Refining crude oil - U.S. Energy Information Administration (EIA)
Learn more. Petroleum refineries change crude oil into petroleum products for use as fuels for transportation, heating, paving roads, and generating electricity and as feedstocks for making chemicals. Refining breaks crude oil down into its various components, which are then selectively reconfigured into new products.
The process of crude oil refining | EME 801: Energy Markets
PRESENTER: For crude oil to be used effectively by modern industry, it has to be separated into its component parts and have impurities like sulfur removed. The most common method of refining crude is the process of fractional distillation. This involves heating crude oil to about 350 degrees Celsius, to turn it into a mixture of gases.
Beginner's Guide to Upstream Crude Oil Fundamentals
Oct 25, 2019 · Moving goods to market requires fuel. Fuel, in its various forms, is just one of many refined products that come from a barrel of crude oil. To fully understand how fuel prices move and influence your transportation budget, it’s important to understand the full energy market supply chain.
Energy Explained, Your Guide To Understanding Energy
The United States has access to significant shale natural gas resources. In the U.S. Crude Oil and Natural Gas Proved Reserves (December 2016), the U.S. Energy Information Administration estimated that the United States has about 200 trillion cubic feet of proved shale gas resources.
Refining Stocks and Oil Prices: Understanding the Correlation
Mar 03, 2017 · Refining Stocks and Oil Prices: Understanding the Correlation Coefficient. ... crude oil. Refining stocks and oil prices ... any movement in PSX stock price can be explained by changes in the ...
AN INTRODUCTION TO PETROLEUM REFINING AND THE PRODUCTION OF
In the refining industry, crude oil is called sweet (low sulfur) if its sulfur level is less than a threshold value (e.g., 0.5 wt% (5,000 ppmw)) and sour (high sulfur) if its sulfur level is above a higher threshold. Most sour crudes have sulfur levels in the range of 1.0–2.0 wt%, but some have sulfur levels > 4 wt%.
List of oil refineries explained
List of oil refineries explained. This is a list of oil refineries.The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery.
API | How an Oil Refinery Works
Adventures in Energy - Refining Oil. Explore the critical role refining plays in unleashing the potential of a barrel of crude oil and turning it into the specially formulated products that we rely on every day. These products include gasoline, agricultural chemicals, heating oil, plastics, and even prescription medicines.
Factors affecting gasoline prices - U.S. Energy Information
The cost of crude oil is the largest factor in the retail price of gasoline. The cost of crude oil as a share of the retail gasoline price varies over time and across regions of the country. Crude oil prices are determined by both demand and supply. World economic growth is the most significant factor for demand.
Cherry Point Refinery - Wikipedia
Cherry Point Refinery. Most of Cherry Point's crude oil is from the Alaska North Slope. It is brought in by petroleum tankers via the Strait of Juan de Fuca and Rosario Strait and delivered directly to the refinery via the facility's tanker pier near a minor headland called Cherry Point, on the Strait of Georgia.