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There are different types of crude oil. The most important type of crude oil used in Europe is Brent Crude, named after the North Sea oilfield where it is extracted. Brent Crude is a particularly ...

U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing ...

The month of January has been somewhat negative for the crude oil market, although it's probably worth noting that we are in the middle of the range, and this is a range that we have been in for ...

Commercial crude stocks are seen rising by 2.4 million barrels to 426.2 million barrels for the week ended Feb. 7, according to the average estimate of eight analysts and traders. Expectations range ...

Later, crude oil prices would drop below zero ... density of fossil fuels like gasoline or diesel. Plus, petroleum is used for a wide range of products across multiple industries, including ...

Canada and Mexico are the top sources of U.S. crude imports, together accounting for around one-quarter of the oil U.S. refiners process into fuels such as gasoline and heating oil, according to ...

NEW YORK (Reuters) - Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as those coming in from Mexico and Canada.

The global peak in oil production was reached in November ... NGLs are also not well-suited as a substitute for many of the uses that crude is used for. It is important to understand these ...