The World Crude Oil Paradoxes

2012 ◽  
pp. 1-6
Keyword(s):  
Crude Oil ◽  
The World

scholarly journals Biodiesel, a ochrona środowiska

2006 ◽  
Vol 4 (1) ◽  
pp. 351-356
Author(s):  
Marlena Owczuk
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Crude Oil ◽  
Environmental Degradation ◽  
Automotive Industry ◽  
Alternative Fuels ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Engine Emissions ◽  
The World

The development of the automotive industry in the world causes high environmental degradation, the main source of this degradation is engine emissions. It is necessary to introduce biofuels prepared from renewable energy sources to the market due to the limited reserve of crude oil and environmental protection. Appropriate new modifications in law regulations have been prepared in European Union. Introducing alternative fuels can reduce the emissions of harmful gases and also decrease the level of pollutions in the environment.

scholarly journals “Shale Revolution” in the United States as the Main Driver of the World Oil Market Transformation

2019 ◽  
Vol 12 (6) ◽  
pp. 71-93
Author(s):  
S. A. Zolina ◽  
I. A. Kopytin ◽  
O. B. Reznikova
Keyword(s):  
United States ◽  
Crude Oil ◽  
Oil Production ◽  
The United States ◽  
Oil Price ◽  
Oil Market ◽  
Oil Exports ◽  
The World ◽  
Oil Sector ◽  
The U.S

In 2018 the United States surpassed Saudi Arabia and Russia to become the largest world oil producer. The article focuses on the mechanisms through which the American shale revolution increasingly impacts functioning of the world oil market. The authors show that this impact is translated to the world oil market mainly through the trade and price channels. Lifting the ban on crude oil exports in December 2015 allowed the United States to increase rapidly supply of crude oil to the world oil market, the country’s share in the world crude oil exports reached 4,4% in 2018 and continues to rise. The U.S. share in the world petroleum products exports, on which the American oil sector places the main stake, reached 18%. In parallel with increasing oil production the U.S. considerably shrank crude oil import that forced many oil exporters to reorient to other markets. Due to high elasticity of tight oil production to the oil price increases oil from the U.S. has started to constrain the world oil price from above. According to the majority of authoritative forecasts, oil production in the U.S. will continue to increase at least until 2025. Since 2017 the tendency to the increasing expansion of supermajors into American unconventional oil sector has become noticeable, what will contribute to further strengthening of the U.S. position in the world oil market and accelerate its restructuring.  

GEOLOGICAL REASONING FOR THE PETROLEUM SOURCE ROCKS OF KNOWN FIELDS

1986 ◽  
Vol 26 (1) ◽  
pp. 132
Author(s):  
R.E. Chapman
Keyword(s):  
Crude Oil ◽  
Source Rocks ◽  
Petroleum Geology ◽  
Single Source ◽  
Reservoir Rocks ◽  
Water Composition ◽  
The World ◽  
Distinct Source ◽  
Wax Content ◽  
Giant Fields

Geological reasoning for the petroleum source-migration-accumulation relationships centres around petroleum composition and its variability, water composition and its variability, and stratigraphy. For example, a field with several pools of petroleum of different compositions is likely to have been sourced from several distinct source rocks that are stratigraphically associated with the reservoir rocks. If water compositions are also variable, the conclusion is reinforced. A field with several pools of petroleum of similar quality was sourced either from similar source rocks that are stratigraphically associated with the reservoirs, or from a single source that is removed from the accumulations. There are also considerations of wax content, environment of deposition of the reservoir sequence, sand/shale ratios, and faulting.Geological reasoning does not always lead to the same conclusions as geochemical reasoning. Such cases are particularly important for petroleum geology because they should lead us to a better understanding of the source-migration-accumulation relationships. Some of the remaining giant oil accumulations of the world may be in areas that would be discarded on geochemical evidence. Most of the crude oil remaining to be discovered will be in relatively few giant fields, so misunderstanding could jeopardize our future supplies.

scholarly journals Constructing a Composite Leading Indicator for the Global Crude Oil Price

