Crude oil plays an increasingly significant role in world economic development and also in the generation of wealth since nearly two-thirds of the world’s energy consumption comes from crude oil and natural gas. Worldwide consumption of crude oil exceeds $500 billion—roughly 10% of US GDP and crude oil is also the world’s largest and most actively traded commodity, accounting for about 10% of t...

This study proposes a multiple kernel learning (MKL)-based regression model for crude oil spot price forecasting and trading. We used a well-known trend-following technical analysis indicator, the moving average convergence and divergence (MACD) indicator, for extracting features from original spot prices. Additionally, we factored in the possibility that movements of target crude oil prices ma...

The objective of this study was to determine the effects of diets containing crude glycerol on pellet mill production efficiency and nursery pig growth performance. In a pilot study, increasing crude glycerol (0, 3, 6, 9, 12, and 15%) in a corn-soybean meal diet was evaluated for pellet mill production efficiency. All diets were steam conditioned to 65.5 degrees C and pelleted through a pellet ...

Transporting crude oil inside a pipeline is a common process in the petroleum industry. Crude oil from different sources has different properties due to terrains and climates which cause the transport profile to change during operations. In this study, the computational fluid dynamics model was developed using computer language code. The governing equations were employed to study the effect of ...

While there is good reason to expect crude oil production to be non-linear, previous studies that have examined the stochastic properties of crude oil production have assumed that crude oil production follows a linear process. If crude oil production is a non-linear process, conventional unit root tests, which assume linear and systematic adjustment, could interpret departure from linearity as ...

Environmental contamination by petroleum hydrocarbons, mainly crude oil waste from refineries, is becoming prevalent worldwide. This study investigates the bioremediation of water contaminated with crude oil waste. Bacillus salamalaya 139SI, a bacterium isolated from a private farm soil in the Kuala Selangor in Malaysia, was found to be a potential degrader of crude oil waste. When a microbial ...

Abstract Wax crystallization and deposition is a major flow assurance problem in production transportation of waxy crude oil. Conventional improvers are mainly high molecular weight synthetic polymers, many which eco-toxic. Bio-based derived from natural products promising as inexpensive, eco-friendly alternatives to existing products. In this study, cashew nut shell liquid (CNSL) extracted was...

an isolate from polluted soil identified as aspergillus sp. ms-100 was able to consume vanadium oxide octaethyl porphyrin as a model for protoporphyrins in crude oil. the isolate degrades about 55% of vanadium oxide octaethyl porphyrin (vooep) under optimum conditions during 7 days. the release of more than 0.96 mgl-1 of free vanadium into the aqueous phase was confirmed using atomic absorption...

Crude oil is one of the most important energetic resources in the world. It is used as raw material in numerous industries, including the refinery-petrochemical industry, where crude oil is refined through various technological processes into consumer products such as gasoline, oils, paraffin oils, lubricants, asphalt, domestic fuel oil, vaseline, and polymers. Oil-derived products are also com...