Develop A Strong Understanding Of
The Physical Side Of Crude Oil Industry!
Hello & welcome to the first reading, Introduction to Oil.
This reading describes the oil value chain including exploration and development, production, shipping, & marketing of crude oil & other refined products.
The reading overviews the importance of oil for industries, both as a fuel and as a raw material in various forms in the global economy.
This is followed by a short history of oil – how is it formed, and the different ‘kinds’ of oil discoverers as well as the major players in oil markets – including top global producers and major consumers. Then we explain how oil is formed, discovered and refined with a focus on the different types of oils, and the methods employed to extract them.
We then overview the different means of transporting oil, and the risks and benefits associated with the different methods of oil transport.
Finally, different global crude oil benchmarks are listed and specified.
So, join us now in Introduction to Oil and get a
complete 360-degree overview of the oil and gas industry!