All countries consume crude oil or oil products. Both producers and consumers are highly concerned about crude oil prices. The crude oil prices are being directly affecting by several factors such as economic, political, geopolitical, and technological, oil reserves, available stocks and weather conditions, among others. On other hand the crude oil prices fluctuations influence directly the wor...

Ground-water contamination by crude oil, and other petroleum-based liquids, is a widespread problem. An average of 83 crude-oil spills occurred per year during 1994-96 in the United States, each spilling about 50,000 barrels of crude oil (U.S. Office of Pipeline Safety, electronic commun., 1997). An understanding of the fate of organic contaminants (such as oil and gasoline) in the subsurface i...

the price of oil plays an important role in the global economy and is an important factor influencing the government and commercial sectors. because of increasing importance of oil in financial markets, oil price predictions have always been an important subject for the researchers in economics, and other economic agents. this paper tries to study the behavior of crude oil prices based on smoot...

The crude oil market is significantly larger than that for any other commodity, both in terms of physical production and financial market activity (Table 1). The value of crude oil production is more than twice that of coal and natural gas, 10 times that of iron ore and almost 20 times that of copper. Crude oil is the most widely used source of fuel, supplying around one-third of the world’s en...

Heavy crude oil can be upgraded to lighter oil using several techniques. However, current methods usually require high temperatures, long reaction duration, and cause serious environmental pollution. This study shows that by using carbon nanocatalysts, heavy crude oil can be efficiently upgraded to lighter oil at a relatively low temperature of about 150 °C. The temperature of crude oil was inc...

Microbial Enhanced Oil Recovery (MEOR) is a potential technology for residual heavy oil recovery. Many heavy oil fields in Oman and elsewhere have difficulty in crude oil recovery because it is expensive due to its high viscosity. Indigenous microbes are capable of improving the fluidity of heavy oil, by changing its high viscosity and producing lighter oil fractions. Many spore-forming bacteri...

We report here the draft genome sequence of Arthrobacter sp. MWB30 strain, isolated from a crude oil-contaminated seashore in Tae-an, South Korea, which is able to degrade the crude oil and its derivatives. The draft genome sequence of 4,647,008 bp provides a resource for the identification of crude oil-degrading mechanisms in strain MWB30.

Crude oil pricing is commonly expressed as a formula referenced to Brent or WTI crude oil. The final price of these two qualities and the spread between WTI and Brent can drive the decision when the purchase of a crude oil cargo is evaluated. A crude oil price-forecasting model is presented. It is based on past data, inventory level and volatility index and it is derived with a neuro fuzzy infe...