2018 ◽  
Vol 11 (5) ◽  
pp. 129
Author(s):  
Mei-Teing Chong ◽  
Chin-Hong Puah ◽  
Shazali Abu Mansor
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Oil Price ◽  
Economic Research ◽  
National Bureau ◽  
Crude Oil Price ◽  
Leading Indicator ◽  
Indicator Approach ◽  
The World

Crude oil, as the most traded commodity in the world, exhibits prices with a clear influence on other commodities in the worldwide market. It also poses implications regarding the economic growth of oil-exporting and oil-importing nations. This study provides an unprecedented method of employing the indicator approach as proposed by the Conference Board, National Bureau of Economic Research, to construct a leading indicator for the global crude oil price. The results reveal that the constructed oil price indicator can predict the cyclical movement of the oil price by moving in advance of 3.5 months on average. This finding could provide better signaling to oil-related nations as well as other commodities that consider crude oil to be a leader in the market.

scholarly journals Revisiting the Integration of China Into the World Crude Oil Market: The Role of Structural Breaks

2019 ◽  
Vol 7 ◽  
Author(s):  
Zhenhua Liu ◽  
Zhihua Ding ◽  
Pengxiang Zhai ◽  
Tao Lv ◽  
Jy S. Wu ◽  
...  
Keyword(s):  
Crude Oil ◽  
Structural Breaks ◽  
Oil Market ◽  
The World

scholarly journals Hydrogeochemical Aspects Associated with the Mixing of Formation Waters Injected Into the Hydrocarbon Reservoir

2017 ◽  
Vol 33 (2) ◽  
pp. 69-80
Author(s):  
Barbara Uliasz-Misiak ◽  
Katarzyna Chruszcz-Lipska
Keyword(s):  
Chemical Composition ◽  
Natural Gas ◽  
Crude Oil ◽  
Oil And Gas ◽  
Geochemical Modeling ◽  
Gas Field ◽  
Hydrocarbon Reservoir ◽  
The World ◽  
Petroleum Companies ◽  
Hydrocarbon Deposits

Abstract Formation waters extracted with crude oil and natural gas, due to their amount and chemical composition can be a problem for petroleum companies operating hydrocarbon deposits. On average, the world generates 2 to 3 times more water than oil. On average, the world generates 2 to 3 times more water than crude oil. T he amount of extracted water increases with the time of exploitation of the deposit, in the case of deposits at the final stage of depletion, the amount of extracted water is 5 to 8 times bigger than petroleum. Formation waters from hydrocarbons deposits are usually the highly mineralized brines. Large quantities of highly mineralized waters extracted with crude oil and gas are disposed of in various ways or neutralized. T he most common way of disposing of these waters is by injecting them into rock mass. As a result of injection of reservoir waters into hydrocarbon deposits, the waters interact with the storage formations. In these formations, there may be numerous reactions of mineral water with the rock environment. T he injection of reservoir waters will also cause mixing of waters that can disturb the state of thermodynamic equilibrium and will alter the chemistry of these waters. It was analyzed by the geochemical modeling of the interaction of the reservoir waters of Przemyśl natural gas field. Using the PHREEQC program, the chemical reactions related to the mixing of reservoir waters of different chemical types have been studied. It has been found that is possible to precipitation appropriated minerals as a result of mixing water with different chemical composition.

scholarly journals The volatility of natural gas prices - Structural shocks and influencing factors

2021 ◽  
Vol 37 (4) ◽  
Author(s):  
L. Stajic ◽  
B. Đorđević ◽  
S. Ilić ◽  
D. Brkić
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Energy Production ◽  
Coal Production ◽  
Total Production ◽  
Structural Shocks ◽  
The World ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
Gas Market

The paper examines the primary drivers and factors influencing the volatility of natural gas prices in the world from January 2007 to July 2020. In addition to the narrow dependence between crude oil and natural gas prices, the influence of renewable energy production and coal production on the price of natural gas has been studied. For that purpose, the method of multiple linear regression was used. The results show that the volatility of natural gas prices significantly depends on the type of the shock in the natural gas market, and that the total production of energy from renewable sources, production of coal and natural gas and the price of crude oil have a significant impact on the price of gas.

