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Petroleum's status as a key component of politics, society, and technology has its roots in the coal and kerosene industry of the late nineteenth century. One of the earliest instances of this is the refining of paraffin from crude oil.
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol).
1 Απρ 2020 · At the moment, about 5 million barrels of oil produced worldwide each day is not fetching high enough prices to cover the costs of getting it out of the ground (based on Brent crude at USD 25 a barrel, with variations to reflect the prices typically available to producers around the world).
8 Οκτ 2020 · The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels.
29 Ιουλ 2021 · Licence: CC BY 4.0. World total energy supply: 6 098 Mtoe IE…. IEA Association countries: 12.8% IEA Me…. Other countries: 23% Bunkers: 3%. Oil statistics 2019, World oil supply and demand, 1971-2018.
18 Ιαν 2018 · Between mid-2014 and early 2016, the global economy faced one of the largest oil price declines in modern history. The 70 percent price drop during that period was one of the three biggest declines since World War II, and the longest lasting since the supply-driven collapse of 1986.
5 Οκτ 2020 · It’s the “fastest rate of layoffs in the industry’s history,” the report says—a remarkable pace even for a sector famed for its sky-high booms and punishing busts.
