ƒ In addition to accurate forecasts of the price of oil, policy-makers are interested in evaluating the risks associated with the baseline forecast to gauge the implications of alternative oil price paths for the economic outlook. A structural model of the global oil market can be used to develop risk scenarios for oil price forecasts, based on hypothetical assumptions about future demand and s...

Biomass can be utilized to produce bio-oil, a promising alternative energy source for the limited crude oil. There are mainly two processes involved in the conversion of biomass to bio-oil: flash pyrolysis and hydrothermal liquefaction. The cost of bio-oil production from biomass is relatively high based on current technologies, and the main challenges are the low yield and poor bio-oil quality...

As the oil spill models are usually based on the sea surface and few researches are for submarine oil spill nowadays, the simulation for submarine pipeline oil spill is discussed by FLUENT to forecast the trajectory of oil. The coupling of pressure and velocity under unsteady-state condition is solved by pressure implicit with splitting of operator’s algorithm and the boundary condition of nonl...

As the main exporter in the oil palm industry, the need to improve the quality of palm oil has become the main interest among all the palm oil millers in Malaysia. To produce good quality palm oil, it is important for the miller to harvest a good oil palm Fresh Fruit Bunch (FFB). Conventionally, the main reference used by Malaysian harvesters is the manual grading standard published by the Mala...

Interest has risen among utilities in using natural ester (NE) insulating oils in transformers as a substitute for conventional mineral oil. However, present understanding on aging behaviour of NE-paper composite insulation system and knowledge on application of existing condition monitoring tools for NE-based insulation are inadequate. This limits the cost effective and reliable field applicat...

Silicone based oil is heated in the boiler of the diffusion pump and the vaporized oil rises in the central tower and streams out of directional flutes directed downward in the pump throat. This allows air molecules to dissolve in the gaseous oil (gas dissolved in gas). As the oil-air mixture cools (due to water cooling coils wrapped around the pump throat) the oil condenses and returns to liqu...

Selective filtration of gas, water, and liquid or gaseous oil is essential to prevent possible environmental pollution and machine/facility malfunction in oil-based industries. Novel materials and structures able to selectively and efficiently filter liquid and vapor in various types of solutions are therefore in continuous demand. Here, we investigate selective gas-water-oil filtration using t...

Development and application of biocompatible lubricants are increasing daily as a result of stringent regulations imposed on mineral oil-based lubricants with their non-biodegradable toxic wastes. Before consumer acceptance of vegetable oil-based lubricants, they must overcome certain poor performance characteristics such as thermal and oxidative instabilities. This work demonstrates the improv...