (1‚000) multiplied by the number of Contracts to be delivered 4. Price Quotation: U.S. dollars and cents per barrel 5. Trading Symbol: OQD 6. Trading Hours : Electronic trading is open from 16:00 CST/CDT Sundays and from 17:00 CST/CDT Monday to Thursday and closes at 16:15
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SUPPLY & ELASTICITY OF CRUDE OIL SUBMITTED BY Group -5 Karan Chopra (2012137) Manik Grover (2012155) Manish (2012156) Nancy Pande (2012178) Nayan Sharma (2012182) Nitya Agarwal (2012188) Introduction Crude oil is a naturally occurring substance (i.e.‚ “Fossil Fuel”‚ formed from organic remains over a period of millions of years) found in certain rock formations in the earth. It is a dark‚ sticky liquid which‚ scientifically speaking‚ is classified as a hydrocarbon. Crude oil is highly flammable and
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Using words around examples helps the reader understand why that particular example connects to the overall message (thesis) of this paper. * Here’s an example. Your text is in black and my suggestions are in blue font: As increasingly popular crude oil and coal is to produce energy‚
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combustion contribute to inner-city pollution. Its extraction around the world is a dirty process‚ despite some half-hearted efforts to convince us otherwise. And the global appetite for oil-based fuels makes the environment‚ or indigenous people‚ only a secondary consideration in the oil business. To cap it all‚ most oil production is from politically unstable regions of the world so that our foreign policy cannot help but be warped by a need to secure our fuel supply. `q1Qq Put in that light‚ our willingness
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Steam Distillation of Lemongrass Oil I. Introduction When a mixture of cyclohexane and toluene is distilled‚ the boiling point of these two miscible liquids is between the boiling points of each of the pure components. By contrast‚ if a mixture of benzene and water (Immiscible liquids) is distilled‚ the boiling point of the mixture will be found below the boiling point of each pure component. Since the two liquids are essentially insoluble in each other‚ the benzene molecules in a droplet of
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1 ABSTRACT Distillation is a process by which one liquid can be separated from another liquid‚ or a liquid from a nonvolatile solid. In this experiment‚ the distillations of cyclohexane and toluene mixture were carried out. The purpose of this experiment is to compare the efficiency of simple distillation versus fractional distillation for separation of a mixture of toluene and cyclohexane. The mixture was first separated using simple distillation. A simple distillation apparatus was set
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Crude oil‚ being the leading provider of energy on this planet‚ is closely monitored‚ forecasted and heavily traded in the world market. The International Energy Agency (IEA) is one of the noted agencies in charge of accounting for current supply and estimating oil future demand. As Sohbet Karbuz reports in his article‚ Confessions of a Statistician‚ the accounting of these fundamentals is complex‚ requires significant guess work and be subject to fraud and misreported information. This makes
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1.0 Introduction 2 1.1. Seria Crude Oil Terminal 2 2.0 Contents 2 2.1. Equipment or tools 2 2.2. Processes 4 2.3. Advantages and Disadvantages of Processes 6 3.0 Conclusion 6 4.0 Reference List 6 1.0 Introduction 1.1. Seria Crude Oil Terminal The Seria Crude Oil Terminal (SCOT) is owned by the Brunei Shell Petroleum (BSP) which is located on the Seria field in Brunei. Its provide collections‚ storage and export facilities for crude oil and it was establish in 1972. 2
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REFINING TANKRADAR REX 3950 Refinery improved crude oil inventory control with Rosemount Tank Gauging products RESULTS • Improved crude oil inventory control • Decreased operating and maintenance costs • Reduced safety risks APPLICATION Level and temperature measurement in crude oil storage tank CUSTOMER Refinery in South-East Asia CHALLENGE This refinery had a problem with the accuracy of crude oil inventory measurement. The inventory must be closely monitored so that the tanks are not overfilled
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Introduction Commodity Trading: Commodity trading is the market activity‚ which links the producers of the commodities effectively with their commercial consumers. Commodity trading mainly takes place in the commodity markets where raw or primary products are usually exchanged. The raw commodities here are traded on regulated commodities exchanges‚ in which they are bought and sold in standardized forms of contracts. Many different factors affect the prices of commodities. This includes taxes
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