crude oil and oil, is a naturally occurring, yellowish-black liquid found in geological formations beneath the Earth’s surface. It is commonly refined into various types of fuels. Components of petroleum are separated using a technique called fractional distillation, i.e., separation of a liquid mixture into fractions differing in boiling point by means of distillation, typically using a fractionating column. It consists of naturally occurring hydrocarbons of various molecular weights and may contain miscellaneous organic compounds.[1] The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both intense heat and pressure.
Petroleum has mostly been recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent improvements to technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into numerous products for direct use or use in manufacturing, such as gasoline (petrol), diesel and kerosene to asphalt and chemical reagents used to make plastics, pesticides and pharmaceuticals. Petroleum is used in manufacturing a wide variety of materials,[2] and it is estimated that the world consumes about 100 million barrels each day. Petroleum production can be extremely profitable and was important for economic development in the 20th century, with some countries, so called “oil states“, gaining significant economic and international power because of their control of oil production.
Petroleum exploitation has significant negative environmental and social consequences. Most significantly, extraction, refining and burning of petroleum fuels all release large quantities of greenhouse gases, so petroleum is one of the major contributors to climate change. Furthermore, parts of the petroleum industry actively suppressed science and policy that aimed to prevent the climate crisis. Crude oil trading — By March 2021, India’s domestic crude oil production output fell by 5.2% and natural gas production by 8.1% in the FY21 as producers ..The crude oil distillation unit — An oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into
Script Name –CRUDE OIL
Buy Price –5458-5463
Profit Target-5550
Stop Loss-5413
Call Duration- Intraday
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November 18, 2021
November 18, 2021
November 18, 2021
November 18, 2021
November 18, 2021
November 18, 2021
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