scholarly journals Time-varying relationship between Ukrainian corn and world crude oil prices

2020 ◽  
Vol 184 (7-8) ◽  
pp. 49-57
Author(s):  
Mariusz Hamulczuk ◽  
◽  
Oksana Makarchuk ◽  
Keyword(s):  
Crude Oil ◽  
Corn Oil ◽  
Oil Prices ◽  
Developed Countries ◽  
Correlation Technique ◽  
Time Varying ◽  
Policy Reforms ◽  
Crude Oil Prices ◽  
The World ◽  
Corn Prices

Corn belongs to the most important feed and industrial grains in the world being utilized for bioethanol production. Ukraine does not produce biofuels and does not pursue an active renewable energy policy. However, due to significant share of exports, corn prices in Ukraine can be shaped under the influence of biofuel policies pursued by developed countries, as well as under the influence of world energy markets. Therefore, the aim of the paper is to investigate the mechanisms linking Ukrainian export corn prices with Brent oil prices, as well as to quantitatively assess the nature of this relationship. We were especially interested in possible time-varying relationship between the prices. The price analysis was carried out on the basis of monthly data for the period 2001-2020 with the use of rolling correlation technique and rolling causality tests. The results of this research indicate on time-varying co-movements of Ukrainian corn and Brent crude oil prices. The strongest positive correlations and significant bidirectional causality were observed in 2007-2011. However, in most of sub-periods there were no significant relationships between these prices. Among factors strengthening the price linkages are the low corn-oil price ratios, dynamic increase of corn utilized for ethanol production and depletion of the world corn stocks. The conducted analysis confirmed that changes in biofuel demand in other countries can affect Ukrainian corn market due to horizontal integration of grain markets worldwide. Biofuel policy reforms in the EU aiming at decreasing mandatory blending of conventional biofuels in favor of advanced biofuels can lead to decrease in demand for corn in Ukraine after 2021, leading, in turn, to further weakening of linkage between corn and crude oil prices.

scholarly journals COMPARATIVE ANALYSIS OF BIOFUELS WITH A FEEDSTOCK FUEL COMPLEX.

THE BULLETIN ◽  
2021 ◽  
Vol 3 (391) ◽  
pp. 122-127
Author(s):  
N.B. Shamuratova ◽  
Y.S. Baitilenova ◽  
A.N. Narenova ◽  
Zh.A. Nazikova ◽  
A.A. Kamerova
Keyword(s):  
Crude Oil ◽  
Alternative Fuels ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Active Management ◽  
The European Union ◽  
The World ◽  
The Future

Biofuels are viewed as a possible fuel of the future. Concerning energy for cars there is intense “competition” stemming from electricity and rising in popularity due to modern research is also hydrogen. In general, biofuels are nowadays strongly supported in the European Union as well as in the United States of America and many other regions of the world. Active management in the oil and gas industry needs to take in account knowledge not only about fossil fuels but also various types of alternative fuels like biofuels. This thesis goal is to analyze the economics of producing Bio-Crude oil from a plant called Jatrophae curcadis, (or also known as “purging nut”). It is nowadays growing around subtropical regions of the North American continent, especially in Mexico, and southern Asia, and with lower yield can grow even in arid wastelands of Central Asia (in arid Mali it is grown to hold wildlife from plants). It is the very undemanding plant so the biofuel produced from it can be very cheap compared to other biofuels. The oil produced from this plant is not being traded on commodities markets yet but is viewed as biofuel of the future as currently sold soybean oil and palm oil are according to my analysis more expensive in many areas of the world. Production of the plant seeds (nuts) when pressed leads to bio-crude oil which can be processed to biocrude. Economic analysis showed that given irrigation and good genetic selection of the plants to give higher production of seeds (price of the kg would be determining factor), the biocrude produced from the seeds has the potential to successfully compete with alternative fuels made from soybean or palm oils.

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